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

    How Real ID Act enables Digital KYC Services for US Customers?

    Digital Kyc Services

    Digital KYC Services for US based customers are in debt of Real ID Act as it streamlined the process of issuance of identity verification documents. Real ID Act was able to introduce basic standards to assist US States when they issue a driving license to their citizen or any other relevant identity verification document. 9/11 was a big influencer in the introduction of this act as the commission made for investigation of the catastrophe gave the suggestion to introduce a uniform system of issuing IDs to citizen. They suggested a federal legislation that will not be binding on the states to follow but will serve as fundamental groundwork to establish verifiable documents for the citizens of United States.

    Why Real ID Act was needed?

    Before the introduction of Real ID act in 2005, there were stark differences among driving licenses and other IDs issued by states to their citizens. Some of them used sophisticated method to discourage identity theft and fraudulent activities while others used outdated techniques to issue same documents. This created a haphazard ID regime which was not only inefficient but also created financial and criminal loopholes. Although, introduced before Digital KYC services became all the rage but Real ID Act also enabled businesses and companies to ascertain the identity and credentials of their customers.

    What does Real ID Act entail?

    The intention of Real ID Act was very simple: Stop the practice of making secure yet fraudulent IDs and driving licenses. In hindsight, this is the intention of Digital KYC Services as well. Real ID Act wants states to adopt technologies and practices that eventually lead to issuance of secure identity documents. According to the legislation, a standard ID must have following characteristics:

    • It must be machine-readable
    • Must include 2-D barcode

    Within that bar code, following information must be stored

    • Expiration Date of document
    • Full Legal Name of document holder
    • Data of transaction
    • Data of Birth of document holder
    • Gender of document holder
    • Address of document holder
    • Unique driver’s license or Identification card number (whichever is applicable)
    • Card Design Revision Date
    • Inventory control number of physical document
    • Name of state or territory that has issued the document

    Now as you can see, an identification document containing all this data will be sufficient to verify the identity of a person. In order to ensure the credibility of the document itself, the machine readable nature and 2-D barcode are satisfactory.

    In order to further fortify the security of these identity documents, there are other measures suggested to be made part of these documents that will hinder tampering of documents, production of counterfeits or for duplication of genuine documents.

    KYC Services Supported by Real ID Act

    Although, there are many states who are yet to fully comply with Real ID Act, but the overall response to the process has streamlined the way for Digital KYC services. With machine readable driving licenses and 2-D barcode carrying  vital information, each customer can be verified against the credential that they have entered while making an online purchase or for opening a bank account.

    The rate of online fraud and the risk of online identity theft has also reduced substantially because of Real ID Act as not only the law enforcement agencies have been able to identify personnel through a unified system of identity verifying documents but Digital KYC services providers have been able to verify the real identity of a user because of technologically advanced documents. This act has enabled Digital KYC services to verify following:

    • Identity of an Individual
    • Age of an Individual
    • Address of an Individual

    So, to put it in nutshell, Real ID Act has assisted companies like Shufti to provide seamless identity verification services for US based businesses. It is one of the finest examples of real world legislations supporting the technological world in order to ensure transparency and ease of business. Because of Real ID Act, technologically advanced identity documents are now issued in US States that can be verified by Shufti in 30-60 seconds with 100% accuracy.

    Recommended For You:

    Related Posts

    Anti Money Laundering, Blog

    How is Libra’s Launch Changing the Cryptocurrency Landscape?

    Libra will have to go the extra mile to prove itself worthy of global acclaim that it aims to ach...

    How is Libra’s Launch Changing the Cryptocurrency Landscape? Explore More

    Blog

    EU’s AMLD5: What does it mean and how will it impact the AML regulation regimes?

    From the Panama papers, Paradise leaks and Danske Bank case to the most recent revelations about ...

    EU’s AMLD5: What does it mean and how will it impact the AML regulation regimes? Explore More

    Blog

    Know Your Player – Preventing Identity Fraud in Sports Events

    The ongoing trend of globalizing sports activities since the last few decades has resulted in a l...

    Know Your Player – Preventing Identity Fraud in Sports Events Explore More

    Blog

    How Multi-Factor Authentication Is Playing An Important Role In Combating Rising Online Business Fraud

    The advent of online businesses has brought a lot of convenience for customers using modern techn...

    How Multi-Factor Authentication Is Playing An Important Role In Combating Rising Online Business Fraud Explore More

    Blog

    2 Factor Authentication: Businesses’ Secret Weapon Against Cybercriminals

    Passwords continue to be a low-hanging fruit for cybercriminals.  Approximately 15 million record...

    2 Factor Authentication: Businesses’ Secret Weapon Against Cybercriminals Explore More

    Blog

    Adverse Media Screening Requirements and Why Do FIs Need It?

