The modern world is bringing technological shifts that are ticking out the conventional methods of identity verification. However, criminals still somehow manage to bypass the identity checks and manipulate legit operations. The major issue here is identity theft which deprives legit customers of their rights. Worse comes to worst, criminals get their hands on sensitive data. All these instances are driving conventional verification methods out of the line.
Since traditional verification methods are long gone, biometric recognition is making its way to verification processes. If criminals are using softwares or tools like deep fakes, spoofing, or masks, biometric user authentication will identify them in no time. Therefore, industries including travel, security, and several others are using a biometric security system to verify criminals and restrict their access. This blog covers the industries that are currently using biometric verification services to authentically verify customers.
Industries Using Robust Biometric User Authentication Services
Regulatory authorities are enforcing strict regulations regarding the collection of biometric information of customers. The AI-powered biometric user authentication services are aligned with the laws which minimizes the chances of failure in compliance. Moreover, they grant access to a global database that ensures authentic verification of customers.
According to Shufti Pro News, criminals are sophisticated enough and use digital methods to trick verification processes. However, accurate biometric screening services in place will minimize the chances of criminal threats. It benefits the industries in various ways. For instance, brings accuracy, expels chances of safety threats, consumes less time, is cost-effective, and user friendly. Mentioned below are the areas where biometric identity verification services have taken over:
Security and Verification at Airports and Stations
Every industry including travel is adopting improved travelers’ identity verification. To furnish a hassle-free experience to travelers, agencies are issuing biometric passports. This helps travel industries to seamlessly verify passengers by using on-place kiosks. Therefore, passengers can skip the long queues and get verified instantly. Moreover, it is providing remote verification to passengers through on-site facial biometrics verification.
The AI-powered biometric security system analyzes the background and makes sure that the traveler is present behind the camera. These verification methods are widely used at airports and other stations. This way they increase the workflow and accurately verify the travelers. Here, the process for the verification of passengers is simple and user-friendly. The system asks them to either upload a real-time selfie or video or schedule a live call.
Cashless On-site Purchases
Biometric ID scanning is also replacing traditional payment methods. Previously, the systems asked for a PIN or two-factor authentication. However, digital methods have made the process seamless and more secure. Customers can scan their faces and fingerprint and instantly make a purchase. This way, on-site platforms can also ensure that there is no criminal or minor trying to make an illegitimate purchase.
Digital Banking and Mobile Applications
Criminals often use fake information and forged documents to open accounts, avail government benefits, and apply for loans. They do this in such a believable way that banks are unable to detect them. However, biometric screening is helping banks to secure their operations from threats of cyber as well as other criminals and data breaches. This technology not only places gates in criminals’ way but also provides improved security to customers.
Moreover, biometric identity verification streamlines the verification process in mobile applications. Customers can either scan their faces or fingerprint to access their digital accounts. AI-backed biometrics provides accuracy and authenticity so that banks can meet KYC compliance.
Seamless Criminals’ Verification
Biometric recognition is providing services to authorities responsible for civil safety. The enforcers can verify criminals remotely and keep track of their activities. Furthermore, they can get their hands on offenders that are near to committing a crime. Moreover, facial verification is used by various authorities like the FBI and police departments in Florida, California, and other countries. Shufti Pro Funding indicates that industries are readily adopting biometric screening.
Continuous Monitoring and Record-keeping of Money Transfers
Again, biometric verification helps financial institutions in more than one way. They keep track of customers and especially the ones that may cause suspiciousness. Hence, biometrically enabled transaction monitoring makes the operations more efficient. They further mitigate account takeover, financial crimes, and identity theft risks. Similarly, legit customers won’t have to remember complex passwords and PINs to make transactions. They can scan their face and use their account the way they want.
In the End
Biometric recognition is streamlining the identity verification processes by providing accuracy and authenticity to the industries’ operations. Keeping in view the rise in identity theft, regulatory authorities are enforcing strict regulations. And if the industries fail to comply with set standards, have to face financial losses and hefty fines. Therefore, they should inculcate biometric security systems for customers’ verification before registration.