Electronic ID Document Verification is a popular service used for automated onboarding practices and plays a crucial role in verifying a person’s identity. This service can be mitigated into a mobile app where the customer can simply take a photo of their chosen ID document like a passport or driver’s license and match it against a selfie taken. This method eliminates the need for manual and physical ID checks and is often a chosen solution for businesses to fulfil compliance measures and Know Your Customer initiatives.
Identity document verification will check that an ID (e.g., driver’s license, passport, government ID) is legitimate and will have the following practices in place to verify this ID against relevant sources such as a selfie to authenticate liveness and check against public databases.
After this 1-2-3 process is complete, the customer's submission will be sent to the relevant business portal where their data is screened against a public database. The app will then generate a pass or fail in real-time; if it’s a pass, the customer will be successfully verified or onboarded into the organisation's system.
The first benefit of ID document verification enables a customer’s ID to be authenticated digitally and in real-time, all from a remote location or branch. It removes the need for manual checks where a person has to check an individual’s physical ID and match it against them which is often time-consuming and a waste of resources. This technology speeds up business practices like pre-checks for a bank account opening, loan approval or general customer onboarding processes where they may need to be verified before moving to the next stage.
The second benefit is all about the Know Your Customer (KYC) aspect and enabling robust customer due diligence and identity verification procedures. This is important for organisations that may need to abide by compliance measures within their sector and safeguard themselves against fraudulent activity, anti-money laundering and other various types of cyber threats.
For more than 35 years Melissa has been a leading provider of contact data quality and identity resolution solutions helping over 20,000 businesses worldwide. With fraudulent activity on the rise and compliance measures continuing to become more stringent, Melissa ensures that our solutions are robust to meet any business need. We help businesses remain compliant while protecting themselves from any potential threat with smooth onboarding and ID checks, as well as ensuring our Our Identity verification solutions are flexible, easily integrable and future-proof as we rapidly transition to a more digital approach.