PUBLISHER: QKS Group | PRODUCT CODE: 1445886
PUBLISHER: QKS Group | PRODUCT CODE: 1445886
Quadrant Knowledge Solutions Reveals that Identity Capture & Verifications is Projected to Register a CAGR of 27.6% by 2027.
Identity capture and verification solutions verifies and authenticates the user in real-time to prevent impersonators from committing fraud. In digital identity verification, the solution connects and collates data from government databases, utilizes liveness detection methods including g biometric verification and facial recognition to determine the genuineness of the individual. These solutions verify user identities, control fraud, and meet regulations. These solutions leverage technologies, including artificial intelligence, machine learning and deep learning to accurately authenticate, verify and process large volumes of identities of the users. The solutions also utilize Optical Character Recognition (OCR) technology to extract information from documents including photo image to match the identity of the individual with the selfie. Identity Capture and Verification solutions also comply with various regulations such as KYC, AML, PCI-DSS, and eIDAS (electronic IDentification, Authentication, and trust Services).
Modern identity verification solution utilizes AI and Machine learning backed solutions which provides robust, flexible, scalable, and reliable architecture, enabling organizations to implement the solution based on their unique needs and business requirements. This allows organisations to develop the solution in accordance with their demands and business objectives.