Document Verification Services – Preventing Identity Fraud Efficiently


Identity fraud is an ever-increasing concern in businesses, government institutions, and fintech. Even with improvements in terms of digitization and automation of operations, it seems fraud isn’t being prevented. Lacking security measures in digital platforms facilitates fraudsters to manipulate and cause financial damage to businesses.

Stealing, manipulating, and hacking are common motives of criminals that have seemingly become easier to achieve. This being the reason because businesses adopt digital platforms while completely ignoring the risks involved and continue to operate without sufficient security protocols. Document verification services provide the tools for fraud prevention by authenticating customers digitally.

Risks in Digital Platforms

The coronavirus pandemic has led businesses to implement social distancing as precautionary measures. This does prevent the spread of the virus, but fraudsters are taking advantage of digital platforms to manipulate systems by using fake documents for authentication. Securing the digital platforms is important too since meetings, interviews, and onboarding are now being conducted online and the risks have increased.

Even though the operations are running smoothly and employees conveniently work from the comfort of their homes, the company often becomes a victim of fraud and faces monetary losses. Criminals target the weak points, which in this case is the unsatisfactory document checks, to manipulate the systems. With proper document verification services, however, these risks can be mitigated.

Managers in digital business platforms can never be sure of the identity of all the attendees in a meeting unless proper identity verification is carried out. The attendees may even include fraudsters with illicit intentions aiming to leak sensitive information. Additionally, virtual onboarding through online video calls is particularly risky because fake documentation is often used for false authentication.

These risks often take companies down with huge losses and in the worst cases lead them to bankruptcy.

Documents Used for Identity Fraud

1.     Illegal Documents

Illegal documents are those that do not constitute some key characteristics present in government-issued identity documents. Criminals use these illegal documents to verify identity because they appear real unless checked in detail.

2.     Tampered Documents

Apart from illegal documents, there is often a mix of original and fake characteristics in documents. This happens when fraudsters modify documents belonging to someone else and use them to get authenticated.

3.     Stolen Documents

For those criminals that do not make modifications, stealing identity documents is the way to go. Simply stealing documents and using them for criminal activities allows fraudsters to keep their own name clean.

Document Verification Services

Document Verification services are implemented to counter identity fraud by detecting fake and stolen documents. Since fake identities often lead to monetary losses, regulatory authorities have encouraged businesses to incorporate identity verification procedures. Enhanced technology has allowed fraudsters to carry out illicit activities to steal from businesses, and it’s tough to counter them without advanced techniques.

It often happens that businesses adopt digital platforms and try to save costs by ignoring security measures like document verification services. In the end, however, they end up losing more than they previously planned to save.

How Document Verification Solutions Work

Document verification services require businesses to install relevant APIs into their web applications or mobile platforms, wherein the customers or end-users enter their personal information as well as upload their identity documents. Identity document verification uses AI to extract and analyze the information, comparing it with the previously provided information.

AI-driven digital document verification allows the detection of even the slightest alterations or fake characteristics. This process is quick and accurate thanks to integrated technologies like machine learning algorithms. It helps filter out the bad actors by rejecting cases of unmatched records or suspicious entities. By incorporating document verification, businesses can prevent fraud and ensure seamless operations in digital platforms.

Online Document Authentication

In the past, the absence of advanced technologies meant that manual document verification had to be carried out. Verifying documents manually just by looking at them was obviously not a very reliable process. Now, the integration of AI and machine learning algorithms has sufficiently improved document verification. The process is very complex in the back-end but doesn’t cause any kind of hassle for the company itself.

Machine learning and deep learning algorithms in document verification services are used to verify documents with varying templates. As AI is capable of learning through the process, the previously stored data is also useful in differentiating between document types. Some of the key characteristics of identity cards issued by global authorities are rainbow/hologram patterns as well as special ink. With AI-based document verification services, it’s possible to detect alterations or the absence of these characteristics, hence allowing a fraud-free system.

The Bottomline

To sum it up, document verification services provide the crucial security protocol for online platforms. The use of AI further enhances these document verification solutions to make them more efficient and convenient for the customers, while preventing instances of identity fraud.


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