VeriFace

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VeriFace is an online service for remote identity verification of customers developed by Slovak company Rokan Biometrics. It aims to provide biometric identity verification and customer onboarding via facial recognition software. [1]

The service was launched in 2021 and is primarily used in the financial sector. VeriFace can be used when it is necessary to verify the identity of customers remotely according to the Anti-money laundering act.

VeriFace operates using biometrics and Optical Character Recognition. OCR is used convert text from images of physical documents into a digital format. [2] Facial recognition technology is used to compare the face from the photo on the document with the photo of the customer's face obtained during the verification process. [3] [4]

Related Research Articles

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<span class="mw-page-title-main">Facial recognition system</span> Technology capable of matching a face from an image against a database of faces

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<span class="mw-page-title-main">Electronic identification</span> Digital proof of identity

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Veriff is a global identity verification service company founded and headquartered in Tallinn, Estonia. The company offers services for online businesses to mitigate fraud attempts and assisting regulatory compliance. Offering protection from identity fraud and identity theft, Veriff verifies a customer's identity automatically, using an AI that analyzes a multitude of technological and behavioural indicators, including facial recognition. The service is provided to companies as an API, which has been compared to Stripe.

Proof of personhood (PoP) is a means of resisting malicious attacks on peer to peer networks, particularly, attacks that utilize multiple fake identities, otherwise known as a Sybil attack. Decentralized online platforms are particularly vulnerable to such attacks by their very nature, as notionally democratic and responsive to large voting blocks. In PoP, each unique human participant obtains one equal unit of voting power, and any associated rewards.

<span class="mw-page-title-main">Neurotechnology (company)</span>

Neurotechnology is an algorithm and software development company founded in Vilnius, Lithuania in 1990.

References

  1. Digital Onboarding Toolkit | Remote Identity Verification. Innovatrics.com. [cit. 2021-08-26]. . (english)
  2. eKYC - Online Customer Onboarding and Identity Verification. Innovatrics.com. [cit. 2021-08-26]. . (english)
  3. Latest NIST FRVT Results: Innovatrics Face Recognition Algorithm Among Global Top 10. Innovatrics.com . [cit. 2020-04-15]. . (english)
  4. Innovatrics algorithms power VeriFace onboarding service launch. Biometricupdate.com . [cit. 2022-05-09]. . (english)