By 2027, the global biometric identification and authentication market is expected to reach nearly US $ 100 billion. The market is projected to grow at a compound annual growth rate of 14.6 percent during the forecast period from 2019 to 2027.
Statista Shanhong Liu Sep 9, 2021
Until a few years ago, it was believed that there was a long way to go before the actions we take every day could be registered in a #virtual world in the form of data, and that based on said data the identity of people and processes could be authenticated.
The use of biometrics for the authentication of people, documents and processes is a reality; and today we can have #technologicalSolutions that, through the use of artificial intelligence (#AI), allow us to authenticate documents to prevent them from being easily falsified.
Nowadays, there are solutions that validate the identification (Id's), since by having a photograph of the user, they allow, through face recognition, the validation of the authenticity of the identification and prove whether it is authentic or apocryphal. You can extract information from the ID and keep a record of the IDs that the user uses frequently, to avoid future fraud.
It is important that these technological solutions can have the following characteristics:
• Authenticate official identifications such as: Passports, licenses and identity cards.
• Comply with the regulation of official institutions such as the Bank and official government agencies.
• To be able to extract information from the identifications, and keep a record of the identifications used by the user, to avoid future fraud.
With the use of biometrics such as the use of ID biometrics, process #security is increased, since the use of apocryphal identifications is minimized, and the experience of users in the interaction in the use of new technologies is improved.