Among forgery cases, identity cards remain the most frequently counterfeited. Identity fraud continues to be a persistent challenge, and it is estimated to increase by 12% annually. Fraudsters today employ more sophisticated methods that complicate the process of checking whether an identity is real or fake.
When it comes to catching fake identities, robust anti-fraud measures are crucial. Financial services companies need to redefine their identity check process to ensure that the entire customer verification process is both efficient and accurate in detecting fraud.
This article will uncover the best way to conduct an identity check, guiding you to easily spot a real or fake identity.
Understanding the characteristics of fake identities vs real ones
An identity card will always contain personal information, such as name, date of birth, national identification number, address, and a photograph. Assessing the completeness of these details alone may not be enough to distinguish between real and fake identities. A more thorough examination, preferably using digital verification tools, is necessary for accurate identity verification.
Are you suspicious of your customer’s identity? Here are some indicators of a fraudulent ID that you can check:
- The address does not match the ID number when cross-referenced with government databases.
- Inconsistencies in fonts, colors, and formatting within the document.
- Inconsistencies in image resolution across several parts of the document suggest potential tampering.
- Discrepancies when compared with other supporting documents.
- Traces of post-editing using PDF software or other tools.
Why manual verification is not enough
As document forgery techniques become more intricate, relying solely on manual verification processes can be highly risky. A more cutting-edge, comprehensive, and advanced screening system is required. Leveraging technology will allow you to identify and mitigate risks more efficiently. With automatic capabilities, this integration helps accelerate the verification process. But beyond that, it can also detect hidden signs of forgery that traditional methods may fail to see.
To ensure a more secure and reliable screening process, advanced technology plays a crucial role. This tool offers powerful features that can supercharge the customer verification flow, such as:
- Automated data input
Minimize the risk of human error with automated data extraction from the ID card you upload. - Backed up by multiple reliable databases
Not only does it validate based on government data, but it also checks for potential identity theft attempts by cross-referencing with various external data sources. - Cutting-edge fraud detection model
Identify potential fraudulent activities, such as information manipulation and document replication. - More accurate verification results
Through advanced verification processes, obtain more accurate and comprehensive results compared to manual procedures.
Discover the right verification tools for your needs
Optimize your customer identity verification process with the right solution. Fintelite presents highly flexible solutions designed to enhance your identity verification and fraud detection, facilitating all your needs for more efficient risk analysis. With our advanced model, cross-check data validity against trusted sources, detect potential fraud and forgery, and make a smarter decision. Book a demo today and explore how Fintelite can support your needs.
