What does video verification consist of?
Video verification has a wide range of applications in the financial services sector, banking, or institutions whose activities are mainly based on customer contact. This method relies on the use of deep networks in combination with a face detector. Through the use of deep learning, it is possible to automatically identify the person presented in the video. Video verification not only saves time, but also relieves employees of numerous duties, thanks to the use of artificial intelligence.
Application of video verification in business
With increasing digitalization, video verification is slowly starting to become a standard security procedure in many industries. Until now, video verification has been primarily associated with the financial sector and used for purposes such as opening bank accounts. It also works very well in public administration or even telemedicine. In addition, many sales as well as manufacturing companies use video verification to reduce the number of fraudulent vendors on their platforms. It is also worth mentioning the use of video verification by phone manufacturers in the context of improving their functionality. One of these is the ability to unlock a phone’s screen using facial identification. In addition, video-verification provides security in many organizations, if only by monitoring entrances or exits to a building. This allows for continuous identification of people in a room, without the need to use identification cards. The use of an artificial intelligence mechanism is enough to enable the direct opening of doors for selected people using facial identification.
Why use video verification?
Video verification is the process of automatically identifying faces, which can bring many benefits. Among the most important are:
– Enhanced security – video-verification allows the organization to maintain a high level of security and reduce the risk of fraud and cyber attacks. A built-in mechanism based on artificial intelligence via video-verification identifies specific individuals, granting them, for example, permissions or access to premises on this basis. This means that unidentified individuals will not have the opportunity to be on the premises of the monitored facility.
– Saving time – the use of video verification speeds up deployment and customer service, giving employees additional time. The process takes them out of many activities. This allows employees to do more work in less time.
– Better quality and efficiency of employees – The video verification mechanism, which includes a properly designed algorithm, ensures high efficiency of person recognition. Thus, the probability of obtaining false results and performing incorrect actions is reduced to a minimum.
– Increase customer convenience – by implementing video verification, customers would be able to perform some of the activities without showing documents, but to still ensure a high level of security, it is recommended to have a two-step verification process.