The Top 10  Most Difficult Countries for Identity Verification

The Top 10  Most Difficult Countries for Identity Verification

Download Report

    n-img-roi-cross

    Before You Go, Schedule Your Free Demo Today

    Valid Invalid number


    Note: Fields marked with an asterisk(*) are mandatory.

    n-exit-img-roi-cross

    Thank you for your demo request

    We appreciate your interest and look forward to discussing how our solution can meet your needs. Expect to hear from us shortly with scheduling details.

    Close

    AI-Powered OCR to replace data entry in 2020 – A detailed insight

    OCR

    Living in the data-driven world, there is a huge demand for storing data from printed or handwritten documents to computer storage disk to reutilize and process the data for multiple business operations. Document processing is an essential part of business operations, yet it consumes quite a valuable time of the user. Data entry has always been a hectic job and organizations are striving to discover new ways to automate it. Whatever the solution is, it must have to be efficient enough to accurately fetch and populate data, especially in the case of financial and identity documents.

    OCR technology has been invented to address this issue effectively. The automated data entry solutions are accurately replacing the work done by data entry operators. Originally created to replace the data entry process and with time OCR technology has come a long way.

     

    What is OCR Technology?

    Optical Character Recognition – commonly known as OCR – is a technology used for the mechanical or electronic conversion of images (scanned or printed documents, etc.) into machine-encoded text. OCR, widely used as a way of information extraction from passports, invoices, identity documents, bank statements, etc., is a prevalent method for digitizing the image text. The extracted information may be electronically displayed, edited and stored, which can be further used for cognitive computing and machine learning. Simply put, OCR technology is used to read and extract the data from image documents and then further used for pattern recognition.

     

    AI-Powered OCR Technology – The Working

    The old-school OCR technology wasn’t fully automated and couldn’t operate properly with manual supervision. The proper functioning required strict rules and templates. Still, these solutions couldn’t process context and had no self-regulating mechanisms; hence, making manual guidance mandatory.

    The traditional OCR works quite well when it deals with documents whose formats and templates were pre-loaded into the system. However, this comes with a significant problem of flexibility. It means for every type of document a new template model has to be designed and loaded into the system. This is quite time-consuming and costly processes similar to the manual data population.

    Therefore, artificial intelligence is being incorporated into OCR to come up with a flexible and reliable automated process. The working mechanism of such systems is based on three major stages and requires no manual interference.

    1. Pre-Processing

    For successful character recognition, the images are preprocessed using different techniques:

    De-skew and Despeckle

    Documents need to be aligned properly without any spots or crumpled/folded edges in order to accurately extract information or data from it. De-skew technique tilts the document a few degrees to make it perfectly horizontal and vertical. Additionally, in this process, the edges of documents are smoothened and spots are removed.

    Binarisation

    Binarisation is the technique of converting the colored image to binary image, i.e. grey-scale (black and white). It is necessary as most OCR algorithms work on binary images for the sake of simplicity. It also influences the recognition quality to a significant extent for making careful decisions on the provided input.   

    Layout Analysis and Line Removal

    It identifies the columns, paragraphs and distinct blocks, filtering out non-glyph boxes and lines, particularly in the case of tables or multicolumn layouts. This aspect of pre-processing enables OCR technology to identify text and data written in the form of columns so that the data extraction is thorough and no text is left un-scanned. 

    Script Recognition

    In multilingual documents, the scripts may change at the level of words, which makes the identification of scripts necessary before the character recognition process. It helps in enhancing the data extraction as the appropriate OCR parameters can be invoked for the specific script.

    Character Isolation

    Multiple characters combined due to image artifacts are separated for character OCR. This process is also known as “segmentation”. Segmentation of fixed-pitch fonts is easier and can be succeeded by placing the image on the grid. Due to the uniformity of the white spaces between characters, vertical lines least intersect black areas of characters. However, for proportional fonts, the more advanced approach is required because of the presence of irregular white spaces. 

    2. Character Recognition 

    Character Recognition works in two ways:

    Pattern Recognition

    Pattern Recognition works on the “Matrix Matching” algorithm, which compares the image to a stored glyph, pixel-by-pixel. It relies on the correct isolation of the input glyph stored accurately as per a similar font and scale. This technique works flawlessly for the typewritten document in the same font.

    Feature Extraction

    Pattern recognition can be ambiguous in the case of multilingual documents. Instead of identifying the character as a whole, feature extraction identifies the individual components of a particular character by decomposing it into “features” e.g. lines, line intersections, closed loops, line directions, etc. 

