Fighting Identity fraud with Document Verification

Fighting Identity fraud with Document Verification

Organizations, financial institutions, e-commerce stores, and airports are required to be sure of their user’s identity to manage theft and to comply with regulatory obligations. In order to fulfill these regulations entities face a problem of lack of resources, the consequence on user experience, and data security. There are many ways in which a person can be trained.

It can be as easy as developing a screen name that looks like the victim’s name then publishing offensive and hurtful remarks while intimating to be sufferer, changing the victim’s online account to incorporate racist comments or other inappropriate things. Identity thefts are rising day by day. Federal trade commission in 2018 about 1.4 million cases of fraud took place, and a quarter of them lost money. $1.48 billion losses were reported.

To answer all of these problems online Shufti Pro document verification seems to be a suitable choice.  It complies with regulatory requirements and provides a safe and seamless customer experience while practicing efficient data security.

The process of document verification in hindering fraud

To control thefts and malicious attacks, financial regulatory authorities such as FINCEN, UN, EUT, etc have set up know your customer (KYC) and anti-money laundering compliances that enterprises are motivated to cohere to. These regulations help enterprises to overlook the proper due diligence of their users. It is mostly achieved by properly analyzing user’s documents to verify their identity and reduce the chances of fraud and malicious attacks. This know your customer (KYC) procedure was mainly done in-person by financial institutions, embassies, or government offices. However, identity verification with the help of artificial intelligence the process is seamlessly done. The businesses can be on computer or smartphone and the enterprise representative can ensure that you are who you are and your identity is not impersonated.

Document authentication using artificial intelligence and machine learning

Artificial intelligence document verification solutions test several elements of identity documents while authenticating the client identity. Any of these inspections include:

  1. Inspections of authenticity

Artificial intelligence and machine learning algorithms ensure that the submitted document is real and up-to-date for verification.

  1. Format identification

Artificial intelligence-based solutions have the identify the exact format of the documents.

  1. Verifying machine-readable zone code

Artificial intelligence checks the authenticity of the MRZ code by assessing if this field has modified or tampered within the document. After assuring the authenticity of the document, Mrz decodes and verifies it against the information on the document.

  1. Detecting folded/crumpled edges

The documents are made of paper consequently they are susceptible to wear and tear. Artificial intelligence systems perform checks to identify crumpled and folded edges on the document that might affect their authenticity.

  1. Identify signs of tampering/fabricating/photoshop

Upon teaching of the up-to-date data, artificial intelligence models become efficient while detecting any signs of photoshop even if it is the slightest change. These kinds of tampered documents are hard to detect with the naked human eye.

  1. Authorizing rainbow prints or holograms

Specific holograms and rainbow prints are contained within government-issued identity documents. Artificial intelligence-based documents verification solutions have the capability to identify any change or forgery in these rainbow prints or holograms.

  1. Verifying the micro prints
    ID documents have microprint as an extra layer of security to reduce fraud and malicious attacks. The artificial intelligence microprinting for verifying documents.

Is document verification an answer to all problems?

The operating system can efficiently transform between all sorts of thefts, illegal and counterfeit documents. Digital document verification saves time and resources allowing the client to authenticate themselves in the comfort of their houses and offices within a few seconds.

Document verification enables it to authenticate users having foreign documents from anywhere around the sphere. Many modern enterprises such as banks, financial institutions, e-commerce stores, airports are using artificial intelligence document verification to prevent theft and malicious attacks. This software not only allows organizations to verify clients but also allows them to comply with the financial regulatory authorities.


Shankar is a tech blogger who occasionally enjoys penning historical fiction. With over a thousand articles written on tech, business, finance, marketing, mobile, social media, cloud storage, software, and general topics, he has been creating material for the past eight years.

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