Thales is getting into the onboarding business with the release of a new Identity Verification Suite (IDV). The Suite is fully automated, and is designed to meet the demand for touchless and remote identity solutions during the COVID-19 pandemic.
In concept, IDV is comparable to other remote onboarding solutions currently on the market. The platform will first confirm the authenticity of an identity document, and will then ask the user to take a selfie to prove that they are the owner of that document. The Suite uses facial recognition with liveness detection to compare the selfie to the image associated with the ID.
However, the Suite differs from some of its competitors insofar as the document check is not based solely on a photo of the document. The solution leverages the document’s existing security features, verifying its legitimacy with the information in the Machine-Readable Zone (MRZ). IDV also has NFC capabilities that allow it to read the chip in an e-document.
The IDV Suite can onboard users through mobile and web channels, and can also be linked to a network of dedicated document scanners in more industrial settings. The service-based solution can help organizations meet strict Know Your Customer regulations in many different industries, including travel, telecom, and financial services. IDV is built with technology in Thales’ Gemalto portfolio, while onboarding is flexible, and can be accomplished through a secure connection to the company’s IDV server.
“COVID-19 has created global shifts that are shaping the method in which people are identified when signing up to new accounts or digital services,” said Goode Intelligence CEO and Chief Analyst Alan Goode. “Thales IDV suite addresses the imperative to identify people in a trustful and ‘touchless’ way.”
MarketsandMarkets recently identified Thales as a key player in an identity verification market that is expected to reach $15.8 billion by 2025. Thales is itself a developer of e-documents, and has provided digital driver’s licenses and e-passports for several state and federal governments.
October 29, 2020 – by Eric Weiss