Why You Should Choose Biometric Identity Verification Software
Nowadays, businesses use digital platforms to offer their products and services. Therefore it has become crucial to check the authenticity of people. Identity theft is the most common type of fraud these days. Technologies like deep fake are posing serious threats. So, how can companies prevent themselves from these threats? One of the best methods is to use biometric identity verification software.
Individuals have unique characteristics, and organizations can use digital identity verification to identify individuals. In this article, we’ll discuss why you should choose biometric identity verification software. Stick around with us till the end.
How Does Biometric Identity Verification Work?
Computer vision captures the unique characteristics of individuals that remain constant over time. It’s stored in the database for future checks. Whenever an individual tries to make transactions or verify their identity, the system compares their characteristics with the data stored in the database. This process is called biometric recognition.
Biometric systems consist of three main components:
- Scanner
It scans the biometric factor that is used for identification. For example, it can be facial recognition or fingerprint verification.
- A Software
It converts scanned data into digital formats. It uses a Machine Learning algorithm to compare recorded data with the stored data in the database.
- A Database
It holds biometric data. It helps programs run a comparison check.
Why You Should Choose Biometric Identity Verification Software – 5 Benefits
Identity thefts are increasing worldwide, and they result in massive financial losses. But identity authentication software can help you prevent these losses. Moreover, businesses must use customer verification solutions to maintain the integrity of data and ensure the security of information.
Using biometric verification will increase customers’ trust in your company, and they can share their information confidently with you. Nowadays, biometric identity verification software is embedded with AI and machine learning that protect organizations against fraud.
By using identity verification software, you can enjoy the following benefits:
- Safer Business
Biometric identity verification software help reduce the risk of identity theft. These solutions don’t only help secure your business, but they also help improve risk management strategy and make your business more competitive.
- Reduces Manual Work
Nowadays, the manual review team can get easy because software can validate identities automatically. So teams can focus on other crucial tasks.
- Easy Integration
Integrating software isn’t an easy task. But the good news is you can incorporate identity authentication software with your previous software. Integrating such software is an easy task.
- Minimize the Risk of Fraud
As mentioned earlier, online frauds are on the rise. Therefore, organizations need to encounter this problem. Using customer verification solutions can significantly reduce the risk of scams.
What Can Biometric Verification Be Used for?
Now you understand how biometric verification works and the benefits of using customer verification solutions. But the question is, who can use it? High-end smartphones use this technology to unlock phones through fingerprints and facial recognition.
Organizations use it to track employees’ attendance; banks use it to combat fraud, call centers use it to authenticate users, and they help monitor access to critical areas. Companies can use it to enhance information security and maintain data integrity.
Use IDefy for Online Biometric Verification
IDefy is a multi-solution platform embedded with technologies like AI, ML, computer vision, and OCR. Our identity authentication software allows companies to identify users’ identities with facial recognition, Liveness detection, and ID document processing.
Our solution ensures data is 100% accurate. Moreover, it authenticates the documents. So using biometric identity verification software can help you protect your business against fraud.
Conclusion
Like other technologies, biometric identity verification is a perfect solution for identifying unique characteristics of humans. There are various biometric identity verification software exists in the market, but you can’t trust all of them. IDefy is the best software for digital identity verification. It offers various solutions, as discussed earlier, so you can choose them according to your business needs.