Reputation is incredibly important for businesses and organizations of all sizes. Trust is more important than ever before as consumers actively seek out businesses and organizations they can rely on.
Identity verification ensures that there is a real person behind a process and proves that one is who he or she claims to be, preventing both a person from carrying out a process on your behalf without authorization, and creating false identities or committing fraud.
Automatic Identity Verification simplifies the customer experience. This not only significantly decreases the enrollment time thanks to the digitalization of the data capture, but also assures the verification of customer identities.
In this ever-riskier world, exercising such due diligence is vital. With the threat of identity fraud looming even greater than before, organizations need to have the most thorough and risk-conscious verification procedures in place to ensure that the potential for fraud is as minimal as possible.
Being able to verify a customer or service recipient’s identity quickly helps to safeguard everyone involved and cements that all-important trust in your brand or organization. Timely data verification ensures that data gathered is as accurate as possible, and minimizes human and instrument errors.
Deploying ID Verification services can also help to reduce fraud for MNOs. Document verification reduces identity theft and subscription fraud by identifying fraudulent documents in advance.
Furthermore, performing ID verification checks in front of customers was found to have a dissuasive effect on fraudsters and has therefore discouraged many attempts.