    These features are then compared with the abstract vector-like representation of the character which makes the entire character recognition process computationally efficient. This whole comparison process is done using the “k-nearest neighbor algorithm” which decides the nearest match. For example, the alphabet “A” has three individual components; 2 diagonal lines “ / ” “ \ ” and 1 horizontal line “ _ 

    3. Automated Form Population

    Form populate can be seen as an automated data entry process. The stored data in the memory from ‘Pre-processing’ and ‘Recognition’ steps, is populated in the requisite fields of the verification form; saving the time of end-user. 

    To increase the OCR accuracy for the document, the output is constrained to some post-processing techniques. “Near neighbor analysis” is one such technique, which uses the concept of co-occurrence frequencies to correct errors and identify certain words that should be written together. For example, “Washington DOC” is always written as “Washington D.C.

    OCR as a whole in identity verification

    As the world is moving towards digitization, the identity verification market is booming. Whether it’s about KYC requirement or fraud prevention, identity verification is becoming a significant part of every business. Gone are the days when customers used to verify their identities by physically visiting the organizations and showing their ID cards. Now the digital platforms require digital verification and document verification is an essential part of ID authentication. 

    In online verification, the system requires customers to upload their ID documents to get their identity verified. Most of the time user has to fill the online form himself which eventually takes a user precious time. In the race of user experience, the verification process has to be quick and seamless with the minimum manual interaction. That’s how ID verification solutions are incorporating OCR technology to make customer experience frictionless.

    Shufti’s ID verification service is an example of such solutions for integrating OCR technology. The instant capture feature built on OCR quickly captures and extracts information from the identity documents, keeping customers from the mundane task of data entry. Moreover, the data extraction is applicable for both printed and handwritten documents. The whole process from data extraction to form population doesn’t take more than 2 seconds making the process fully automated and accurate.

    Related Posts

    Blog, Online Marketplace

    KYC for Financial Institutions

    E-KYC for Financial Institutions Imagine you’re the owner of a brokerage firm. You’re not exactly...

    KYC for Financial Institutions Explore More

    Artificial Intelligence, Blog, Fraud Prevention

    The Role of Artificial Intelligence in the Future Of Financial Fraud Detection

    Until a few years ago Artificial Intelligence seemed like a thing from sci-fi movies. The whole c...

    The Role of Artificial Intelligence in the Future Of Financial Fraud Detection Explore More

    Blog

    ID Verification for Ultimate Subscription Fraud Prevention

    Cellular phones were first introduced in the consumer market in 1973 when Motorolla first introdu...

    ID Verification for Ultimate Subscription Fraud Prevention Explore More

    Blog

    AML Non-Compliance Penalties Soaring Sky High in the First Half of 2021

    After the skyrocketing fines and penalties on banks for AML non-compliance in 2020, the year 2021...

    AML Non-Compliance Penalties Soaring Sky High in the First Half of 2021 Explore More

    Blog, Online Marketplace

    How Identity Verification Makes Remote Account Opening Efficient for Banks

    Banks have a lot to benefit from the remote account opening service as it allows them to bring a ...

    How Identity Verification Makes Remote Account Opening Efficient for Banks Explore More

    Blog

    Top 5 Challenges in Online Identity Verification

    The online ecosystem of identity management is more dynamic than ever before. It’s a flexible and...

    Top 5 Challenges in Online Identity Verification Explore More

    Blog

    Breaking the KYC Remediation Cycle through a Risk-based Approach

    Banks have paid more than USD 30 billion over the past few years due to ineffective policies to c...

    Breaking the KYC Remediation Cycle through a Risk-based Approach Explore More

    Blog

    Restricting Criminals from Exploiting Investment Industry with Shufti AML Screening Solution

    Investing the accumulated capital of investors in financial securities is the primary task of inv...

    Restricting Criminals from Exploiting Investment Industry with Shufti AML Screening Solution Explore More

    Blog

    Key Takeaways From Shufti’s ID Fraud Report 2021

    The year 2021 was all about determining and reducing the growing number of biometric identity fra...

    Key Takeaways From Shufti’s ID Fraud Report 2021 Explore More

    Blog, Financial Crime / AML, Fraud Prevention, Identity & KYC

    The FinTech Industry: A Snapshot

    What is FinTech? Financial technology, known more commonly as FinTech, is a term that refers to t...

    The FinTech Industry: A Snapshot Explore More

    Blog

    NFC Verification for Seamless Customer Onboarding

    As more than 80% of today’s smartphones have NFC technology, different industries are working tow...

