quora
Read More about fast-id page

Shufti globally launches webinr-icon - a new kind of identity solution!

Shufti globally launches - a new kind of identity solution!

Read more

5 Ways Face Recognition Will Become More Prevalent in 2023 and Beyond

b-img-deep

During the covid pandemic, many businesses updated their access control systems to facial recognition technology. This has become pivotal in decentralised environments whereby companies are responsible for improving workforce safety in less populated workplaces.

The facial recognition market is growing as forward-thinkers look to enhance physical safety and access control systems in the coming years. The market value of the face verification market was $4 billion in 2020 and is expected to double by 2030.

Diving Deeper into Facial Recognition

Facial recognition is an AI-powered technology that uses facial features to identify that the individual is who they say they are. It simplifies identity verification and significantly reduces spoofing attacks, deep spoofing, 2D and 3D face masking, and replay attacks during customer onboarding.

Today, machine learning facial recognition technology has become more widespread as biometric verification has been implemented by banks, credit card firms, and digital platforms. Even Major League Baseball has utilised it to keep itself safe from any kind of identity theft and data breaches.

As companies, individuals, and governments continue to grapple with the implications of pervasive technology, five emerging trends will shape face recognition in 2023 and beyond.

1. AI Enhances Capabilities

Becoming more rampant within the technology industry, artificial intelligence (AI) is already augmenting many existing types of software, services and tools.

Due to the use of AI in face verification, access control systems will become faster, more versatile, and smarter in the future. For example, AI enables face verification technology to incorporate video authorisation, multi-factor authentication, and other features to enhance safety and security.

2. The Convenience of Face Verification 

Many business owners try to balance safety and convenience and they often end up accommodating one and risking the other. However, variations in leadership cause a number of outcomes when it comes to harnessing the power of advanced technology. For example, many C-suite executives think that whilst implementing any advanced technology, their business focuses on the demands of society, however, only a few employees may agree with this.

Whilst securing physical spaces, it is necessary to use verification services that do not impact the user experience. Physical identification solutions like badges or magnetic cards can be stolen, lost, or damaged, disrupting the user experience. This issue will be resolved with face verification, allowing people to enter the right place with minimal hassle.

3. Face Recognition Protects the House

Door cameras and home security systems are becoming more common. Facial recognition will improve this system, allowing people to get more functionality than before. For example, face recognition technology could be incorporated with home automation applications for announcing front door arrivals and remote residential access.

4. New Data Makes the Personal Assistant More Intuitive

AI-enabled personal assistants like Alexa, Siri, and Cortana have now become more adept at performing simple tasks such as writing text messages, scheduling calendar appointments and playing music.

However, these assistants become more responsive and personalised when they are paired with face verification technology, making them a realistic and practical alternative to existing robotic iterations. These technologies could be trained to notice emotions and other reflexive social cues, making them more conversational.

5. Face Verification Keep Hackers at Bay

Face recognition technology is usually used to facilitate the most significant interactions like platform logins, digital payments, and in other secure areas.

In this digital age, where Personally Identifiable Information (PII) is easily available on the dark web, face recognition is a great solution. It protects people’s identities as they navigate through physical and digital spaces. Passwords and other credentials are stolen or misused, and the identity of the person can not be, making face verification a promising solution to increase the security and privacy of individuals. Of course, these technologies must be accompanied by privacy standards, but the overall benefits to user security are worth exploring and refining this complex process.

The Future of Face Verification

Protecting physical and digital spaces have become more important due to the increasing number of cybercrimes in this age of digitisation. Thus, biometric authentication like facial recognition will play a crucial role in this ever-changing regulatory landscape.

According to a 2021 survey conducted by industry professionals, results showed 53% of respondents firmly agree that biometrics may play a crucial role in enabling digital identities. The same considerations apply to physical space, and when Apple introduced Face ID in 2017, it proved that it wasn’t the only smartphone manufacturer that could change the security landscape. On the other hand, facial recognition expands its case and capabilities, making it a technology worth researching and considering today for tomorrow’s challenges.

What Does Shufti Bring to the Table?

Feeling concerned by the growing threat of identity theft? Worried about how to tackle it? Well, Shufti are here to help.

