January 18, 2017 -
The company’s ID Verification enables customers to scan their picture ID remotely on their device to validate legitimate IDs, flags counterfeits, and provides a trust score in real time.
According to the company, the service helps to comply with anti-money laundering (AML) and Know Your Customer (KYC) regulations by providing a consistent, seamless and integrated method of verifying ID documents (drivers licenses or passports) across a range of customer service channels, such as online, face-to-face, ATM or mobile app.
In a face-to-face scenario, such as opening a bank or mobile phone account, the customer representative will use a tablet to scan the customer’s ID.
The system then verifies against a database of document templates from 180 countries to validate the ID’s authenticity, data consistency, and ID security features.
In a self-service scenario, customers initially scan their driver’s license or ID and then take a selfie.
Using facial recognition, the system verifies that the picture on the card matches the selfie. If the two images match, the system will automatically fill out the name, address and other fields in the bank’s online forms.
“This solution is being deployed commercially in response to global AML and KYC regulatory compliance needs,” said Bertrand Knopf, senior vice president of secure transactions for North America at Gemalto. “Banks and MNOs now have access to the same level of document verification technology governments around the world have been using, that we adapted to work across all customer channels, face-to-face, ATM, mobile or online.”
The award was presented by Dr. Ann Cavoukian, former Information and Privacy Commissioner of Ontario and now executive director of the Privacy and Big Data Institute at Ryerson University.