PUBLISHER: QKS Group | PRODUCT CODE: 1445891
PUBLISHER: QKS Group | PRODUCT CODE: 1445891
Quadrant Knowledge Solutions Reveals that Identity capture and verification Market is Projected to Register a CAGR of 20.47% 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 biometric verification and facial recognition to determine the genuineness of the individual. These solutions verify user identities, control fraud, and meet regulations.
Identity Capture and Verification 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). To deliver a strong, flexible, scalable, and reliable architecture, modern identity verification solutions use AI and machine learning. This allows organisations to develop the solution in accordance with their demands and business objectives.