Shufti could be your top choice when choosing an online facial recognition system because it offers hassle-free integration, uses artificial intelligence to protect against facial spoofing attacks, and even provides real-time verification. With a presence in 230+ countries and territories, and supporting 150+ languages, Shufti’s face recognition solution is ideal for businesses worldwide.

Still, confused about how Shufti’s face verification solution keeps businesses safe from fraudulent activities?

Talk to us

Related Posts

Blog

Trade-Based Money Laundering – How Shufti’s AML Screening Solution Helps

International trading instruments have significant features that are making them potentially attr...

Trade-Based Money Laundering – How Shufti’s AML Screening Solution Helps Explore More

Biometric Technology, Blog, Online Marketplace

Face Verification Becoming Vital For Travel Industry

Over the past few years, biometric technology has become increasingly mainstream. This is due in ...

Face Verification Becoming Vital For Travel Industry Explore More

Blog

The Importance of KYC Remediation to Prevent Financial Crimes

If we talk about financial institutions including banks and their processes, one can freely argue...

The Importance of KYC Remediation to Prevent Financial Crimes Explore More

Blog

KYC in banking: How American banks can fight identity thieves?

In the present globalized, fast-evolving sphere, revolutionizing KYC (Know Your Customer) is cruc...

KYC in banking: How American banks can fight identity thieves? Explore More

Blog

How to protect your online gaming platform from ID frauds?

Gone are the days when online gaming was only restricted to LAN parties. With the development of ...

How to protect your online gaming platform from ID frauds? Explore More

Blog

Top 10 Cybersecurity Trends for 2021

Cybersecurity in 2020 became the biggest challenge thanks to the COVID-19 pandemic. Global lockdo...

Top 10 Cybersecurity Trends for 2021 Explore More

Blog, Business Technology, Identity & KYC

6 Digital Solutions for Banks to Help with KYC

Digital KYC: For banks, streamlining the customer onboarding is essential. The manual way of ente...

6 Digital Solutions for Banks to Help with KYC Explore More

Blog

40 Surprising Facts and Statistics About Money Laundering [2021 Update]

Combatting money laundering is one of the top-tier challenges when it comes to the regulatory reg...

40 Surprising Facts and Statistics About Money Laundering [2021 Update] Explore More

Blog

5-Steps to Improve Customer Due Diligence Process

The digital age has witnessed a new wave of financial fraud. It is estimated that $4.7 trillion o...

5-Steps to Improve Customer Due Diligence Process Explore More

Blog

Enhancing Workplace Safety: The Role of Employment Screening

 Recruiting new hires can often be a daunting task, as it is a time-consuming and work-i...

Enhancing Workplace Safety: The Role of Employment Screening Explore More

Blog, Identity & KYC

What are the Different Types and Solutions of ID Verification?

Customer identification is not an option for some businesses, it’s a must. Ignoring due diligence...

What are the Different Types and Solutions of ID Verification? Explore More

Blog, Fraud Prevention

What is Loan Fraud and How to Detect it?

Loan fraud simply means when someone uses your identity to illegally obtain a loan. The crime has...

What is Loan Fraud and How to Detect it? Explore More

Blog

5 AML Compliance Trends for 2023 – New Regulations and Technological Advancements

From digital payments to new regulations on preventing fraud and FINRA’s guidelines on penalising...

5 AML Compliance Trends for 2023 – New Regulations and Technological Advancements Explore More

Blog

On-Premises Identity Verification – A Solution to Prevent Data Breaches

From virtual modes of communication to digitised solutions for operating efficiently, the perks o...

On-Premises Identity Verification – A Solution to Prevent Data Breaches Explore More

Blog

Top 5 Reasons Why Businesses Need Transaction Monitoring Solution

Companies are moving towards digitisation, meanwhile, cybercriminals are mastering the art of exp...

Top 5 Reasons Why Businesses Need Transaction Monitoring Solution Explore More

Blog, Business Technology, Identity & KYC

The Reason Why Companies Painstakingly Screen Customers

Remote identity Proofing:  generally believe that more customers bring more revenue. But that is ...

The Reason Why Companies Painstakingly Screen Customers Explore More

Blog

Facial Biometric Authentication for Online Dating Platforms – Building Trustworthy Relationships

Online dating apps have altogether transformed the concept of socializing, and people are now int...