    NFC Verification for Seamless Customer Onboarding Explore More

    Blog

    Top 10 FinTech Trends to Watch for in 2022

    2021 was a game-changer for the FinTech sector as it has come up with innovative payment gateways...

    Top 10 FinTech  Trends to Watch for in 2022 Explore More

    Blog

    AI-based IDV Can Effectively Curb Unemployment Insurance Fraud

    Throughout the United States, an emerging scam has taken the nation by storm. Unemployment Insura...

    AI-based IDV Can Effectively Curb Unemployment Insurance Fraud 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

    Marketing Firms embracing KYC Services for Better service Delivery

    Browsing through your Facebook newsfeed and you come across one of ‘Those’ friends – “Hey P...

    Marketing Firms embracing KYC Services for Better service Delivery Explore More

    Blog

    The Mesh of Human Behavior and Technology: CX Expert Saroni Kundu on Building Customer-Centric Businesses

    No matter the industry, customer experience (CX) is key to building trust and loyalty. If you’re ...

    The Mesh of Human Behavior and Technology: CX Expert Saroni Kundu on Building Customer-Centric Businesses Explore More

    Blog

    Age verification regulations demanding better compliance from businesses

    “Youth is the hope of our future.” Jose Rizal  It is no secret that the youth is a valuable asse...

    Age verification regulations demanding better compliance from businesses Explore More

    Blog

    May 2023 Recap: The Latest Global Regulatory Updates

    Technological advancements have paved the way for scammers to perpetrate various financial crimes...

    May 2023 Recap: The Latest Global Regulatory Updates Explore More

    Blog

    The Vital Role of AML Compliance for P2P Lending

    Archiac banking traditions saw loan applicants held in suspense, waiting for lengthy periods of t...

    The Vital Role of AML Compliance for P2P Lending Explore More

    Blog

    Youtube Stepping up to Protect Minors’ Data Online

    The explosion of the internet and mobile devices has paved new ways for marketers and Cybercrimin...

    Youtube Stepping up to Protect Minors’ Data Online Explore More

    Blog

    On-Premises vs Cloud Services – Two Sides of the Same Coin

    With the advent of technology, industries are streamlining all their processes and ensuring highe...

    On-Premises vs Cloud Services – Two Sides of the Same Coin Explore More

    Blog

    6 Ways Identity Verification Will Unlock Digital Transformation in Airlines

    Airlines were particularly negatively impacted by the Covid-19 pandemic, and the situation was fu...

    6 Ways Identity Verification Will Unlock Digital Transformation in Airlines Explore More

    Blog

    Anti-Money Laundering (AML) Screening | Combat Online Gambling Scams Effectively

    Online gambling has seen significant adoption in the past few years because of the convenience, v...

    Anti-Money Laundering (AML) Screening | Combat Online Gambling Scams Effectively Explore More

    Blog

    Paradigm Shift amid Corona – Online sales to take outstanding growth

    Coronavirus outbreak is proving to be catastrophic for the world with global cases reaching 2,495...

    Paradigm Shift amid Corona – Online sales to take outstanding growth Explore More

    Blog

    The Top Use Cases of Optical Character Recognition (OCR) Technology

    Optical Character Recognition (OCR) technology has transformed how businesses collect, process, a...

    The Top Use Cases of Optical Character Recognition (OCR) Technology Explore More

    Blog

    What to expect from Booming Identity Verification Market in 2020?

    Technologies hatched by fourth industrial revolution such as the Internet of Things (IoT), roboti...

    What to expect from Booming Identity Verification Market in 2020? Explore More

    Blog

    Know Your Customer (KYC) vs Customer Due Diligence (CDD): What’s the Difference?

     Ensuring robust identity verification processes is necessary with the ever-increasing n...

    Know Your Customer (KYC) vs Customer Due Diligence (CDD): What’s the Difference? Explore More

    Blog

    Brexit to Change Sanction and Money Laundering Regulations in 2021

    In 2016, the United Kingdom decided to part ways with the European Union (EU). After its preparat...

    Brexit to Change Sanction and Money Laundering Regulations in 2021 Explore More

    Biometric Technology, Blog

    Biometric Authentication: Applications and Constraints

    Biometric authentication is considered as an advanced way of ensuring Know Your Customer (KYC). T...

    Biometric Authentication: Applications and Constraints Explore More

    Blog, Identity & KYC, Online Marketplace

    Why 2 Factor Authentication is vital for Online Identity Risk Management?

    Online identity risk management is becoming harder and harder on cyberspace. It is a headache for...

