As technology advances, interactions between businesses and customers are moving online, where remote identity verification is becoming more common, according to IDAnalyzer. Today mobile operators, banks, and other businesses are enrolling and authenticating their clients remotely while ensuring the process is secure, convenient, and compliant with data safety regulations.
Benefits of Remote Onboarding for Businesses
The modern customer needs to access services anytime and anywhere, which is why there is high demand for digital and mobile services. But the growth of digital and mobile services has led to increased identity theft. This is where remote identity verification solutions come in. Remote identity verification minimizes cases of fraud and identity theft, as the technology uses unique traits such as voice, fingerprint, selfie, etc. Here are the benefits of remote identity verification:
- For the financial sector, onboarding new clients and/or conducting financial transactions is easy and takes a few minutes.
- With remote verification, opting out of a mobile subscription now takes minutes compared to physically handling the same process.
- In the medical industry, virtual visits are now possible thanks to remote identity verification.
- In a nutshell, remote identification minimizes fraud cases, and makes otherwise complicated processes easy, fast, and achievable online.
Which Industries Can Benefit From Remote Identity Verification?
Many sectors can benefit from remote identity verification. Some of these sectors include mobile network operators, financial institutions, eCommerce companies, insurance providers, educational institutions, healthcare, to name but a few.
With remote identity verification, it is possible for healthcare practitioners (doctors and nurses) to attend to patients virtually. This has been very helpful especially during the Covid 19 pandemic, as it reduces the risk of spreading the virus by conducting in person appointments. But to ensure trust, the identity verification must be on both sides. The technology also makes handling insurance claims easier.
A few years back, online education wasn’t credible, in part due to insufficient student verification. But today, the e-learning market has grown, and most global universities are now offering online courses. Remote identity verification has made it possible. The technology ensures a student who is sitting an exam is the actual person under examination.
Even before COVID 19 came, many companies had remote staff. This is made possible through remote identity verification. The technology protects business data, by allowing only authorized personnel access to the system remotely. Most companies use biometrics and voice recognition to ascertain the identity of employees trying to access data remotely. Here are some stats showing home working during Covid-19 to check out.
Common Remote Identity Verification Solutions
When it comes to remote identity verification, there are several technologies that an enterprise may implement. Some of these technologies include:
- Fingerprints: Individuals/clients can use their smartphones to capture and verify their fingerprints in a non-intrusive manner.
- Selfie – This where a client or employee uses their smartphone to capture a selfie to pass the detection test. The selfie is then compared to a customer ID photo already provided to the company for identity verification purposes.
- Voice – Some companies use voice patterns for identification. The technology is also known as voice signature. It is one of the most accurate remote identity verification technologies.
With remote identity verification and using the best technologies such as selfies, fingerprints, and voice, it becomes easy to curb fraud cases and identity theft.