As the world is moving towards digitization, the facial recognition system has been on trend for many years. The biometric system helps the industrial and healthcare sectors in many ways. The system is used in both maintaining the security and marking the attendance. Biometric identification services are even used in digital banking services as well. It has streamlined the identity verification solution and has taken the charge of the corporate world. The technology has become so advanced that it detects people’s faces even with their masks.
An AI-assisted system that detects and confirms a customer’s face is known as online facial recognition. It matches their faces to those on any government-issued ID card. It essentially avoids the risk of spoof attacks such as false news during customer onboarding. Additionally, this technology is capable of deciphering minute details such as face spots and beard patterns.
The Rise In The Use of Face Recognition Systems
A face verification system comprises of biometric verification service that detects the facial structure to verify the user’s identity. The facial detection could be done through a picture or video, or it could be through liveness detection. The AI-based technology identifies a person by comparing their face to the provided documents on the authorized government identity documents. The advanced technology to validate the person’s identity is through liveness detection, 3D depth perception, sensors, and analysis of skin texture.
The effectiveness of the facial recognition system is enhanced through AI algorithms, training models, and machine learning. Business sectors need upgrading technologies to save themselves from illicit activities. Facial detection prevents many malicious frauds like identity theft, spoofing, and fake identities.
History Of Facial Recognition System
Face recognition technology was developed in the 1960s and has since been applied to a range of applications, including personnel management. Face recognition has evolved into a face detection algorithm that is used to detect spoof assaults and fraudulent identities.
Face recognition on the internet is now combined with AI to provide a competitive advantage. The face recognition market size has increased as a result of cutting-edge technology. According to Statista, the market for facial recognition will grow to USD 7 billion by 2024. According to another research, the industry is expected to be worth USD 10.9 billion by the end of 2026. Face recognition has grown dramatically as a result of this massive growth in market size. Continue reading to see how facial recognition has become the current trend in the business sector.
Use of Facial Recognition In The Corporate Sector
During the pandemic, businesses face myriad challenges. The world was worried about the after-effects of the pandemic and how it would affect their businesses. The ratio of fraudulent activities increases and it will rise shortly as well. The facial recognition system is a proficient way for businesses to secure themselves. Dig deeper into the online face verification in various sectors:
1. Face Recognition Technology In Travel Sector
Criminals forge identities to create an escape route through airports. A facial recognition system installed in airports prevents criminals to forge identities, and from identity theft. It simplifies the process of users’ onboarding after verifying their identities. Airports use facial-recognition software through touchless kiosks through which passengers can proceed with document verification without keeping in contact with anyone. Japan’s airports were testing facial recognition technology at the airports while Brazil announced to integrate of this enhanced solution at their airports.
2. Hotels And Recreational
The hotel industry uses face recognition technology to identify its guests. This can assist them to verify their again accurately. Moreover, criminals taking shelter in hotels can be identified through the facial recognition system and help the hotels keep their reputations safe and secure.
3. E-commerce
Online businesses often face fraudulent cases and become victims easily. Research shows that online businesses must integrate facial recognition online to make sure that the platforms are secured and safe. Fraudsters who stole identities buy online items and then move out of the way. And then the victims complain that the transactions should be reversed reporting the crime. The item sold by the retailer to the criminal now has to compensate the victim. E-commerce platforms must be fully secured with face recognition technology to avoid any kinds of fraud and keep their users safe. Document verification service is used for this purpose.
Wrapping it Up
Increasing the resilience and dependability of the identity biometric technology needs a device that can do the verification automatically while still utilizing cutting-edge technology. Face recognition is one oaf the most recent innovations in automated identity identification that is regarded as a must-have. Facial recognition technology can rapidly detect a false or counterfeit identity document presented by a criminal.
