With more and more transactions taking place in the digital realm, the need for digital ID verification is unquestionable. Unlike face-to-face interactions in the analog world, which rely on facial recognition between two individuals, digital ID verification is performed by a computer. Or to be more specific, machine-learning algorithms.
A number of protocols and regulatory frameworks have since established the ground rules for digital ID verification. Among them are:
On the basis of these protocols/legislation, digital service providers can design their own digital ID process. Such a process may rely on a number of factors, from documents to biometrics to digital signatures.
As mentioned, there is no question about the need for digital identity verification. Between the sheer number of online transactions and the rampant amount of fraud, impersonation, and illicit financial behaviour, having a digital solution is the only way forward. However, there are a number of clear advantages to a digital identification verification process. FOr example:
The digital ID verification process generally relies on three basic methods of identification. In many cases, and especially for sensitive transactions that require strong verification protocols, more than one method is used. Here’s how they work:
Who Usually Requires Identity Verification?
Identity verification is usually required by financial institutions, government agencies and other organisations that need to confirm the identity of their customers or clients. These include banks, insurance companies and online retailers, among others.
Is ID verification Secure?
The security of ID verification depends on a number of factors. These include the technology and methods used, the security of the databases and systems accessed, and the policies and procedures in place to protect against fraud and data breaches.
What Is Biometric Verification?
Biometric verification is a form of identity verification that uses a person's physical characteristics, such as fingerprints, face or voice, to confirm their identity. This method is often used in conjunction with other forms of identity verification.
Why Is ID Verification Important?
Identity verification is important for a number of reasons, including preventing fraud, ensuring compliance and protecting against identity theft.