Emily Clarke

How Can Identity Be Verified Online?

Verifying someone's identity online is the first step of establishing trust. Unfortunately, a person could be hiding behind any facade, pretending to be someone they're not or plotting something nefarious. Organizations face quite a bit of risk that naturally comes with online transactions, but an online identity verification service can reduce a company's risk and greatly improve the customer onboarding process too. But first, what is online identity verification?

Online identity verification explained: How it works

If you're new to online identity verification, you might be wondering how one's identity can be securely and accurately verified. Simply put, digital identity verification ensures that there is a real person behind a process and proves that he or she is who they claim to be, not someone else. This helps prevent issues like identity theft and fraud.

Unlike in-person transactions, online transactions don't provide face-to-face authentication, which introduces a significant level of risk. Thus, online ID verification is an essential function in many different industries and online services.

There are several different systems used for identity verification online:

• Images and selfies
• Streaming video
• Mobile phone number identification
• eKYC (showing an ID document and one's face live via video before the video is validated)
• Electronic signature
• Biometric facial recognition

Some ID verification methods, like the use of images and selfies, don't comply with the appropriate security standards. In many industries, a more thorough verification process is required.

How an online identity verification service helps

Most companies use an online identity verification service to reduce fraud, maintain compliance with government regulations, and ensure public trust. An online ID verification service simply reduces the manual tasks required for KYC and AML, which improves the organization's efficiency and profitability. It also enhances the customer onboarding experience which improves conversions and overall profitability.

An online identity verification service may use a variety of different methods to verify and authenticate customers. However, it applies to nearly every industry, including (but not limited to):

• Banking
• Online sales
• Apps and platforms
• Customer and user registration
• Government services

Businesses in any of the above industries (as well as others) should consider investing in an online identity verification service. With many purchases, registration systems, government services and more moving online, having the ability to securely and accurately verify individuals' identities online is more important than ever.

Author Resource:-

Emily Clarke writes about identity verification and business verification service. You can find her thoughts at online ID verification blog. To know your customer compliance and more information in this regard, visit the website.