Biocube's BioKYC - The Next-Gen of Document Checks, Contactless Biometrics, and More

Forging or manipulating information on government documents is a serious issue for global organizations. Know Your Customer (KYC) protocols are set to bring transparency and legitimate users in an enterprise; however, they fail when technologies fail to validate or assure the discrepancies in the documents. Biocube is enabling this with BioKYC.

Biocube Technologies, Inc., is a contactless biometric identity solution provider that is combatting the real-life issues faced by stakeholders of enterprises in the hotel & hospitality, education, agriculture, BFSI, and other industries. The company's technology encompasses OCR, liveness detection, AML & PEP checks, and many other aspects.
Addressing the KYC Concerns

Biocube noticed that document spoofing, tampering, and forging were standard and rising issues across industries. The problem spread beyond the corporate sphere, allowing people to forge identities, cross borders, travel, and more. The threat becomes more significant with forged digital identities being sold off on the dark web at marginal prices. The problem extends roots into the healthcare, agriculture, and insurance sectors, with unauthorized people taking advantage of the benefits on behalf of the citizens.

The lack of protocols for checking the authenticity of the documents has become the root cause of these failed KYC checks, which often need to be noticed by the human eye. Even with advancements, government and private sector authorities still stick to traditional digital onboarding methods, majorly involving manual checks. The threat to digital identities remained at large until the innovation of a contactless document verification process incorporated under Biocube's BioKYC.
Biocube is Resolving the eKYC Problems with Digital Checks Beyond OCR.

Biocube's cutting-edge digital technology is a dynamic force, seamlessly integrating source validation, OCR, and automated form-filling. When it comes to identity documents, our system goes beyond simple validation by meticulously cross-referencing biographic and biometric data using unified content analysis, data consistency checks, and pattern recognition.

The AI engine extracts text values and images with ease, aligning them with the appropriate text fields and parameters for precise extraction. Biocube goes above and beyond in terms of Know Your Customer (KYC) procedures, constantly refining and elevating Politically Exposed Person (PEP) profiles.

The advanced liveness detection and face-matching capabilities of the company, combined with government photo identity checks and deduplication, not only prevent spoofing but also eliminate the risk of multiple enrollments for the same individual. For a deeper dive into the fascinating world of document liveness detection, head over to the BioKYC product page on the company's website.

4th Floor, ASF CENTER, Plot No. 362-363, Phase IV, Udyog Vihar, Sector 18, Gurugram, Haryana 122016

Biocube Technologies Inc. is India's most innovative & promising Artificial Intelligence enabled Biometric Software Platform, Products & Solutions designing organization. We bring a new paradigm in User Identity verification with redefined Security and User Control.

Our vision is to Empower & Enable every Individual to experience the power of AI & Biometrics on their smartphones & to bring Convenience, Seamless Experience & comprehensive Security into their daily life through biometric authentication-based Tap Digital Transactions. Biocube has a global presence, with its Development Centre in Gurgaon, Haryana, India.

We combine unmatched experience and specialized skills across more than ten industries, with more than 1200 features.

Biocube helps clients improve their performance and create sustainable value for their stakeholders. With approximately 200 people serving clients in more than ten countries, Biocube drives innovation to improve the ways in which the world works.

This release was published on openPR.