Document verification online is an essential part of the onboarding process in all business sectors. It eliminates the need for in-person verification. The document verification process is used to check the legitimacy of documents and prevent fraud. Avoiding document verification reduces safety and exposes businesses to misuse and financial crimes. Many businesses don’t have a robust document verification process, exposing them to risks, causing heavy penalties, and facing jail time by legal authorities.
What Is Document Verification?
Document verification is essential to check the originality of documents by checking certain elements such as watermarks, stamps, and signatures of government-issued documents like CNIC, passports, licenses, etc. Document verification can be of two types, traditional document verification, and online document verification. In traditional document verification, a user has to stay and wait physically in a long line for their turn. The document was verified by applying certain checks and ensuring the elements were placed in the right place on official documents.
But online document verification makes the process easier. Document verification online checks the document through facial verification and uploads government-issued IDs. A document verification service is a series of validation checks applied to documents to check their authenticity while matching the data against the referenced database. Both traditional and document verification online is safe and trustworthy processes to check the authenticity of documents and prevent fraud and money laundering.
Elaborate Document Verification & Digital ID Verification
These two terms sound similar and are often mistakenly considered interchangeable, but these are two different procedures. In the document verification process, the customer submits a set of documents required by a specialist or KYC software. Verification of documents ensures that the submitted papers are original and not forged.
However, an identity verification process is used to check that the client is the true owner of the documents. Important ID checks were made, including PEP (politically exposed person), address evidence, and others. In this, necessary ID checks, such as PEP (politically exposed person), proof of address, and others, were performed. Additionally, biometric verification enables us to confirm that the submitted photo on the document matches the biometric information.
Some validation checks are given below that explain how to verify documents and identities:
Documents with an ID photo attached to them are used to verify the identity of customers. The automated tools can extract data from images and compare it with the data in the database.
Government-issued documents usually packed in custom boxes have related data on both the front and back sides. ID verification matches the information on both sides and verifies the identity.
The user’s information is compared to the database’s thousands of IDs. The number of documents that various document verification organizations can check is a point of pride for them.
Identity Checks And Selfie Liveness
The user’s ID is compared to the selfie taken by the phone during these checks. It verifies the owner’s presence in person as well as the originality of the documents.
Machine Learning And Document Verification
Machine learning makes document verification very easy with automated tools and optical character recognition (OCR), which verifies and analyzes documents automatically. It’s self-learning software that learns from previous patterns and experiences, and when a document comes in, it analyzes the data automatically.
Traditional document verification rests on algorithmic patterns and understanding, which can’t beat the standard of human inspection. These problems have been resolved, and the document checker online is now more precise because of machine learning. Here’s a general overview of how the process works:
To train the machine learning system, all the obtained data is used. Both authentic and altered or fraudulent papers must be included in the data.
Identify Document Characteristics
Identify the document’s characteristics, revealing whether it is genuine or fake. The features may be textual or visual; the visual elements may include stamps, signatures, and logos, and the textual information includes dates, document IDs, etc.
Train a machine learning model from the collected data or information that has been extracted.
Utilize evaluation metrics to evaluate the model. The evaluation determines if the model can correctly identify whether a document is genuine or forged. But, it’s important to note that the machine learning methods are not foolproof. The data determine their performance gathered for training.
Document verification is the best way to check the legality of documents. Many businesses still use traditional document verification methods, but they are time-consuming. Here, document verification online comes into the picture and makes the verification process easy and time-saving. Document verification online process takes seconds to verify identities by using automated software.