Smile Identity, an identity verification company based in Africa has announced that, it is going to be launching the document Verification, which has been the latest product designed by the company for the purpose of helping the companies for on boarding the users on the platforms of the company.
From the digital banking and lending to remittances to the cryptocurrency trading, the businesses of Africa and the platforms have been experiencing an increase in the demand on the continent along with reinforcing the need for the trust in a digital environment.
Now, the platforms which had been running on the Know Your Customer (KYC) checks, with the help of the Smile Identity, they can possibly verify the documents for onboarding their customers, and the Document Verification product of the company has been responsible for confirming the authenticity of more than 140 ID documents across 100 countries in the regions including North America, Europe and Africa and also leveraging the OCR (Optical Character Recognition technology for the purpose of reading the KYC information on the document itself.
This new technology has also been offering an experience of no friction for the users, who can simply capture a seflie and photo of the document for the purpose of proving their identity online, and then the company will be taking care of the rest of the work.