Facial Biometric Authentication for Online Dating Platforms – Building Trustworthy Relationships Explore More

Blog

Holiday Season Scams – 5 Ways Identity Verification Can Help You

The holiday season brings in a lot of joy and harmony for everyone. From thanksgiving to new year...

Holiday Season Scams – 5 Ways Identity Verification Can Help You Explore More

Blog

Open Banking Trends & the Vitality of Identity Verification

With rapid digitisation, open banking is becoming the new normal in the banking sector. Open bank...

Open Banking Trends & the Vitality of Identity Verification Explore More

Blog

Leveraging Age Assurance for Data Privacy and User Protection

Online age verification has gained great attention in recent years since many minors have been se...

Leveraging Age Assurance for Data Privacy and User Protection Explore More

Blog

5 AI-Powered Products to Boost Digital Experiences Post Covid

If there’s one thing financial institutions understood within the first year of global shutdowns ...

5 AI-Powered Products to Boost Digital Experiences Post Covid Explore More

Blog

Supplementing blockchain with KYC offers endless possibilities

While you may be tempted to think that decentralized and anonymous blockchains are safe because t...

Supplementing blockchain with KYC offers endless possibilities Explore More

Blog

Infographics

To develop a simple and easy understanding of e-KYC and the role played by Shufti’s digital i...

Infographics Explore More

Blog

E-Signature | Digitise and Verify Agreements in Compliance

The use of electronic signature, or e-signature, has transformed business dealings. The days of s...

E-Signature | Digitise and Verify Agreements in Compliance Explore More

Blog

UAE’s Targeted Financial Sanctions (TFS) – How Shufti Can Help Ensure AML Compliance

Money laundering has always remained a huge challenge for global economies, and all the major jur...

UAE’s Targeted Financial Sanctions (TFS) – How Shufti Can Help Ensure AML Compliance Explore More

Blog

The Most Frequently Asked Questions About Perpetual KYC

Maintaining the accuracy of customer data presents a considerable challenge. Automating it has tr...

The Most Frequently Asked Questions About Perpetual KYC Explore More

Blog

Secure Your Digital Presence | Combat Transaction Fraud and Cyberthreats with IDV

Financial crimes, especially payment and transaction fraud, have seen a massive surge in recent y...

Secure Your Digital Presence | Combat Transaction Fraud and Cyberthreats with IDV Explore More

Blog

Know Your Players: Why KYC is Necessary for Gaming and Gambling

The post-COVID-19 era has witnessed a remarkable surge in the e-sports and gaming sectors. This t...

Know Your Players: Why KYC is Necessary for Gaming and Gambling Explore More

Blog

Top 5 FinTech Trends to Keep an Eye on in 2023

From the lingering effects of the COVID-19 pandemic to the sudden cryptocurrency market crash, 20...

Top 5 FinTech Trends to Keep an Eye on in 2023 Explore More

Blog

Digital customer onboarding – Revamping onboarding process in banks

The first impression is what counts most when it comes to customer-oriented services. Banks and f...

Digital customer onboarding – Revamping onboarding process in banks Explore More

Blog

The Reality Behind Money Laundering through Environmental Crimes

Environmental crimes are among the most prevailing and profiting offenses present in the world. C...

The Reality Behind Money Laundering through Environmental Crimes Explore More

Blog

Strengthening digital businesses with online age verification

It is projected that by the end of 2021, 2.4 billion will buy products and services online, up 46...

Strengthening digital businesses with online age verification Explore More

Blog

ID Verification for High-Potential Digital Fraud Cases

Instances of digital frauds and payment scams are highly damaging for banks and financial institu...

ID Verification for High-Potential Digital Fraud Cases Explore More

Blog

AML Screening – Combating Money Laundering in Luxury Vehicle Dealings

Financial criminals usually look for priceless items like art, antiquities, as well as luxury veh...

AML Screening – Combating Money Laundering in Luxury Vehicle Dealings Explore More

Blog

Know Your Player | Onboard Verified Gamers and Scale Globally

In today’s digitised gaming world, player verification stands as a cornerstone for onboarding leg...

Know Your Player | Onboard Verified Gamers and Scale Globally Explore More

Blog

Digital KYC – Protecting All Generations from ID Fraud

From baby boomers to Gen Z, identity fraud is the problem of all generations. Studies suggest tha...