    The financial services industry is under a lot of regulatory requirements recently, and for all t...

    Adverse Media Screening Requirements and Why Do FIs Need It? Explore More

    Blog

    Trade based money laundering – Challenges, detection and prevention

    Back in 2006, Financial Action Task Force (FATF) emphasised on new measures and strategies for ba...

    Trade based money laundering  – Challenges, detection and prevention Explore More

    Blog

    Transforming the KYC Experience Using Automated Document Verification Checks

    In 2021, reported fraud losses were $5.8 billion, a more than 70% rise in a single year. As ident...

    Transforming the KYC Experience Using Automated Document Verification Checks Explore More

    Blog

    Deutsche Bank’s Epstein Fine – Lesson for Financial Institution

    High-risk clients pose a serious threat to banks. Over the past few years, a significant number o...

    Deutsche Bank’s Epstein Fine – Lesson for Financial Institution Explore More

    Blog

    Identity Verification Isn’t Just for Compliance Anymore

    Identity verification solutions are well-known in regulatory compliance environments, particularl...

    Identity Verification Isn’t Just for Compliance Anymore Explore More

    Blog

    Top 5 Cryptocurrency Trends to Look Out for in 2023

    2022 has been one of the most turbulent years for the cryptocurrency sector. For starters, Bitcoi...

    Top 5 Cryptocurrency Trends to Look Out for in 2023 Explore More

    Blog

    Forensic Document Verification Solutions – A Key Step in Eliminating Identity Fraud

    With emerging technologies, the demand for online services and products is skyrocketing, raising ...

    Forensic Document Verification Solutions – A Key Step in Eliminating Identity Fraud Explore More

    Blog

    Reshaping Travel and Tourism with Instant Facial Recognition

    Few technologies have sparked much debate as much as facial recognition. Today, it is considered ...

    Reshaping Travel and Tourism with Instant Facial Recognition Explore More

    Blog

    4 Tips to avoid digital payment frauds

    Due to the contingency caused by the rapid expansion of the Covid-19, online transactions have in...

    4 Tips to avoid digital payment frauds Explore More

    Blog

    Shufti Beyond Borders – Customer Experience That Drives Results

    About Stanton Brooks Stanton Brooks is a global customer experience (CX) leader specializing in d...

    Shufti Beyond Borders – Customer Experience That Drives Results Explore More

    Blog

    CDD in Real Estate Sector – How to Comply With Updated Regulations

    When it comes to investing funds, real estate is considered the safest sector to invest in becaus...

    CDD in Real Estate Sector – How to Comply With Updated Regulations Explore More

    Blog

    Fraud Prevention – Challenges, Strategies, Best Practices, and Technologies

    The twenty-first century is by far the most revolutionary time in the history of humans in terms ...

    Fraud Prevention – Challenges, Strategies, Best Practices, and Technologies Explore More

    Blog

    Facial Recognition to Reshape the Retail Industry in 2020

    The explosion of facial recognition technology in our smartphones – for instance in iPhone ...

    Facial Recognition to Reshape the Retail Industry in 2020 Explore More

    Blog

    Proof of Income: The Most Common Types of Documents Used to Determine a Client’s Financial Status

    Proof of income is a vital requirement in many financial and professional contexts. Recently, the...

    Proof of Income: The Most Common Types of Documents Used to Determine a Client’s Financial Status Explore More

    Blog

    Navigating the New Era of Customer Identity: Strategies for Compliance Professionals

    Introduction The identity verification and authentication landscape is undergoing a rapid transfo...

    Navigating the New Era of Customer Identity: Strategies for Compliance Professionals Explore More

    Blog

    Video KYC: Taking Traditional KYC to the Next Level

    Know Your Customer (KYC) has undergone continuous evolution since its inception. Its purpose is t...

    Video KYC: Taking Traditional KYC to the Next Level Explore More

    Blog

    A Guide to Anti-Money Laundering (AML) Regulations in the UAE

    As the Middle East’s financial hub, the UAE offers several enticing free trade zones that a...

    A Guide to Anti-Money Laundering (AML) Regulations in the UAE Explore More

    Blog, Financial Crime / AML, Online Marketplace

    Billion Dollar AML Compliance Plan for the Financial Sector

    The financial services sector has long been blamed for the spread of financial crimes like money ...

    Billion Dollar AML Compliance Plan for the Financial Sector Explore More

    Blog

    Elevated Business Security: A Comparative Analysis of Identity Proofing and Identity Verification

    In today’s digital age, businesses must have a robust identity verification system in place...

    Elevated Business Security: A Comparative Analysis of Identity Proofing and Identity Verification Explore More

    Blog

    Facial Recognition: A Technology for Online Businesses to Prevent Fraud

    Today, biometric technology has traditionally established itself and has become an integral part ...

