Banking institutions and financial service providers rely on ID documents to verify a person’s identity. Although some staff may be trained to spot fake documents the majority are not in a position to do so, giving criminals, fraudsters and terrorists the opening they are waiting for.
Human error in verifying an ID document can result in unmeasurable harm – from fraudsters gaining access to funds they should not have access to, to criminals engaging in money-laundering activities. The implications for the bank or financial institution can be devastating.
Deploying easy-to-use and highly-configurable software such as ID Probe empowers staff to leverage the latest in security technology, reducing the chances of human error while validating the identity of a person.