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Identity verification is the important process of ensuring that a person is who they claim to be when opening a bank account, applying for a loan, or other financial processes.

Statements that are verified include assurances of the accuracy and truth regarding those statements; they are sometimes called declarations.

Verification. / (?v?r?f??ke???n) / noun. establishment of the correctness of a theory, fact, etc.

Verification Process. The Verification Process confirms that Design Synthesis has resulted in a physical architecture that satisfies the system requirements. Throughout a system's life cycle, design solutions at all levels of the physical architecture are verified to meet specifications.

Another way to verify a document is to compare the ID photo and the uploaded selfie of the customer. If the characteristics of these two images match, the user is the genuine owner of the submitted document. Reduce fraud, improve customer turnaround time and ensure compliance with smart document verification workflows.

A verification form is a certification to prove or confirm the status of an individual. The process usually requires a third (3rd) party to provide documentation, such as a letter, as evidence. After the form has been completed, the party verifying the information requested should be signed.

The document verification process can usually be broken down into four steps: document collection, data extraction, document validation, and manual verification. Digital document verification can help you meet regulatory requirements, mitigate fraud, build trust, and onboard customers faster.