Augmanted Intelligence Kyc

How Augmented Intelligence is next stop in ID Verification Services?

Augmented intelligence (AI), also referred to as intelligence augmentation (IA) and cognitive augmentation, is next level in Artificial Intelligence, fine tuning the overall automation process for different categories of tech industry including ID Verification services. Some skeptics believe that augmented intelligence will do away with human intelligence but in essence it is an effective way to make humans work in a refined environment with better productivity and trackable results.

From a purely academic standpoint, Augmented Intelligence is describe how normal human intelligence is supplemented through the use of technology. Over the years, we have seen technology supporting the daily work routines and even in some cases, social life of human beings through internet, software modules, social media and many other means. Now with concrete and results driven R&D at the helm, tech companies have been launching apps, softwares and programming modules that are making use of augmented intelligence to give an unprecedented boost to overall productivity of human beings. ID verification services are also another category of IT based services that stand to benefit from augmented intelligence.

Augmented Intelligence via Multiple Platforms

There are multiple platforms used by millions of users to gain access into social media website, their bank accounts, availing service from a ride sharing service and buying virtual currency from online exchanges among many other online tasks. Some prefer iOS based mobile devices, others are more inclined to use their Windows based Personal computers. So a product utilising augmented intelligence must also have a multichannel support so that an across the board access is available for a worldwide audience. Shufti Pro is one such product that believes on providing seamless identity verification services to its customers and augmented intelligence is cornerstone of the technology being utilised in Shufti Pro. It is supplementing the verification process with Artificial & Human Intelligence Hybrid.

The makers behind Shufti Pro also envisioned an effortless verification regime in which medium of verification never becomes a hurdle in the verification process itself. Shufti Pro easily integrates with pre-existing manuals and applications. API and SDK integration are available for Shufti Pro that are updated on regular basis in order to make the integration process hassle free for entire clientele of Shufti Pro. So, whether it is a Windows PC, Apple iOS or any smartphone with Android based mobile OS, Shufti Pro’s augmented intelligence works perfectly without any discrepancy in performance standards.

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How Augmented Intelligence is next stop in ID Verification Services?

Augmented Intelligence and ID Verification Services

Thanks to advances in the fields of cloud computing and mobility, we are generating and storing huge amounts of data. Processing that data to collect concrete information and verifiable credentials is core of ID verification services like Shufti Pro.

With hundreds of verifications required to be performed in any given second across the globe, the urgency given to Identity verification services is understandable. Only Augmented Intelligence can perform lightning quick verifications assisting human intelligence to skillfully validate each credential, document or personal detail provided by a potential client. In the absence of augmented intelligence, Identity verification services will take hundreds of man-hours and an unimaginable labour force to check each credential. This is the reason why Shufti Pro is not just a run of the mill Artificial Intelligence based solution but it also has the tendency of reducing the workload for human DEOs through augmented intelligence. Machine learning algorithms of Shufti Pro enable it to perform ID verification within 30-60 seconds processing time as well, setting new records in ID verification category.

Shufti Pro’s augmented intelligence backed verification services are must have product not only for banking organizations or financial institutions but for every business that is under the danger of being defrauded by identity theft or doctored credentials. KYC services from Shufti Pro are just one part of Identity verification services offered by this new age technology. It also offers AML Compliance services using enhanced modes of augmented intelligence that again helps institutions and online businesses to offset any financial risks that a potential customer or transaction can pose for them in future.

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id verification services

ID verification Services – Why Paper IDs are inferior to Digital Cards?

ID verification services are at the forefront of making online marketplace transparent and ensuring that each transaction made on cyberspace is authentic. The credentials used for that transaction are accurate and belong to same person who made the transaction. Even if a transaction is not performed, Digital ID verification services ensure that identity of a person is fully verified before any service is utilised by that person. One of the important aspect of digital KYC offered by many service providers is the kind of IDs that are presented for verification. Mainly there are two kinds of IDs available on global scale for verification.

Paper IDs

You might think that the days of paper IDs are far behind us but there are many countries in the world that are still offering paper based identity cards to their citizens. India and Italy instantly pop up in mind as both of these offer paper IDs to their residents even in 21st century. The Italian authorities have forbidden their citizens to even laminate their cards. In their defense, even when paper IDs are issued by Indian and Italian authorities, these IDs are incorporated by some “security features” to make these Paper IDs hard to forge or forfeit. No doubt that fraud prevention and practices to stop scams become a joke with paper IDs.