Digital KYC  – Protecting All Generations from ID Fraud Explore More

Blog

Crypto 2021: The Rapidly Emerging Context of Virtual Currencies

Cryptocurrency is in the limelight since the advent of Bitcoin in 2009. Investors like Tesla Inc....

Crypto 2021: The Rapidly Emerging Context of Virtual Currencies Explore More

Blog

Shufti’s Insights on Enhancing Customer Onboarding Experience

The digital world nowadays requires a lot of effort from businesses to ensure customer satisfacti...

Shufti’s Insights on Enhancing Customer Onboarding Experience Explore More

Blog

Identity Fraud on Social Media Platforms – How Shufti Keeps Fraudsters at Bay

With almost 70% of the world’s population interacting through social media platforms, businesses ...

Identity Fraud on Social Media Platforms – How Shufti Keeps Fraudsters at Bay Explore More

Blog

Brazil’s Updated Regulatory AML Guidelines for 2023

Money laundering, corruption, and drug trafficking are prevalent issues in Brazil, the world’s se...

Brazil’s Updated Regulatory AML Guidelines for 2023 Explore More

Blog

Forex | The Use of Identity Verification

In addition to safeguarding clients, forex brokers have legal and regulatory obligations to uphol...

Forex | The Use of Identity Verification Explore More

Blog

Insights Into Austria’s Biometric KYC Onboarding [2022 Updates]

Biometric authentication is considered a convenient approach for onboarding online customers that...

Insights Into Austria’s Biometric KYC Onboarding [2022 Updates] Explore More

Blog

NFTs and Surging Crimes – How Shufti’s AML/KYC Solution Can Secure The Digital Ecosystem

Non-Fungible Tokens (NFTs) are by far one of the most popular topics right now. Artist Mike Winke...

NFTs and Surging Crimes – How Shufti’s AML/KYC Solution Can Secure The Digital Ecosystem Explore More

Blog

Spreading Holiday Cheer with a Heartfelt Donation to Crisis UK

As the holiday season approaches, we often reflect on how we can give back to our communities. Th...

Spreading Holiday Cheer with a Heartfelt Donation to Crisis UK Explore More

Blog

5 Ways How Online Age Verification Promises Growth for the Gaming Industry

The online gaming industry is booming since the last few years. Due to the pandemic, the trend fo...

5 Ways How Online Age Verification Promises Growth for the Gaming Industry Explore More

Blog

Age Gating VS Age Verification | Enhancing Security for Minors

Age gating was once employed to stop minors from accessing age-restricted content. However, the a...

Age Gating VS Age Verification | Enhancing Security for Minors Explore More

Blog, Reg Tech

Shufti GDPR Review 2018: How we protected our clients from regulatory fines?

Shufti stands out in KYC industry not only because of its highly customizable and global iden...

Shufti GDPR Review 2018: How we protected our clients from regulatory fines? Explore More

Blog

Holiday Season – The Time of the Year When Frauds Soar Sky High

Despite being the “most wonderful time of the year”, the holiday season is known to have the high...

Holiday Season – The Time of the Year When Frauds Soar Sky High Explore More

Blog, Online Marketplace

ID Verification Ensuring Safety Deals in Real Estate Sector

Buying and selling properties for people are major, thought-provoking decisions. It requires week...

ID Verification Ensuring Safety Deals in Real Estate Sector Explore More

Blog

Strategic KYC/AML Checks for the Financial Industry – Staying a Step Ahead of Fraudsters

In recent times, the financial industry has witnessed significant technological changes which hav...

Strategic KYC/AML Checks for the Financial Industry – Staying a Step Ahead of Fraudsters Explore More

Blog, Identity & KYC

7 Ways to Protect Your Children from Identity Theft

Living in the digital world, the word “Identity theft” makes us more than a little nervous. Knowi...

7 Ways to Protect Your Children from Identity Theft Explore More

Blog

How machine learning changed facial recognition technology?

We are entering a new era of fast and secure authentication clubbed with a perfect storm of digit...

How machine learning changed facial recognition technology? Explore More

Blog, Identity & KYC

Online Age Verification Keeps A Tight Rein On Minors

According to The Newyork Times, online age verification is a daunting task, even for experts. How...

Online Age Verification Keeps A Tight Rein On Minors Explore More

Blog

5 Ways How AI Is Uprooting Recruitment Industry

Artificial Intelligence is strengthening its position in many industries and the recruitment indu...

