Tag: Verification

The Pros Of Evaluating Customers Via Selfie Verification
Fashion

The Pros Of Evaluating Customers Via Selfie Verification

Modern-day systems perform the selfie verification method to verify the identity of online customers. This way of authenticating clients provides an effective solution to problems like identity theft, scamming, and money laundering. The selfie verification method uses biometric facial recognition technology to identify faces in the least amount of time. The face verification market is growing each day with most companies adopting it as their first step in verifying new clients. According to Statista reports, the facial recognition market share is boosting at a great pace. In 2021 the market revenue was recorded at $5 billion. These numbers are estimated to touch the $13 billion mark by 2027.Facial Recognition Technology Conceptualized back in the 1920s, after which the process of fa...