In a world where online fraud and digital hacks are on the rise, it’s never been more important to verify that your customers are who they say they are.
Luckily, advancements in facial recognition software now enable streamlined biometric identification and authentication, this means KYC and AML onboarding processes.
Fortunately, at CGTS stays ahead of the curve when it comes to keeping users secure and compliant. Not only does our deployment of biometric facial recognition technology eradicate friction in your customer onboarding process, but its robust architecture and automated workflow.
Biometric Facial Recognition
This technology encompasses software that identifies persons by their biological characteristics. For example, criminal investigations may use biometric fingerprint or DNA scanners, while high-tech security systems may involve iris scanning technology. Biometric facial recognition software identifies people from their facial features.
How Does Biometric Facial Recognition Work?
Facial recognition works by matching the biometric modalities in an image to a person or vice versa, or from an image to another image. The facial recognition process is broken down into five steps: detection, normalization, processing, extraction, and matching.
Use of Biometric Facial Recognition
Currently, there are three major markets in which biometric facial recognition technology is being applied: security, authentication (identification and verification), and analysis.
Across industries, these three applications are being exercised in the following innovative ways.
Biometric facial recognition systems are being utilized by criminal justice systems all over the world. One of the primary applications of the technology, widely used in China and the UK, is to track criminals and identify fugitives. It is also being used to trace missing adults and children through private and public security cameras to reunite them with their families. This initiative crosses over with the fight against human trafficking, where biometric facial recognition is being used to scan millions of online adverts to find victims.
Biometric facial recognition technology is also proving itself as an excellent fraud prevention tool, helping banks and financial institutions to weed out fraudsters. Where previously fraudulent users would submit false photographs, they must now pass biometric systems. These are much harder to fool.
If you want more information about it, do not hesitate to contact us.