Interacting with customers is more fun than ever. Likewise, the customer identification and verification methods were digitized. First, companies must make appointments with customers to confirm their identity. This involved a lot of paperwork, which consumed a lot of time and resources.
Then, the Biometric screening system offers easy remote control. Companies can verify a customer’s identity through online software. With this method, companies only need a customer identification test and direct photos to successfully complete the KYC process. Most problems are solved using an automated KYC system. This process has also been modified to verify the video interview. In a live video verification, a KYC expert interviews customers and oversees the verification process.
KYC controls financial institutions. It eliminates many criminals and fraudsters from the industry. However, as the security situation changed, fraud became more serious. Retailers are adding biometric licenses as secondary protection against this KYC solution.
What Is Biometric Consent Verification?
The process by which a Customer’s request or license is required to process the Customer’s request or service is called a Confirmation Agreement. However, verification of biometric agreements includes document verification, biometric identification, and licensing.
Reduces the risk of fraud in biometric verification
The 20th century is the era of technology. Looking back a few years ago, what was once thought to be the “future” is now “new normal.” Unlocking faces with keys, eating robots, and paying invoices with a smile are no longer science fiction innovations thanks to artificial intelligence. The pace of technological development is exciting and frightening.
Biometric Consent Verification: Process Explained
Let’s take a look at the biometric verification process of consent:
- The look is accomplished by recognizing the selfie image and the image on the ID card.
- Document data was consistent with the biological information provided to customers
- The client is informed of timely scanning results (evidence or validation)
- Customer ID verified before customer presence
- An image of the ID card, such as a driver’s license, has been uploaded for confirmation.
- Submit your photo with confirmation
- Customers are included on the company website or in the mobile application.
- Fill out the bioform, provide the company with personal or financial information, the data is entered manually at this stage.
Types of Biometric consent verification:
Confirmation of biometric user authentication is the most comprehensive evaluation method. Alternatives are discussed below:
Authorization Agreement and Email Verification Email verification is used at the same time. The link will be sent to the email address provided by the customer. Clicking on a URL can be understood as user consent. Also, make sure your email address is saved. When a user logs into an account on the education website. You will need to open a link to create an account. This email is currently being used for future communications.
This is the most common form of online forum approval. Here, the customer must select a check box or popup notification to indicate approval. GDPR requires a license statement to identify the company’s policies and conditions. Customers should be free to contact or not to make contact. The checkbox is the most common approval box where the policy is written on the site and finally “I Agree”.
This permit is usually issued by a local bank. For example, the bank clerk must sign the withdrawal check. Bank officers check these lists manually. It includes examining the facts of the case. In law, these procedures are used to sign contracts and other legal documents. Before the contract is signed, there is no need to sign. But it was seen as proof of involvement.
The methods mentioned above that are used for verifying users are not subject to error; they all have certain deficiencies. The signature can be easily copied, which can result in financial loss for the customer. The consent box does not read the customer’s policy in its entirety. If something goes wrong with the policy, the customer cannot sue the company but can pass it on to the competitor.
This further reduces the level of customer satisfaction with holiday rates. All issues are resolved by verifying the biometric consent. It also provides proof of commercial agreement. Identity verification reduces the chances of spammer attacks. This allows the company to process customer requests more efficiently.