With more and more users on online platforms, the risk of fraud and identity theft has also been substantially increased. Approx 70% of the country is involved in online banking which anyways increases the risk of identity fraud.To protect customers, businesses including banks and financial institutions from this fraudulently, digital document verification is essential.

Digital document verification is a process where technology is used to scan and validate documents such as IDs, passports, visas, or other official documents. It helps to protect the identity of the owner and ensures that the data in the documents are accurate. Digital verification process involves various methods that companies can adopt according to their needs.

The main objective of digital document verification is to enable a secure and efficient way of verifying an individual’s identity in a digitalised world.

Various types of Document Verification

Identity Document Verification – This refers to verifying the identity or authenticity of an individual through government-issued identity documents, such as aadhar card, passport, PAN card, etc.

Address Verification– This refers to verifying an individual’s address that they have submitted for government records.

Educational Verification– This refers to verifying the educational background of an individual through their credentials, such as degree and certifications.

Employment Verification– This refers to verifying an individual’s employment history through documents from their past companies. It is done to check if the employee was involved in any criminal records.

Financial Verification– This refers to verifying the financial information, such as the income and credit history of an individual. It is done to assess their creditworthiness or ability to repay loans.

Medical Verification– This refers to verifying the health habits of an individual to assess if they are suitable for different job roles that involve health check-ups.

These are some common types of document verification required to protect from fraud or criminals. This may vary from organization to organization.

How does Digital Document Verification work?

1. Image Capture: The digital image of the document is captured using a smartphone, scanner, or other electronic device.
2. Data Extraction: The image is then processed to extract relevant information, such as the document number, expiration date, and the individual’s name and photo.
3. Verification of Data: The extracted information is compared to a database of authentic documents to verify its validity. This step can include a combination of manual and automated checks, such as biometric comparisons, document validation algorithms, and cross-referencing with government databases.
4. Authentication-Results: Based on the results of the verification process, the system returns an authentication result indicating whether the document is authentic or not.

Here is why you should consider Digital Document Verification

• Digital document verification helps prevent identity fraud and ensures the authenticity and validity of official documents.
• This process is convenient as it reduces the need for physical verification of documents, and gives faster and more efficient results.
• Digital Verification enhances accuracy by automating the verification process and reduces human error.
• Digital Document Verification increases accessibility for individuals especially for the disabled or people who live in rural areas.
• This process is also cheaper than our traditional method of document verification

Digital Document Verification is an important tool in the fight against fraud and can help detect fraudulent activities by verifying the authenticity of the document and the identity of the person presenting it.