Identity Verification and Identity Document Authentication #infographic

Identity checking is critical for financial institutions as well as other companies to determine whether they deal with legitimate customers and partly with due diligence for regulatory compliance.

Such institutions continue to be threatened, among other crimes, by fraud, identity theft and money laundering, especially if they fail to adopt new, strong security measures.

The reputation of businesses and financial institutions can be harmed by fraudulent transactions, leading to loss of sales and distrust of customers.

Companies need to replace old manual checks with more accurate and powerful automated identity verification systems to weed out the bad guys early and easily onboard good customers while implementing new remote identity verification processes.

Knowing their customer's true identity during remote onboarding helps in the avoidance of criminal activity.

The introduction of solutions for innovative identity verification and identity record authentication will boost their performance.

Identity Verification and Identity Document Authentication #infographic

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