A Global Identity Verification Solution with Customizable Options
A Global Identity Verification Solution with Customizable Options
Even when conducting KYC verification for virtual asset businesses, there are cases where identity verification does not proceed properly.
Today, we will look at ways to prevent such cases in advance.
In the previous content, we examined cases where the resident registration number was not visible in the physical ID photo, leading to the assumption that eKYC was not properly conducted.
In fact, such cases can occur even if the virtual asset business does not intend them. Why is that?
Why an End-to-End Comprehensive Authentication Solution is Necessary – From Accurate eKYC solution to Post-Processing
1. Use of Inaccurate or Counterfeit Identity Information
Some users attempt to open accounts using counterfeit IDs or stolen personal information.
Even if OCR (Optical Character Recognition) or AI verification has a high accuracy rate, it can still be difficult to detect sophisticated forgery techniques.
There is a risk that identity verification may fail due to inaccurate identification documents (e.g., outdated IDs, blurry photos, etc.).
2. Creation of Multiple or Duplicate Accounts
Some users try to bypass identity verification by creating multiple accounts.
They may pass only a specific verification step and then avoid additional verification.
By using technologies such as VPNs and proxies, the same individual can create multiple accounts, hide, or change their connection location.
3. Lack of Liveness Detection
Some virtual asset businesses conduct identity verification using only ID verification without applying Liveness Detection (real-user verification).
Even if facial recognition is in place, advanced Deepfake technology can potentially deceive the system.
4. Insufficient AML (Anti-Money Laundering) and Continuous Customer Monitoring
Even after identity verification is completed, businesses must continuously monitor customer activities. However, many businesses fail to do so.
If there is an inadequate system for detecting high-risk transactions or suspicious accounts in real time, identity verification alone cannot filter out fraudulent users.
Additionally, in certain countries with lower regulatory standards, businesses may perform only basic KYC procedures or conduct identity verification only at the initial registration stage without additional verification.
ID check with Customizable Options! - Accurate ID Authenticity Verification through eKYC
The accuracy and speed of the KYC (Know Your Customer) process are essential factors for financial institutions and virtual asset businesses.
Traditional KYC procedures take a long time, and there is a risk of inaccurate data entry and verification errors due to manual input processes.
However, by utilizing eKYC, real-time ID verification and user authentication can be performed, effectively solving these issues.
ARGOS’s ID check provides a powerful identity verification solution based on eKYC, enabling businesses to conduct KYC procedures more safely and efficiently.
Since each ID document has different verification requirements, simple OCR (Optical Character Recognition) alone is insufficient for accurate authenticity verification.
ARGOS ID check applies AI-based advanced authenticity verification and Liveness Detection instead of mere text recognition, effectively blocking ID forgery and fraudulent use.
Additionally, many companies, when implementing KYC procedures for identity verification, choose to purchase and integrate multiple separate engines that provide functions such as ID authenticity verification, facial recognition, and Liveness Detection.
✅ Increased Cost Burden – Purchasing separate engines results in high initial setup costs, along with additional maintenance and update expenses.
✅ Difficulty in System Integration – Connecting different engines into a single process requires significant development resources, and incompatibility issues can cause technical problems.
✅ Increased Operational Complexity – Deploying multiple separate engines requires individual management, leading to increased workload for the operations team and decreased overall efficiency.
When businesses opt to purchase and integrate separate engines, they face these risks. However, ARGOS provides a comprehensive suite of technologies and services for remote identity verification, allowing businesses to reduce costs while quickly adopting the service.
A Perfect Digital Identity Verification Process with Manual Review Support
ARGOS utilizes a scoring function and a comprehensive evaluation algorithm (ARGOS SCORE) to identify issues and conduct AGENT reviews.
ARGOS supports manual reviews based on evaluation results, such as rejecting cases where the resident registration number is not visible to the naked eye.
ARGOS SCORE enables all processes to be handled on a single platform, eliminating the need to purchase or integrate separate SDKs, engines, algorithms, or verification systems.
Through a single streamlined process, every step of identity verification is automatically processed, ensuring complete data validation.
This process is designed to be as simple as possible, reducing the development resources required for businesses. It minimizes maintenance burdens and enhances operational efficiency, allowing companies to quickly resolve issues and focus on their core business.
Additionally, by using an integrated algorithm, ARGOS enhances security by rejecting authentication if all fields are not properly verified, effectively preventing fraudulent document submissions and unauthorized activities.
Since ARGOS SCORE optimizes performance in real time, every step—from data processing to field verification and result retrieval—is conducted in real time, ensuring fast and accurate authentication.
As seen in this case, inaccurate KYC procedures can damage a company’s credibility and lead to regulatory violations.
ARGOS’s ID check provides an eKYC-based identity verification solution to help virtual asset businesses and financial institutions establish reliable KYC systems.
If you are looking for a safer and more efficient identity verification system, ARGOS ID check is the optimal solution.
