Face Verification, Every business wants to sustain a secure customer onboarding process, but this has been made critical due to digital platforms. Fraudsters have devised new illicit ways of fooling companies using advanced technology. The primary threat an organization has is the people connecting with fake identities. Firms are looking forward to investing in reliable solutions through which they can combat fraudsters and prevent illegal transactions effectively. Biometrics has come to the rescue to resolve all these matters. By enabling the technology of client face verification, businesses will be able to onboard authentic customers while the financial risks are associated with them. It will also check clients against anti-money laundering measures to ensure regulatory compliance.
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Battling Fraudsters with Face Recognition Technology
Face recognition technology has taken over the world with its useful benefits. Not only that, it is considered to be a more secure way of verifying customers as compared to the traditional methods of verification. Multiple organizations are utilizing this as a source of marking attendance for the employees. Any trespassers who could provide harm to the company can be detected efficiently. Online face authentication is a process of mapping out the 3D facial features of a person by scanning which are then converted into algorithms. After this, they are matched with photos already stored in the database which are saved in the form of machine learning algorithms.
Distinctive Features of Online Face Verification
Face recognition is one of the primary forms of biometric identification. Since it’s easy to use, integrate, and is becoming more refined with time to detect all types of identity fraud, major corporations and mobile companies have incorporated the features of facial recognition into their devices. Some of the compelling features of online face verification are as follows:
- Face Matching
A user is confined to looking into the camera attached to an electronic device and taking up a picture or a selfie to match it with the picture pasted on the identity document. It makes it impossible for the criminal to dodge this feature as faking someone’s facial features is too difficult.
- Liveness Detection
The user is asked to move their face for the system to detect minor facial movements such as blick of an eye, smile, etc. The user is required to upload a selfie video if they are using the procedure of the video verification. By pulling out details about the minor facial movements. It makes it hard enough for the fraudster to impersonate an identity.
- 3D depth precision
Once the system registers minor facial details of the user into the digital database, the fraudsters will be unable to devise any loopholes for conducting identity thefts. Since every individual has its unique features, the 3D depth perception will detect the smallest difference during the facial recognition process, causing to detect the identity thefts at the initial stage.
Effective Use-Cases of Face-Based Biometric Verification
Face Authentication at Airports
As airports are used for human trafficking purposes, money laundering, and drug trafficking, passenger security has become a major concern for the traveling industry. Passengers onboarded by using fake documents can be dangerous. To resolve this facial recognition technology has been enabled in the airports to catch fraudsters from escaping in real-time. Moreover, only real clients are permitted to onboard and travel to different locations.
Face Recognition in Banks
Fake identities used for opening an account or executing illegal transactions are the primary acts of deceit carried out by fraudsters in financial institutions. Cases of money laundering are prevailing in banks which can be dealt with by enforcing the selfie verification technology. Uploaders can access their account through face recognition which will save their time. This technology also helps in document verification because a person is identified by this.
Face Identification in E-Commerce Sector
The online sector has faced many challenges especially chargebacks in recent times. Illicit transactions are carried out by using the credit card of someone else to buy harmful products in the retail sector. This problem can be solved by establishing face identification in the e-commerce sector. Before a user checkouts, they will be required to upload a selfie through which their face can be detected and the purchase will be made accordingly. Face Verification
Wrapping it Up
Automation techniques have prevailed in the digital world at a high pace. Client face recognition has numerous benefits for various organizations. Fake identities can get detected instantly before they provide any harm to the business. Moreover, the features of 3D dept precision and liveness detection enables to make it impossible for criminals to impersonate an identity. Face recognition technology helps businesses onboard real clients without the risks of financial fraud in a secure and time-effective way. Face Verification