    Why 2 Factor Authentication is vital for Online Identity Risk Management? Explore More

    Blog

    Singapore’s Digital Payment Token and AML Regulations [2022 Updates]

    Financial crimes are an ever-increasing threat to the global economic climate. As a financial hub...

    Singapore’s Digital Payment Token and AML Regulations [2022 Updates] Explore More

    Blog

    AML Compliance for Money Service Businesses (MSBs) – How Shufti’s AML Screening Helps

    Money laundering has spread like a virus in today’s globalized society. Banks and other fin...

    AML Compliance for Money Service Businesses (MSBs) – How Shufti’s AML Screening Helps Explore More

    Blog

    Identity Verification – Addressing the Challenge of Fraud in the Telecommunications Sector

    Transforming technology, growing digitization, and increased use of online transactions have acco...

    Identity Verification – Addressing the Challenge of Fraud in the Telecommunications Sector Explore More

    Blog

    Address Verification: Types, Benefits, and Best Practices

    Improving customer service and combating fraud frequently requires swiftly gathering and confirmi...

    Address Verification: Types, Benefits, and Best Practices Explore More

    Blog

    E-Signature Verification | Why Businesses Should Consider Adopting It

    Physical paperwork is a thing of the past now. It is a time and labour-intensive task that requir...

    E-Signature Verification | Why Businesses Should Consider Adopting It 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

    Source of Funds | A Critical Step in Mitigating the Risk of Money Laundering

    As the world continues on a path of digitization, business operations persist to undergo signific...

    Source of Funds | A Critical Step in Mitigating the Risk of Money Laundering Explore More

    Blog

    Combatting Identity Theft with KYC Verification – A Risk-Based Approach in Online Shopping

    The proliferation of online stores has radically transformed how people shop and greatly affected...

    Combatting Identity Theft with KYC Verification – A Risk-Based Approach in Online Shopping Explore More

    Blog

    The Power of Identity Verification Solutions in Ensuring Risk-Free Recruitment Operations

    Over the recent years, the employment industry has undergone significant changes, from mass offbo...

    The Power of  Identity Verification Solutions in Ensuring Risk-Free Recruitment Operations Explore More

    Blog

    Five Solutions to tackle business verification challenges

    Know Your Customer (KYC) is critical for verifying the clients before doing business with them, b...

    Five Solutions to tackle business verification challenges 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

    What are chargeback frauds and what do they mean for businesses?

    The world we live in no longer seems to be honest and fair. A large number of individuals are par...

    What are chargeback frauds and what do they mean for businesses? Explore More

    Blog

    Customer Due Diligence Checklist – Is Your Business Compliant?

    Compliance regulations can be a challenging task for the financial services sector and fulfilling...

    Customer Due Diligence Checklist – Is Your Business Compliant? 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

    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

    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

    Anti-Money Laundering Challenges Faced by the Fintech Industry

    Since the implementation of the bank Secrecy Act (BSA) in 1970, the United States government has ...

    Anti-Money Laundering Challenges Faced by the Fintech Industry Explore More

    Blog

    5 Key Questions About KYC Compliance to Look Out for in 2021

    With the COVID-19 pandemic bringing challenges every day for businesses, the rate of identity fra...

    5 Key Questions About KYC Compliance to Look Out for in 2021 Explore More

    Blog

    AML Non-Compliance Penalties Soaring Sky High in the First Half of 2021

    After the skyrocketing fines and penalties on banks for AML non-compliance in 2020, the year 2021...

    AML Non-Compliance Penalties Soaring Sky High in the First Half of 2021 Explore More

    Blog

    KYC screening vs One time passwords – what’s good for your business?

    Customer due diligence sometimes tests the nerves of strategists and compliance officers. With mu...

    KYC screening vs One time passwords – what’s good for your business? Explore More

    Blog

    5 Key Market Trends in Identity Verification

    The year 2020 has caused a dramatic shift in the business industry and our way of living.  The si...

    5 Key Market Trends in Identity Verification Explore More

    Blog

    KYC Compliance – Identity Verification for Brokerage Companies & Trading Platforms

    Online trading platforms provide businesses with the convenience to keep an eye on financial mark...

    KYC Compliance – Identity Verification for Brokerage Companies & Trading Platforms Explore More

    Blog

    Age Verification – Ensuring the Protection of Minors on Digital Platforms

    In today’s technologically advanced era, digital products and services have transformed the way s...