    Facial Recognition: A Technology for Online Businesses to Prevent Fraud Explore More

    Artificial Intelligence, Blog, Identity & KYC

    How Biometric Technology is Shaping Up for 2020

    The verification of individuals for security measures has become remarkably important for organiz...

    How Biometric Technology is Shaping Up for 2020 Explore More

    Blog

    Rising Social Media Scams in 2020 Calling for Digital Identity Verification

    Social media was a simple place for interaction a few years back. People valued it for its securi...

    Rising Social Media Scams in 2020 Calling for Digital Identity Verification 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

    Dirty Funds & Tax Evasion – Can the Crypto Sector Be Safeguarded?

    2021 has turned out to be another eventful year for the cryptocurrency sector. In just a span of ...

    Dirty Funds & Tax Evasion – Can the Crypto Sector Be Safeguarded? Explore More

    Blog

    More Than 500 Customers Onboarded in 3 Years – Shufti Spills the Beans

    Shufti Ltd. began operations in 2017 and within three years, the company has onboarded more t...

    More Than 500 Customers Onboarded in 3 Years – Shufti Spills the Beans Explore More

    Blog

    How identity verification can help prevent Medical Identity Theft?

    Digitization is reshaping the future of healthcare. With the healthcare industry, having more res...

    How identity verification can help prevent Medical Identity Theft? Explore More

    Blog

    Gambling Compliance or Data Protection? The Puzzle is Solved!

    The evolving regulations for the gambling industry are likely to increase compliance challenges i...

    Gambling Compliance or Data Protection? The Puzzle is Solved! Explore More

    Blog

    Combating 8 Prevalent Biometric Fraud Through a Single AI Solution

    Considering how criminals are attempting new strategies to “steal a face”, companies are no longe...

    Combating 8 Prevalent Biometric Fraud Through a Single AI Solution Explore More

    Blog

    Shufti’s Bug Bounty Programme: Strengthening Security Via Ethical Hacking

    With the avalanche of security vulnerabilities in the verification industry, Shufti is launch...

    Shufti’s Bug Bounty Programme: Strengthening Security Via Ethical Hacking Explore More

    Blog

    Verify on the fly: Touchless airport security clearance using biometrics

    Around one hundred and seventeen years ago, the Wright brothers designed, built and flew the firs...

    Verify on the fly: Touchless airport security clearance using biometrics 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, Business Technology

    Fintech Trends – Unlocking the Unmapped Potential

    Fintech, a blend of two words Finance and Technology, represents the collision of two worlds that...

    Fintech Trends – Unlocking the Unmapped Potential Explore More

    Blog

    Phishing Attacks and the Role of Two-Factor Authentication

    In today’s digital world, almost everything we do is on the internet, be it for official purposes...

    Phishing Attacks and the Role of Two-Factor Authentication 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

    Initial Exchange Offerings (IEOs) – A Detailed Insight

    The advent of the Crypto industry brought decentralized and innovative fundraising ways. One of t...

    Initial Exchange Offerings (IEOs) – A Detailed Insight Explore More

    Blog

    The Definitive Guide to Anti-Money Laundering & Countering of Terrorist Financing

    In this modern globalized era, money launderers, terrorist financiers and other criminal elements...

    The Definitive Guide to Anti-Money Laundering & Countering of Terrorist Financing Explore More

    Blog, Identity & KYC

    ICOs and KYC Compliance

    With the surge in digitalisation of payments and crowdfunding; the need to set proper standards f...

    ICOs and KYC Compliance Explore More

    Blog

    Blockchain Technology and KYC for Crypto Exchanges – How Shufti Can Help

    KYC compliance is the backbone of the Anti-Money Laundering (AML) measures implemented by any fin...

    Blockchain Technology and KYC for Crypto Exchanges – How Shufti Can Help Explore More

    Blog

    Top 5 Cybersecurity Trends to Look Out for in 2022

    With 2022 just around the corner, new developments in cybersecurity are already beginning to take...

    Top 5 Cybersecurity Trends to Look Out for in 2022 Explore More

    Artificial Intelligence, Blog

    Knowledge Based Authentication a Thing of Past

    If you are wondering what is knowledge-based authentication or KBA, let me ask you a question, ‘w...

    Knowledge Based Authentication a Thing of Past Explore More

    Blog

    How biometrics in visa process reduce travel difficulties

    Biometric technology is enhancing the travel industry in many ways.  Factors that drive the secur...

    How biometrics in visa process reduce travel difficulties Explore More

    Blog, Fraud Prevention

    Fraud Prevention through Secure Payment Processes

    Here’s a question, why do people always say things like  “the good days”? The fact is a number of...

