No one fully knows who a person is on the internet. That is just how fraudsters want it. The internet’s level of secrecy is posing an enormous problem to authorities, companies, and even customers, who are rapidly becoming targets for bullying, cybercrime, and identity fraud. Selfie verification is helping out in tackling this issue.
More openness, with a stronger focus on identity verification, appears to be the solution. Companies and customers alike must have confidence that the people with whom they communicate and engage in business online are who they claim to be. This is true for everything from social networking sites and digital marketplaces to internet banking apps and digital games.
In response to shifting customer behaviour, identity verification tactics and technology are rapidly developing. Identity verification in a modern online environment must function swiftly and flawlessly across numerous channels while also blending in with a swift online experience.
Role of Biometric Authentication
Biometric Authentication, which involves analyzing one or more distinct biometric attributes to properly verify an individual, is becoming such an important part of ID verification, thanks to the excessive usage of mobile devices that support and allow biometric software. According to Statista, 3.2 billion people use mobile devices, which makes up 41.5% of global smartphone usage. Furthermore, video chat Id verification has now also become a popular need these days.
Companies must be able to authenticate new consumers’ identities throughout the digital customer onboarding process. But they must also deliver a speedy and straightforward experience. Poor digital onboarding processes are becoming increasingly intolerable. Businesses risk losing clients and revenue if they don’t get it right. If organizations can provide a simple frictionless, and safe account creation experience. They will set themselves up for long and profitable client connections.
It’s no surprise, however, that the selfie is gaining popularity as an easy and quick means for customers to confirm the legitimacy of the papers they’ve supplied. Selfies have become part of our routine to us.
Identification Process with Selfie Verification
NatWest was the very first big market bank to allow consumers to create accounts using a selfie couple of years ago. It was no longer necessary to visit a bank, mail identification documents, or wait for a couple of days for the registration process to be finished. Alternatively, the consumer uploads a selfie as well as picture identification, such as a passport, to prove their identity. In today’s world, it’s far more frequent. Monzo bank allows bank opening by asking their customers to send a brief video stating, “Hi, my name is [your name], and I want a Monzo account.”
Identity Proofing and User Authentication
It’s critical to recognize the numerous achieved balance between security, hazard, reliability, convenience, and cost when choosing biometric-based identification systems for compliance and cybercrime protection. With modern innovation, achieving the amount of security necessary for a specific use case while offering adequate results for the other factors is now routinely possible. It’s all about evaluating the amount of risk and meeting system specifications to that level, just like any other risk-driven strategy.
It’s also worth noting that authentication occurs after digital onboarding and identity verification; in order to authenticate a person, companies must first verify their identification to ensure that they’re onboarding a genuine person.
There are three major elements a person needs for authentication:
- If something a person knows (like a passcode)
- something a person possesses (document or smartphone)
- something that a person is (biometrics)
To achieve the maximum NIST security criteria, multi-factor authentication (MFA) with two of the three methods authenticated is enough. This criterion is in line with Strong Customer Authentication guidelines (SCA).
Take A Selfie
Biometrics, thankfully, can be used for user identification. Companies can verify the authenticity of a person’s identification document by cross-matching the document’s picture to a different picture (selfie) of the client. Because the individual fits the identity, that means they are the real owner. So it is safe to say that, digital methods eliminate the need for in-person identification verification.
Face-based biometrics are included in the identification process to provide a reliable, secure, and regulated verification system. Taking a live image of the person with the mobile camera and matching it to the ID picture can assist filter out even the most cunning of criminals. The journey is easy for the customer as well. Take a photo of the identity document, take a selfie, and complete.
The Level of Security
While certain business use cases may not necessitate the maximum degree of protection and security. They all require adequate protection to verify that the account’s true owner is completing the specified actions. It becomes unusable, though. If firms implement systems that are burdensome and time-consuming for customers, or if they risk losing customers. Danger and usefulness, efficiency and security all have to be balanced.
This is why current cell phones are game-changers since they possess strong biometric technology. Authentication has been affordable for mass audiences by integrating possession of a mobile device (something the client owns) with a biometric (something the client is).
This is why face verification with selfies has become so popular for identity verification. They provide an additional degree of protection and reassurance. That is distinct to each user and is extremely secure when paired with other kinds of IDs. So, if we believe the significance of the selfie has been proven on platforms. Moreover, these can be Instagram, imagine how significant it will be in the domain of Identity verification.
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