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Showing posts with the label Identity Verification

The Benefits of Digital Signature API

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  Implementing digital signature API in your business can benefit you in many different ways. Also known as eSignatures, digital signatures have become popular and various industries are taking advantage of this technology to enhance their business processes. When you embrace digital signature technology in your business, it can help you optimize your workflow and management processes. A digital signature API will enable you to collect signatures for agreements, deals, as well as contracts or legal documents directly on your website or product. You can integrate a secure, trusted eSignature API so as to sign documents, request eSignatures, automate the forms and data, and also speed up the signing process. With this technology, it is also possible to perform multi-factor authentication, and also download the sealed documents while also tracking the status of the docs in real-time, right from a website or your app. So, why exactly do you need to implement digital signature API in y...

The Benefits of Digital Signature API

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  You need to consider using digital signature API in your company if you deal with a large number of physical documents on a daily basis. The digital signatures will not only pave the way to a paperless future, but they will also make your workflow more efficient and increase productivity, and in doing so they will save you time and money. The following are some of the reasons why it is important to implement digital signatures in your business. When you use digital signature API, you can expect fast turnaround. With traditional signatures, employees have to do many steps to sign and return a document received via email. When you start using digital signatures, any type of documents and contracts can get signed with a click of a button. In the end, you can save time since these codes will replace the approval process on paper with a fully digital system which is faster and cheaper. Thanks to digital signature API, documents can be signed off almost instantly, from anywhere using...

How To Choose A Reliable Identity Verification Solution

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  We are in the digital era where everything is a click away. From customer onboarding to online payments, personal information is considered the most valuable resource in this day and age. Businesses are striving hard to implement processes that can allow users to efficiently perform their tasks in digital space. Identity verification is an emerging market in the digital sphere that is becoming a need for every digital business. With so many identity verification solutions to choose from these days, it can be a challenging task knowing which one is suitable for your business and which one is not. It is imperative that you choose a service-provider that brings transparency and security for the organization. To make it easier for you to choose the right identity verification solution, you need to evaluate your needs. It is a well-understood fact that every use case requires a different level of user authentication as well as security. For example, if your business needs a simple ve...

A Look At Digital Identity Verification

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  Digital identity verification is a necessary process for businesses in all sectors of the economy. It ensures an individual’s identity matches the one that is supposed to be. It involves comparing the set of unique characteristics and traits associated with an individual with the one claiming the same. This process is essential to ensure an actual individual is behind a process and prevent fraud through authentication as well as authorization. Whether online or offline, ID verification is a very crucial requirement for most procedures and processes, including online and offline banking, booking flights, or applying for a passport. Digital identity means how a person is represented and digitally documented online, sometimes through social login, work email address, or personal email ID. In a nutshell,  digital identity verification is a  process that validates an individual’s identifying characteristics or traits and verifies they really are who they claim to be by leve...

Reasons To Use FIDO Webauthn In Your Business

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  If you have not yet upgraded your web authentication to FIDO Webauthn , you should consider doing so to avoid missing out on the benefits that this technology has. WebAuthn enables online services to use FIDO Authentication through a standard web API that can be built into browsers and related web platform infrastructure. It is a product of a collaborative effort based on specifications initially submitted by FIDO Alliance to the W3C and then iterated and finalized by the broader FIDO and W3C communities. There are quite a number of reasons why it is a good idea to embrace FIDO webauthn. The first one is that this technology leads to improved security for customers and the business. WebAuthn replaces weak password-based login or knowledge-based answer recovery with strong public key cryptography with origin checking to prevent phishing. It makes strong authentication the baseline for using built-in and external hardware authenticators, something that in turn ensures the users ar...

A Look at Digital Identity Verification

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  Are you already using digital identity verification in your business? If not, you can be sure that you are missing out on a lot of benefits. This is a technology that every business, regardless of the sector of economy that it is in, needs to embrace. According to the Cambridge English dictionary, identity is ‘who a person is, or the qualities of a person that make them different from others.’ In simple terms, identity is a set of claims that can be used to describe a unique person, which can include permanent traits such as the date of birth, fingerprints and ethnicity, or semi-permanent traits such as weight, height, eye color and name. Verification is the act of proving or checking that something exists, or is true or correct. So digital identity verification is a process that validates a person’s identifying traits and verifies them against a real, physical human. The word digital relates to computer technology, especially the internet. When we talk about digital identity ve...

How To Choose The Right Identity Verification Solution

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  Are you looking for a good identity verification solution to use in your business? One thing you need to keep in mind is that a bulletproof ID verification solution does not exist yet, so the goal at the moment is to minimize the fraud because it cannot be fully prevented. But this does not mean that you should settle for just any ID verification solution you come across. The following are some of the steps you should make to ensure you are choosing the right solution. First of all, you will need to evaluate your processes.  It is important to keep in mind that not all use cases require the same level of security and validation. If the use case relates to, for instance, a simple verification of people who are checking into your office building, the set of information necessary for verification in this case does not need to be extensive. In this case, a biometric fingerprint verification and identity document scanning can do the job without the need for further checks. ...

Things To Know About Digital Identity Verification

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  Digital identity verification provides a significant opportunity for value creation for both individuals and institutions. In  the financial services industry, the pivotal role of identity authentication lies with the ability to establish and verify identities of customers as well as employees. This ability is essential to  maintaining customer trust as well as the security of transactions. The ongoing rapid growth in digitization, new technologies as well  as new user behaviors has  revolutionized the ways in which financial institutions interact with both their customers and employees. This process has dramatically changed the scope and procedures of their identity management obligations. Due to this, banks have started to re-evaluate their role in the identity supply chain. This is because the accurate verification and authentication of their customers’ identity online is becoming very important to the functioning of society as well as the successful appli...