    Age Verification – Ensuring the Protection of Minors on Digital Platforms Explore More

    Blog

    Top 4 Reasons that will Increase Money Laundering Risks in 2022

    Unlike other frauds, like like tax evasion, drug trafficking, extortion, and misappropriation of ...

    Top 4 Reasons that will Increase Money Laundering Risks in 2022 Explore More

    Blog

    Ensuring Compliance and Preventing Losses Due to Fraud in the Banking Sector

    Banks are thought to be the most important part of the financial system, playing a vital role in ...

    Ensuring Compliance and Preventing Losses Due to Fraud in the Banking Sector Explore More

    Blog

    Ensuring Compliance and Securing Business Reputation – How Shufti Can Help

    In the highly digitized world, businesses are partnering with each other to serve mutual interest...

    Ensuring Compliance and Securing Business Reputation – How Shufti Can Help Explore More

    Blog

    Identity Verification and Prevailing Crimes – How Shufti’s Proof of Verification Services Can Help

    With growing digitization, emerging technologies, and increased use of online transactions, a hug...

    Identity Verification and Prevailing Crimes – How Shufti’s Proof of Verification Services Can Help Explore More

    Blog, Online Marketplace

    Demand for KYC & ID Verification in Higher Education

    I remember a friend of mine, Jack, from high school he was one of the most non-serious people I k...

    Demand for KYC & ID Verification in Higher Education Explore More

    Blog

    Safeguarding Ride-Hailing Services with Identity Verification Solutions

    With the global digitization, mobility services are known to the world before the pandemic has ir...

    Safeguarding Ride-Hailing Services with Identity Verification Solutions Explore More

    Blog

    Top 13 Cybersecurity Predictions for 2020

    Cybersecurity threats are ostensibly ubiquitous in this internetworking infrastructure. Internet-...

    Top 13 Cybersecurity Predictions for 2020 Explore More

    Blog

    Fintech 2021 – A Brief Insight of Global KYC Regulations

    Financial services are among the most heavily regulated sectors in the world, and the number one ...

    Fintech 2021 – A Brief Insight of Global KYC Regulations Explore More

    Blog, Online Marketplace

    e-KYC Services for Libraries

    Have you ever had those series of events that leave you shaking your head? That makes you believe...

    e-KYC Services for Libraries Explore More

    Blog, Online Marketplace

    Social Media and Identity Theft Frauds

    Imagine this: You get up in the morning and like most people; check your email. There you have an...

    Social Media and Identity Theft Frauds Explore More

    Blog

    6AMLD of EU – A detailed insight

    European union’s another anti-money laundering directive is in the pipeline. And this time the un...

    6AMLD of EU – A detailed insight Explore More

    Blog

    Prevailing Financial Crimes and AML Regulation in Argentina – How Shufti Can Help

    Argentina has faced many significant challenges due to its geographical location, including the f...

    Prevailing Financial Crimes and AML Regulation in Argentina – How Shufti Can Help Explore More

    Blog

    Shufti donates 10 million free ID verifications to help fight fraud amid COVID-19

    Coronavirus took the world into clutches forcing people to adopt isolation and businesses are com...

    Shufti donates 10 million free ID verifications to help fight fraud amid COVID-19 Explore More

    Blog

    ID verification prevents 8 Security Issues of businesses

      The biggest concern for businesses, in terms of safety, nowadays is online or cybersecurit...

    ID verification prevents 8 Security Issues of businesses Explore More

    Blog, Identity & KYC

    Cybercrimes Rise 5 times in 4 years and Continue to Soar!

     A rapid stride in the tech world over the years has increased cybercrimes immensely. According t...

    Cybercrimes Rise 5 times in 4 years and Continue to Soar! Explore More

    Blog

    EDD in Banking: Going Beyond CDD to Establish Trust in the Digital Age

    With technological advancement, hackers are also becoming smarter to bypass verification processe...

    EDD in Banking: Going Beyond CDD to Establish Trust in the Digital Age Explore More

    Blog

    High-Risk Customers in Banking and How EDD Can Help Identify Them

    In this age of digitisation, banks and other financial institutions face a high risk of money lau...

    High-Risk Customers in Banking and How EDD Can Help Identify Them Explore More

    Blog

    The need for identity verification solutions spiking in demand

    At present, we are living in a digital world. Everyone is on the internet which is an anonymous s...

    The need for identity verification solutions spiking in demand Explore More

    Blog

    How Will Simplified Due Diligence SDD Help Industries in 2024?

    For businesses, the due diligence process is an integral part of the Know Your Customer programme...

    How Will Simplified Due Diligence SDD Help Industries in 2024? 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