Biometric technology is playing a vital role in enhancing verification systems. Facial biometric recognition paves the way to eliminate identity frauds from the system.
In this modernized world, millions of smart gadgets are trending around the globe, enabling people to connect and communicate with each other remotely. Ranging from opening a bank account digitally to online shopping, everything is seamlessly done via smart devices. Due to rapid digitalization, multiple frauds have emerged which are raising concerns regarding cybersecurity. Various technology-based solutions are out in the market, among them the most effective and fruitful in terms of determining identity frauds is face biometric verification services. Facial authentication technology has made its own place in the market and is becoming the center of attraction among digital businesses in order to boost up their verification procedures. Every type of business is happily adopting AI-based facial recognition for their customer verification as this solution is cost-friendly as well as one step ahead of the old school methods of verification such as passwords and PINs.
Significance of Facial Biometric Verification Systems
Nowadays, the increasing number of digital scams and financial frauds are the result of insufficient cybersecurity measures due to which sensitive data is breached. Even if it is digital accounts, e-commerce accounts, or databases the game starts at the moment when the unauthorized person gets access to the system.
Facial verification technology is well equipped to authenticate the distinctive personality characteristics of the customers in order to verify them through any photo or video. The identified face is compared with the photo paced in the government-issued identity documents which are provided by the customers. Using AI algorithms provides unique features like face depth mapping, 3D liveness detection, and skin texture analysis. By employing this verification process the vulnerable space through which fraudsters misuses the system can be protected.
Biometric technology is a helping hand for businesses in establishing secure and trustworthy relationships.
Airport passenger onboarding
Each year, millions of passengers use airports for traveling. With the technology boom, the government is issuing facial compatible passports through biometric technology so the passengers are verified. The average time required to verify the passenger is twice as fast compared with fingerprint verification. It has also reduced the boarding time by between 30% and 40%. This works in a way the passenger provides a photo of passport and identity card. When the passenger reaches the departure gate using biometric technology the live photo is matched with the photos provided earlier. On perfect match, the passengers are eligible to onboard the flight.
Behavioral Analysis of Students in E-Classroom
Facial biometric verification systems are also used to determine the acceptance of the students in the classrooms. By tracking facial characteristics, expression analysis is accurately done.
Attendance Management Systems
Managing attendance is quite a challenging task in schools and offices. The traditional methods of managing attendance were full of loopholes. Therefore, biometric-enabled attendance systems are one step ahead to deter buddy punching and old-school attendance sheet frauds. This also saves the golden time of the employees and saves them from standing in queues.
Boosting up Hotel Check-Ins
Hotel rooms and booking management systems are top-notched with the help of technology but the check-in services are still the same as in the 1960s. The customers have to wait in long queues which are tiring and not convenient. However, artificial intelligence-based biometric facial verification systems are viable for the hotel industry which automates the whole process of check-in to the booking process and also promises secure customer onboarding. Due to this the need for physical keys or strip cards is eliminated. The guest is now able to check in with just one facial scan.
Pharmacy Fraud and Minor Exploitation
Automated biometric verification technology is playing a significant role in protecting digital pharmacies. With the help of facial recognition, the fraudster who tends to manipulate the online pharmacies using false identities is instantly identified as no one can bypass the biometric process due to its extreme accuracy. The pharmacies which have incorporated this technology provide services after validating their identities.
Verifying Students’ Identity for E-Learning
Due to the rise in identity fraud the e-learning platforms are adopting facial biometric technology to secure their digital services. By employing facial recognition systems, the students’ identities can be identified before getting them enrolled. Moreover, with the feature of 3D liveness detection the schools and e-learning platforms can determine the physical presence of the student during the class, it’s a practical solution to put off crime from learning platforms.
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FinTech Institution Security
Financial businesses are prone to fraudulent activities. The banks and other corporations were in need of technology-based solutions to combat identity fraud. Therefore, biometric technology fulfills the requirements and also helps to determine suspicious activities. Using facial recognition technology, the banks effectively identify the true identities of the customers before getting them on board.
Cashless Shopping
With technological innovations, biometric facial verification technology is reshaping payment methods. Now the customers don’t need to carry paper money for purchasing goods. They just have to carry credit cards that are authenticated by using online Face Verification systems.
Fraudsters Identification
Providing a safe living environment is the duty of the government. Lawmakers are employing biometric technology for criminal identifications. Due to this the fraudsters are remotely monitored using biometrics and are arrested before suspicious activities take place. The FBI and other police departments in the USA are some of the early adopters of this technology in making a peaceful living environment.
Transactions Monitoring Management
Biometric technology has made transaction management easy for fintech businesses. Using this the customers can be held accountable for their transactions. Moreover, every time the customers tend to perform a transaction, they have to go through face verification procedures.
Final thoughts
Digital businesses are obliged to incorporate KYC/AML compliance and facial verification in their customer verification procedures. By doing this, the companies can seamlessly onboard their customers, prevent financial frauds, transaction authentication, and much more.
