Three new biometric facial recognition offerings announced for remote customer onboarding
A trio of new biometric technologies have been released to serve the growing market for digital identity, which Goode Intelligence recently forecast will reach $15 billion by 2024.
Keesing Technologies has launched a new biometric onboarding solution to beta for remote customer ID verification with facial recognition.
The new solution is part of the AuthentiScan product suite, and is now available as a webAPI for testing. Keesing developed a user-friendly process with guidance to help users correctly capture ID document images, according to Keesing Technologies Managing Director Mike Krechting.
Biometric verification was added to the AuthentiScan software last year, and the company says the majority of its clientele is made up of financial services organizations, with know your customer (KYC) requirements.
“In spite of their efforts to implement digital onboarding processes as stated in the EY report, many banks and other financial institutions are still dealing with dropout rates as high as 80 percent,” comments Krechting. “Making this process as easy and efficient as possible is essential for the success of our customers.”
Customer authentication and onboarding provider Konfirmi has announced the launch of an automated customer verification application for websites and mobile apps with two factor authentication (2FA) options including true age verification, selfie ID photos, video ID selfies and other verification methods.
Konfirmi CEO Holly Urban verifying customers is becoming increasingly important as more processes move online.
“You can get Konfirmi fully set up in under 5 minutes, making customer verifications easy, affordable and secure. You are also able to adjust the verification parameters to suit the specific needs of your business,” Urban says.
The company says its technology can be integrated with practically any online store or application or phone-based application in minutes.
IDnow has launched an automated biometrics and artificial intelligence-powered online identification service for fast and easy customer identity verification.
The new AutoIdent service captures information automatically from passports and other identification documents to complete forms, captures machine-readable and non machine-readable parts of the document, checks visual security features, and performs facial recognition and liveness detection with a video. IDnow uses a hybrid technique with AI and machine learning along with human identification specialists to ensure high efficiency and accuracy, according to the announcement.
“AutoIdent is a highly efficient product that offers the user the maximum safety and, at the same time, shorter cycle times. This solution is intended for many industries which want to offer their customers up-to-date digital processes and to meet the highest demands in terms of safety,” says Andreas Bodczek, CEO at IDnow.
The company says it is up to more than 250 customers, including well-known businesses like N26, Commerzbank and UBS, and its technology meets a wide range of regulatory requirements from different countries, including GDPR.
IDnow was recently chosen to provide biometric remote customer onboarding by German insurer Provinzial NordWest Group.