Identity verification faces various challenges like manual processes, onboarding delays, high costs, and security & compliance risks. These challenges need an automated solution to win customers and have a stronghold in the market.
The solution is “automated identity verification” powered by DigiPay.Guru’s eKYC solution. But, why DigiPay.Guru? How does its eKYC solution automate the process? Why the automation of the verification process is needed?
In this blog post, you will get answers to all these questions. Plus, you will also discover how DigiPay.Guru’s digital KYC solution can help you achieve it.
So, roll up your sleeves and let’s begin with the need for automation.
The need for automated identity verification
Hands down. Customers want convenience! And as a business serving them directly, you need to take care of them. The traditional customer onboarding process is inconvenient and leads to many challenges.
To overcome these challenges, automation comes into play! Here’s why an automated identity verification process is a must:
Streamlined onboarding process
Automated digital identity verification can streamline the onboarding process for your customers.
It eliminates:
- Tedious paperwork
- Manual document checks, and
- Lengthy waiting periods
With AI-powered advanced technology, you can onboard new clients in seconds and provide a seamless user identity verification experience.
Adherence to regulatory compliance
Ensuring compliance with ever-evolving rules and regulations in this competitive market is a constant challenge.
Automated identity verification offers:
- Automated KYC and AML checks
- Seamless adherence to security standards, and
- Prevents fraudsters entering the system
By staying fully compliant while onboarding customers, you can minimize the possibilities of unnecessary fines and reputational damage.
Enhance security measures
Automated KYC verification enhances security with its advanced capabilities:
- Eliminates potential for human error in the verification process
- Incorporates biometrics and multi-factor authentication
- Uses machine learning to detect suspicious activities and patterns
- Utilizes encryption and security protocols to safeguard sensitive and more…
By implementing these advanced security features, you can safeguard your business and clients from the growing threat of fraud and financial crime.
Minimize human errors
eKYC solutions make the entire process automated. This cuts down all the manual processes that are prone to errors and can lead to heavy penalties & costs.
This makes the customer identity verification process more:
- Fast
- Simple
- Effective, &
- Cost-efficient
Moreover, It not only enhances the accuracy of your onboarding but, also frees up your team to focus on more strategic initiatives.
Smoother customer experience
Customers today expect a seamless and efficient onboarding experience. A seamless experience motivates them to keep coming back to you and builds trust & customer satisfaction.
So, an automated identity verification solution is perfect for your business. By automating the process, you can:
- Provide your customers with a frictionless journey, and
- Reduce the frustration and delays often associated with traditional methods.
Cut down costs and decrease onboarding delays
An automated identity verification process with identity verification solutions can cut down costs and minimize onboarding delays effectively.
It can reduce costs by implementing:
- Prе-KYC Chеcks
- Dynamic Friction
- AI and ML
- Adherence to compliance standards
Plus, it can decrease onboarding delays with:
- Strеamlined idеntity vеrification
- Real-time AML & KYC screening
- Data extraction and auto-fill forms
- Risk-basеd authеntication
- Audit trails for compliancе, and
- Cloud storage
Efficiently automating identity verification process with DigiPay.Guru’s eKYC solution
Now that you know all about why automated identity verification is needed, you must know which solution will be best for implementing this type of verification into your system.
With DigiPay.Guru’s eKYC solution’s advanced features and capabilities, you can efficiently automate the entire identity verification process and make your business more effective, fast, seamless, and secure.
Here’s how:
Automated document and address verification
With DigiPay.Guru’s robust feature of automated document verification, you can streamline your identity verification process. It authenticates and validates the documents uploaded by the users in seconds and with high-end security:
- Real-time results
- Intelligent OCR Scanning
- Unmatched fraud prevention
- Accurate document validation
The advanced features of document verification software include:
Document validity check: It determines the type of user identity document such as a driver’s license or passport, and more.
Document format support: It can classify and support any kind of document format such as PDF, doc, and more.
Document expiry: It can check and determine whether the uploaded document has expired with date verification
OCR-powered engine: The intelligent OCR-powered engine can accurately extract all the necessary data from the document
Apart from that, the address verification adds more security when validating the documents and it's all automated. With address verification, you can offer seamless customer onboarding and boost security & trust by effortlessly verifying addresses:
- Instant address verification
- Global address coverage
- Advanced verification techniques
- Customizable verification rules
It offers all the features that a document verification solution offers. Plus, ensure that the users onboarded on the platform are legitimate and not impersonation/fake/fraud.
Real-time identity checks
DigiPay.Guru's digital KYC solution provides real-time identity checks and enables you to onboard customers quickly and efficiently.
By integrating with various data sources and databases, the system can instantly verify the authenticity of a customer's identity This reduces the risk of fraud and streamlines the overall onboarding experience.
Liveness detection with face verification
DigiPay.Guru’s identity verification software offers advanced features of face verification. It advanced the feature of liveness detection to verify customer identities almost instantaneously.
You can offer frictionless and secure onboarding with automated face verification. This way you onboard only real customers, and give accurate results, with its advanced identity verification tools.
- Results in seconds
- Facial liveness detection
- Anti spoofing checks
- Fake image detection
- AI mapping techniques
- Bypass attacks detection
- Microexpressions analysis
- Human face attributes analysis
Its advanced features include:
Liveness Detection: Capturing live biometric data & analyzing micro-expressions, blinks, and gestures to confirm real face.
3D mask attack detection: Detecting spoof attacks that use 3D masks made of silicone, latex, plastic, cloth, and more.
Presentation attack detection: Identifying spoof attacks presented to the camera - 2D printed photo, cut-out paper mask, & hi-res digital photo/video.
Configurable confidence score: Providing a confidence score between 0 - 100 for adjustable security levels based on your use case.
Seamless integration with existing systems
With DigiPay.Guru, you can seamlessly integrate our advanced eKYC solution into your existing systems and infrastructure.
Plus, it can reduce technical barriers, streamline the eKYC implementation process, and elevate customer onboarding for your business:
- SDK Support
- API Integration
- Plug-and-Play Modules
- Standardized Protocols
- Developer-Friendly Documentation
- Compliance with Security Standards
Advanced security features
Apart from that, DigiPay.Guru offers advanced security features like 2FA, Dynamic consent verification, eIDV, and EDD to ensure that your business and customers are always secure.
These features can prevent fraud by identifying suspicious activities in seconds. Here’s a simple breakdown of how these features do it:
2-factor authentication (2FA)
Strengthen the identity verification process in real-time, securely onboard customers with OTP verifications, and give zero account access to attackers with 2FA.
Dynamic consent verification
Access the power to adjust user consent via unique identifier numbers as proof of possession to prevent malicious actors from predicting or manipulating the verification process.
eIDV
Real-time digital verification with the financial data accessed by integration with banking apps. Integrate government databases to cross-reference the identities and ensure compliance.
Enhanced due diligence
The holistic process of in-depth verification is created with tailored questionnaires on risk factors, regulations, and compliance needs. It supports multiple answers to gather diverse information.
Conclusion
Digipay.Guru is one of the leading identity verification service providers. Our advanced eKYC solution ensures reliable and secure identity verification while onboarding your customers. So, you can enjoy streamlined onboarding, enhanced security, & peace of mind!
With advanced features like face verification, document verification, address verification, AML screening, and more, we focus on automating your identity verification experience securely and efficiently. It is a perfect solution to keep your customers and business secure and stay ahead of the competition.
