Document verification is the process of verifying the legitimacy of a document. Businesses have to perform checks to verify the authenticity of customer-provided identity documents. These documents can be from private organizations or Government-issued documents, such as ID cards, driving licenses, bank statements, etc.
The need for Document Verification
Document forgeries and identity theft are on the rise, with passports, ID cards, visas, and driving licenses being the most forged identity documents in the world.
While modern identity documents have more security features that make forgeries easily detectable, fraudsters are raising their game and creating increasingly sophisticated duplicates. It has never been more important for businesses to implement safeguards by deploying robust and holistic document verification solutions.
Besides needing to detect and weed out fake documents, businesses should verify documents to enhance their KYC, KYB, and AML compliance.
Dojah’s Document Verification API
Dojah Document Verification API enables businesses to verify documents by leveraging Optical Character Recognition (OCR) technology to read and extract the data on the document. It provides high speed and accuracy, enables fraud detection, and drives automation for businesses.
The document verification process includes the following significant steps:
- Capture: Customers capture images of ID documents using a mobile device or high-quality camera.
- Classify: Our solution employs AI analysis to detect the type of identity document. It checks the document’s security features like watermarks, logos, holograms, barcodes, QR codes, and microprint. Our system compares it with other documents in the database to determine the document type based on the analysis.
- Data Extraction: The API extracts data from the document using OCR technology.
- Authenticate: The API runs the document through multiple security checks against a global network of official records to determine whether it is authentic.
Various AI checks validate and verify the documents’ authenticity, reducing identity thefts.
The Benefits for Businesses
Our Document Verification API provides high speed & accuracy, enables fraud detection, and drives automation for businesses that need our document verification services. This digital process allows businesses to break past the limitations and inefficiencies of manual document verification reviews, saving valuable time, money, and resources. This way, businesses can reduce operational costs by decreasing the manual workload.
Also, our real-time verification solution enhances the user experience and facilitates higher rates of customer onboardings. The API helps businesses mitigate fraud and remain compliant with KYC, KYB, and AML regulations by weeding out forged documents.
Businesses can scale with trust with the Document Verification API and verify identities in Africa’s largest economies, including Nigeria, Kenya, Ghana, and Uganda.
Ready to start verifying your customers’ identity documents the right way? Get started with Dojah today.