Accura Scan has released a new ID Forgery Detection solution that was designed to help businesses spot the use of fraudulent identity documents. The solution was built primarily for the financial and telecommunications industries, with an eye toward the modern remote work environment that emerged during the COVID-19 pandemic.
In that regard, Accura noted that the recent increase in digital traffic created a need for effective cybersecurity solutions. ID Forgery Detection will help meet that demand, giving banks a way to verify the authenticity of identity documents in real time. The offering can also be paired with Accura’s existing KYC solution, which uses optical character recognition to read an identity document, before using facial recognition to match that ID to its proper owner.
For its part, Accura is hoping that the two solutions will help drive the company’s expansion into international markets. The company is based in Mumbai, but has received considerable interest from companies outside of India, and will specifically be targeting customers in the US, European, and Asia Pacific regions.
“With our KYC product, we had a demand from our customers to have real time ID Forgery Detection in place where document authentication becomes easy,” said Accura Scan CEO Yasin Patel. “In the pandemic, there was a need for the banks to redefine themselves as digital disruption was ubiquitous. Accura Scan’s KYC solution makes a perfect fit for financial schools that require security measures to prevent digital fraud or crimes in today’s virtual world.”
Accura Scan is not the first company to observe the surging interest in digital identity technologies. Onboarding specialists like Onfido, Jumio, and Mitek have all enjoyed record growth in the past year, as more and more businesses accelerated their digital transformations and adopted solutions that would allow them to verify the identities of their customers online.
July 19, 2021 – by Eric Weiss