In India, world’s 2nd most populous country and 6th largest economy, paper IDs are still prevalent called “Aadhar Cards”. Another form of identity verification in India are PAN cards (Permanent Account Number) that can be used to make payments. Both of these lack basic technology to avoid identity theft and financial frauds. PAN cards in India are especially hard to verify as they lack any magnetic strip at the back or swipe card-like feature.

According to a research, paper based IDs and paper documents put people on much more risk as compared to digital forms of IDs and credentials. This makes them prone to identity theft and financial thefts as well because these IDs can easily be duplicated and even the so called safety features present in them. Not to mention that a paper ID that is not machine readable becomes very hard to verify for online businesses. Not only are there risks involved of identity thefts and fraudulent activities but there is a chance that digital ID verification services might just not work on these outdated modes of identity documents.

Digital IDs

Digital IDs are for sure the most accurate medium to provide flawless digital ID verification services in modern age to stop scams and perform fraud prevention. These IDs are machine readable and the information available on these cards can be double checked by 2-D codes or MRZ codes available at the bottom of these digital IDs. Digital Identity verification becomes much easier with digital IDs that have additional layers of security that can also serve to verify the identity of the person. Hologram technology is best example of this fact as high end Digital Identity verification services like Shufti Pro employ next-generation technologies to detect these holograms and ascertain the credibility of these IDs.

Digital Vs. Paper

Compliance needs and an urge for compatibility with modern age are the basic factors that drive this debate between digital and paper IDs. In a world of encrypted data and zillions of online businesses, digital IDs are definitely the way forward. Although there are only minor number of countries offering paper IDs but the online businesses need to make solid business strategies for these countries. Digital KYC is also deemed to be affected by the digital vs. paper debate. In a time where ID verification services are provided with the help of Artificial Intelligence and Machine Learning protocols, users with paper IDs have started to become irrelevant with passage of time. Many service providers might try to accommodate such countries where paper IDs are still coin of the reign but it will create unmanageable problems ranging from greater risks to down right falsified customer data.

Solution for ID Verification Services

Shufti Pro has sorted out a solution for its customers who don’t want to register clients with paper IDs. A Country Restrict Feature is available that enables our customers to completely restrict access of their services for countries that are issuing paper IDs to their citizens or non-magnetic PAN cards. It is a much more effective technique as compared to geo-tagging that only restricts access of IP addresses, a practice that can easily be circumvented by Virtual Private Networks, otherwise known as VPNs. So Shufti Pro helps in fraud prevention and provides full proof digital identity verification services. Digital KYC at its best powered by Artificial Intelligence and Machine Learning practices.

So now because of Shufti Pro, you can once and for all get rid of menace of Paper IDs and mitigate the risk of scams that is posed by developing a safeguard solution that has the full ability to ensure validity of Digital IDs.

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russia

Shufti Pro® Expands ID Checks Online to Russia and China

 

Shufti Pro® advances their technology to support these world giants for their e-KYC needs to satiate stipulation for digital ID verification services from the East.

BATH, United Kingdom – November 1, 2017 – Shufti Pro®, the emergent leader in the online identity and document authentication milieu announced earlier today that their business verification services will now be available in Russia and China.

The software as a service endeavours to perform online identity verification for online businesses, online merchants, financial institutions, etc. They have now decided to extend their service to those in Russia and China as well. Shufti Pro® is now able to verify the original passports and their holders’ identity in the two countries.

Shufti Pro® employs the use of artificial as well as human intelligence to verify the authenticity of the document as well as the identity of the owner. Their process is quick, accurate, efficient and happens in real-time. They strive to provide digital KYC verification solutions with the aim of making the global virtual marketplace a safe and secure place as a trading platform.

CEO, Shufti Pro® said:

“We are proud to announce our expansion to include Russia and China in the countries we support. Rest assured, our integration into their online businesses will result in increased fraud prevention through accurate and digital identity and passport verification services .”

Talks with the CTO of the corporation enlightened us about their plans to include Russian and Chinese languages in their system as well. “Language incorporation, in the future, will result in a greater number of government-issued documents to be verified, like ID cards, driving licenses, credit/debit cards, etc.”, informed the CTO, Shufti Pro®.

The company plans to keep working on their technology in order to engage the entire world and bring them on one platform where they can fight against frauds, money laundering, identity thefts, etc. Reflecting on their astonishing progress in the span of 12 months, it seems highly probable that their goal of being one of the best fraud protection services will be realised sooner rather than later.