    Fraud Prevention through Secure Payment Processes Explore More

    Blog

    Cyber Monday Scams on the Rise Due to COVID-19

    Thanksgiving – a day that reminds us of all the bounties of Mother Nature that we should be...

    Cyber Monday Scams on the Rise Due to COVID-19 Explore More

    Blog

    Rising Social Media Scams in 2020 Calling for Digital Identity Verification

    Social media was a simple place for interaction a few years back. People valued it for its securi...

    Rising Social Media Scams in 2020 Calling for Digital Identity Verification 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

    The Ultimate KYC Checklist for 2023 to Ensure Regulatory Compliance

    Non-compliance cost businesses billions of dollars. Regulators have charged financial firms with ...

    The Ultimate KYC Checklist for 2023 to Ensure Regulatory Compliance Explore More

    Blog

    A Statistical Analysis of Prevalent Crimes in the Global Financial Industry – [2022 Overview]

    Over the past few years, the financial industry has witnessed significant technological changes, ...

    A Statistical Analysis of Prevalent Crimes in the Global Financial Industry – [2022 Overview] Explore More

    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

    Blog

    Impact of COVID-19 on disruptive Fintech industry

    The economy and society worldwide are affected by the corona crisis. The effects of COVID-19 on b...

    Impact of COVID-19 on disruptive Fintech industry Explore More

    Blog

    The Future of Identity Verification: Shufti CEO Shahid Hanif on Adaptability, Innovation, and Technology Leadership

    As fraud threats become increasingly sophisticated and regulatory landscapes evolve, businesses m...

    The Future of Identity Verification: Shufti CEO Shahid Hanif on Adaptability, Innovation, and Technology Leadership Explore More

    Blog, Identity & KYC

    Biometric Identification is On the Rise in Education Sector

    An acceptable method of identification i.e. biometric technology is hitting the education industr...

    Biometric Identification is On the Rise in Education Sector 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

    Blog

    More Than 500 Customers Onboarded in 3 Years – Shufti Spills the Beans

    Shufti Ltd. began operations in 2017 and within three years, the company has onboarded more t...

    More Than 500 Customers Onboarded in 3 Years – Shufti Spills the Beans Explore More

    Blog, Financial Crime / AML, Reg Tech

    AML Checks: An Emerging Frontier in RegTech Revolution

    The Anti Money Laundering (AML) landscape has been around since the signing of BSA (Bank Secrecy ...

    AML Checks: An Emerging Frontier in RegTech Revolution Explore More

    Blog

    Evolution of Digital Payments and Prevailing Crimes – How Shufti’s AML Screening Can Help

    With emerging technologies, the digital payments trend is rising, and users are executing frictio...

    Evolution of Digital Payments and Prevailing Crimes – How Shufti’s AML Screening Can Help Explore More

    Blog, Identity & KYC

    4 Ways KYC Banking Regulations are Shaping the Future

    Know Your Customer (KYC) regulations are vital for the banking system. Money laundering, depositi...

    4 Ways KYC Banking Regulations are Shaping the Future Explore More

    Biometric Technology, Blog, Online Marketplace

    Why a Business would need Biometric Consent Verification?

    Biometric consent verification is a unique solution from Shufti that enables businesses and c...

    Why a Business would need Biometric Consent Verification? 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

    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

    Fighting Deepfakes with Fool-Proofed Identity Verification Systems: How Shufti Can Help

    Undoubtedly, 21st century is the most innovative time period in human history. With every passing...

    Fighting Deepfakes with Fool-Proofed Identity Verification Systems: How Shufti Can Help Explore More

    Blog

    Anti-Smurfing Solutions | Safeguard Your Business Against Money Laundering Risks

    Businesses are under constant threat of financial damage. This is primarily because cybercriminal...

    Anti-Smurfing Solutions | Safeguard Your Business Against Money Laundering Risks Explore More

    Blog

    Video KYC Verification – Reimaging Customer Onboarding in 2023

    As technology is advancing so do fraudsters, ringing security alarms for financial businesses and...

    Video KYC Verification – Reimaging Customer Onboarding in 2023 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, Online Marketplace

    Verify ID For a Secure Travel Experience

    Since we are using the Internet for a great many things including shopping to online booking of f...

    Verify ID For a Secure Travel Experience Explore More

    Blog, Reg Tech

    GDPR Phishing Scams – A Novel Trap to Scoop up Information

    General Data Protection Regulation (GDPR), an EU regulation comes into force on 25 May 2018 and a...

    GDPR Phishing Scams – A Novel Trap to Scoop up Information 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

    Top 5 Most Common Identity Fraud Attempts in 2021

    Fraudsters in the post-pandemic world took complete advantage of rapid digitization. Bad actors b...

    Top 5 Most Common Identity Fraud Attempts in 2021 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