Video Verification - The New Normal for Online Verification

As we increasingly rely on digital transactions in our daily lives, verifying our identity online has become crucial. With the rise of identity theft and fraud, organizations are turning to more advanced forms of verification to ensure the security and legitimacy of their customers. One such method gaining traction is video verification. This technology offers increased security, convenience, and speed, and is quickly becoming the new norm for online verification.

Source: Freepik

Video verification involves using video technology to confirm the identity of an individual. During the verification process, the user is asked to provide a government-issued ID or passport, which is then scanned using the video technology. The user is also required to show their face and answer a series of questions to confirm their identity.

As of last year, Google began using video verification to filter out legitimate businesses from fake listings. This is because video verification is more secure than traditional verification methods as it provides real-time confirmation of the individual's identity. This technology can detect facial expressions and other visual cues, making it harder for someone to impersonate another person.?

This is why Tinder is also now implementing video verification to curb scammers and improve security. Being verified means that the app will now give those users access to an elite circle known as “Photo Verified Cuties” which includes only those who have verified their account via video. And not only that, the company also plans to re-verify with a video selfie after a few months to maintain platform integrity and reduce potential catfish users.??

Source: Tinder

In addition to increased security, video verification also offers several other benefits. For one, it is faster than traditional verification methods and is more convenient for users. They can complete the verification process from the comfort of their own home, without the need to travel to a physical location. This makes it easier for people with mobility issues or those who live in remote areas to complete the verification process.

The use of video verification is becoming increasingly common in several industries, including finance, healthcare, and government. Financial institutions, for example, are using video verification to comply with KYC (know your customer) regulations. This helps to prevent money laundering and other financial crimes by ensuring that customers are who they say they are. Healthcare providers are also using video verification to confirm the identities of patients and prevent medical identity theft, which can lead to incorrect diagnoses, incorrect treatment, and even death. Government agencies are turning to video verification to confirm the identities of citizens and prevent identity fraud. By verifying citizens' identities, governments can ensure that only those who are eligible receive government services.

As we move towards a more digital future, video verification will play an increasingly important role in providing a safe and seamless online experience. With its ability to detect facial expressions and other visual cues, video verification offers a level of security that traditional methods simply cannot match. The convenience and speed of the process also make it a popular choice for many industries. It's clear that video verification is not just a passing trend; rather, it's here to stay as the new norm for online verification.