As everyone’s lives become more online and even more digital, there are even more challenges with proving people’s identities and preventing identity fraud.
Government-issued photo identification and physical identity documents obviously have their place, but how do you quickly and easily prove your identity online?
Digital ID may be more convenient in a day and age where being able to prove your digital identity is a necessity.
Digital identity verification is much faster and more secure overall, so many people are moving to this modern technology for all their identity needs.
What Is Identity Verification Software?
Identity verification software is used by businesses and institutions to prove the identities of their customers to prevent identity fraud for example. Document verification is often quick and easy ranging from facial recognition to confirming phone numbers, and various other identity checks.
Crosscore identity services, EasyID, and Yoti are all digital identity services that are easy to use. Identity verification services should be a painless process! You also have full control over who you share what data with and when with digital identity verification.
What Is Identity Verification Used For?
Identity verification is used to prove a person’s identity, especially if it’s to prove someone’s age (for age-restricted goods like alcohol or gambling for example), travel, or work.
A business needs to use digital identity verification to improve the customer experience if they want to seem more trustworthy as well. Especially if they’re working with money or selling goods. But this is all down to the business in question.
It’s also a step forward in anti-money laundering and financial institutions being able to streamline their identity verification process.
How To Verify Your Identity
Verifying one’s identity has been a thing for a long time, we’ve been able to do this with anything from a passport to a driving license or a physical ID card. But nowadays, using these documents means uploading them online and this is time-consuming, but also not fool-proof.
So this is where digital identity verification comes in! You will be able to verify your identity by using an app that has already confirmed your identity using other sources (as mentioned above). It’s just much more convenient all around, for both consumers and businesses.
What Are The Benefits Of Digital Identity Verification?
The benefits of digital ID verification range from preventing identity theft, protecting virtual currency and preventing money laundering, identity fraud, and fraudulent activity in general and beyond.
A verification process proves the trustworthiness of a customer and is often better than a physical identity document. Passports and such can be bulky, even inconvenient to carry around, so if you have your identity documents on a phone, it’s always with you.
Only you can access your digital identity verification as well, if someone’s stolen your passport or other identities, that could leave you open to fraud. But only you can access your digital ID by accessing it via facial recognition or fingerprints, for example. Meaning it’s securer in the long run!