5 Ways How AI Is Uprooting Recruitment Industry Explore More

Blog

Video KYC – Ultimate Solution for Financial Institutions

With social distancing becoming the necessity during the pandemic, more and more companies began ...

Video KYC – Ultimate Solution for Financial Institutions Explore More

Blog

A Deep Dive into Know Your Business Verification

Customer verification is essential for all businesses to onboard legitimate customers, but what a...

A Deep Dive into Know Your Business Verification Explore More

Blog

Money Laundering Through Cryptocurrency: Red Flags and AML Risks

As the use of virtual assets becomes widespread, crypto firms have a major dilemma to deal with &...

Money Laundering Through Cryptocurrency: Red Flags and AML Risks Explore More

Blog

Facial Recognition Kiosks: A Modern Innovation in the Food Industry?

Background of Technological Advancement Technology is regarded as a new way of thinking or doing ...

Facial Recognition Kiosks: A Modern Innovation in the Food Industry? Explore More

Blog

5 Ways How Online Age Verification Promises Growth for the Gaming Industry

The online gaming industry is booming since the last few years. Due to the pandemic, the trend fo...

5 Ways How Online Age Verification Promises Growth for the Gaming Industry Explore More

Blog

International ID Day – An Overview of the 2021 Identity Landscape

The International ID Day is not marked on everybody’s calendar but is of significant value for ma...

International ID Day – An Overview of the 2021 Identity Landscape Explore More

Blog, Online Marketplace

ID Verification Ensuring Safety Deals in Real Estate Sector

Buying and selling properties for people are major, thought-provoking decisions. It requires week...

ID Verification Ensuring Safety Deals in Real Estate Sector Explore More

Blog

Top 5 Frequently Asked Questions about Biometric Verification

Identity theft, data breaches, and other crimes are rising in this age of digitisation. A quick r...

Top 5 Frequently Asked Questions about Biometric Verification Explore More

Blog

Red Flags to Detect Money Laundering in the Finance Sector

As the digital landscape continues to evolve at an exponential rate, so do our tools for fraud- d...

Red Flags to Detect Money Laundering in the Finance Sector Explore More

Blog

Customer Risk Assessment – A Landmark Approach to Fight Identity Fraud

Identity theft is the most prominent cybercrime which has raised alarms for global law enforcemen...

Customer Risk Assessment – A Landmark Approach to Fight Identity Fraud Explore More

Blog

What is an OCR Screening and How Does it Work?

In our digital environment, where automated technology has already taken over corporate processes...

What is an OCR Screening and How Does it Work? Explore More

Blog

Video KYC – Answer to Digital Revolution in the Gulf Region & UAE

The digital revolution in the Gulf region and UAE has been a hot topic these days. The economic d...

Video KYC – Answer to Digital Revolution in the Gulf Region & UAE Explore More

Blog

Know Your Investor | Simplify the Onboarding Process

Businesses at any stage need to onboard credible partners and investors who bring in capital and ...

Know Your Investor | Simplify the Onboarding Process Explore More

Blog

All You Need to Know About Facial Recognition

Rapid digitisation over the past few years has led to the adoption of facial recognition for many...

All You Need to Know About Facial Recognition Explore More

Blog

Top 10 Cybersecurity Trends for 2021

Cybersecurity in 2020 became the biggest challenge thanks to the COVID-19 pandemic. Global lockdo...

Top 10 Cybersecurity Trends for 2021 Explore More

Blog

How Artificial Intelligence is taking ID verification to the next level?

Identity theft is deemed as a growing problem. Particularly with the increase in online shopping,...

How Artificial Intelligence is taking ID verification to the next level? Explore More

Blog

Transaction Monitoring: Going Beyond AML Screening

Whether you are an accountant in Wall Street or a developer for Google, money laundering will not...

Transaction Monitoring: Going Beyond AML Screening Explore More

Blog

Identification, Verification and Authentication – Cut from the same cloth

The modern era of technology has brought so many frauds to light. The digitized world has urged b...

Identification, Verification and Authentication – Cut from the same cloth Explore More

Take the next steps to better security.

Contact us

Get in touch with our experts. We'll help you find the perfect solution for your compliance and security needs.

Contact us

Request demo

Get free access to our platform and try our products today.

Get started