Shufti Pro is supplementing its document recognition platform with a new NFC Verification feature. The feature takes advantage of advances in smartphone and smart document technology, noting that 81 percent of smartphones now boast NFC reading capabilities.
By the same token, there will be 3.6 billion national IDs with an e-chip in circulation before the end of 2021. NFC Verification will allow Shufti Pro users to read the information in those chips using an NFC-enabled smartphone, which will in turn allow customers to confirm the authenticity of those documents (including e-passports and e-driver’s licenses) with even greater accuracy.
In that regard, Shufti Pro already boasts an impressive 98.67 percent accuracy rate, before the introduction of NFC technology. The solution was built to help organizations fulfill their Know Your Customer and Anti-Money Laundering obligations, confirming information like face, age, and address to give organizations more confidence when doing business with those individuals.
To complete the NFC Verification process, users will still need to take a picture of their official ID. They will then be asked to scan the ID, and Shufti Pro will match the information in the chip to the information displayed in the photo. Shufti Pro’s solution also utilizes selfie biometrics to make sure the ID belongs to the person holding it.
“Businesses are looking for faster identity verification, and it’s crucial for us to adopt the new trends in mainstream technology and provide our customers with a more reliable identity verification process,” said Shufti Pro CTO Shahid Hanif. “This will not only enhance the accuracy of results for our customers but will help them improve their customer experience by incorporating new technologies in user verification.”
Shufti Pro is not the only identity verification specialist that has implemented NFC features in the past few months. ARIADNEXT, Mitek, and Innovatrics have updated their platforms to offer greater support for e-documents and NFC technologies.