Over the years, and with the availability of high-quality digital image manipulation software, frauds and thieves have become increasingly adept at getting around standard types of security software.
To be compliant with industry regulations in the financial and banking industries, as well as in related businesses, companies must utilize the latest in KYC or Know Your Customer technology. This compliance is required when a customer opens an account or when the account is accessed by the customer for specific types of transactions.
KYC or Know Your Customer compliance is continually evolving to keep up with the security risks posed by thieves. Fraudulent access to accounts or setting up accounts using a fake ID or stolen ID can be eliminated with the use of video KYC technology.
Live Vs. Still Photos
Still digital photos reportedly sent from a customer’s device can be easily manipulated. New options in creating 3d masks to wear when taking the picture or using images of the individual taken with a phone or pulled from the internet make this a potential security risk.
Requiring customers to use video KYC is simple and easy. Still, it provides the company with an additional level of protection. The advanced software platforms used by these systems can provide a liveliness check, ensuring an actual person is posing for the video capture.
Top video KYC solutions can immediately compare the face to the documents on file, providing instant verification if the person in front of the camera is the client or account holder.
Accura scan offers a state-of-the-art, 100% accurate video KYC solution for any business, agency, or industry. To learn more, see us online at website
