Have you read our previous posts regarding why photos are widely used in the online identity verification process? This makes the KYC process simple and easy for people who need the verification can access without difficulties.
1.Why It's Called Identity Verification, not Identification?
2.Selfie Verification and ID photos for KYC
Now, we have come to the conclusion and to our last point on why comparing selfie face photo to ID photos work strongly as a tool to verify identities.
World Wide Usage Device - SMARTPHONES
According to Statista, the current number of smartphone users in the world today is 6.378 billion. This means 80.69% of the world's population owns a smartphone. The number is likely to increase to 7.516 billion by 2026. This is the highest number as a single device for a personal carriage.
Features such as fingerprint or iris recognition can vary by the version of the phone and the manufacturer. Although the features of smartphones change and get upgraded, a few features do not change: touch screen, camera, and access to the internet.
Due to the high dependency on the device, although iris and fingerprint are considered to be a stronger tool in terms of security and accuracy, numerous online KYC service providers still prefer face recognition. Therefore, in order to provide a high onboarding rate, online identity verification service providers including ARGOS KYC are using facial recognition.
Essential Features of Smartphones
As smartphone has 1) touch screen, 2) camera, 3) access to the internet no matter what kind of model?, global identity verification solution providers like ARGOS KYC can support global access.
Therefore, wherever in the world, ARGOS KYC can let people on board for the online KYC procedure. Identifying potential customers' identities has become easy but also reliable with online KYC services. When there is a smartphone with a camera, it's possible. It's because the KYC procedure is really simple: 1) take a photo of the ID card and 2) take a selfie. Facial recognition enables one to identify anyone at any time anywhere.
WHY ARGOS KYC?
ARGOS KYC provides a simple and seamless onboarding experience for identity verification using AI technologies. Build your identity management system around your business and offer your users a smooth and hassle-free KYC experience. ARGOS KYC can verify over 1,600 ID types from more than 210 countries.