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Austria’s KYC Challenges Solved: Biometric Authentication Technologies Ensure Global Compliance
In a bid to streamline customer onboarding and identity verification processes, Austrian companies are turning to advanced biometric authentication technologies. One such company is Biometrid, a Portuguese firm with international offices, which has successfully implemented Regula Document Reader SDK to address the country’s KYC challenges.
Overcoming International Identity Verification Challenges
With over 100 corporate clients worldwide, Biometrid specializes in remote identity verification and onboarding using artificial intelligence and multimodal biometric solutions. However, as the company expanded its international presence, it faced a significant challenge: ensuring regulatory compliance while serving end-users of different nationalities.
The Need for Robust Identity Verification Processes
Companies in the financial and government sectors require robust identity verification processes that can recognize various ID document templates worldwide. Biometrid’s old solution struggled to scale internationally, particularly in countries where paper ID documents are still widely used, such as Brazil, Mozambique, and Bolivia.
Regula Document Reader SDK: A Solution for International Markets
To address this issue, Biometrid conducted extensive market research and chose Regula Document Reader SDK as its main identity verification tool for international markets. Regula’s innovative ID verification technologies, based on decades of forensic research, enable Biometrid to accurately extract and verify data from nearly any type of identity document.
Key Features of Regula Document Reader SDK
- Accurate Data Extraction: The solution uses OCR technology that supports over 130 languages and scripts.
- Authenticity Checks: The extracted and processed data is cross-validated among all security features in the document, ensuring it is genuine.
- Secure Integration: The solution allows for smooth integration with a customer’s system via secure encryption.
Benefits of Integrating Regula Document Reader SDK
The integration of Regula Document Reader SDK has been a significant advantage for Biometrid, enabling the company to process a wide range of international IDs. With over 12,000 recognized document templates worldwide, Biometrid can ensure a fast and secure KYC process in major markets.
Quote from Evelyn Vianna, Head of Sales at Biometrid
“We’re thrilled with how the integration process went – Regula’s solution turned out to be fast and smooth. The ability to train the solution to recognize new documents also served as an advantage.”
As a result, Biometrid has been able to improve service for its current clients and explore new opportunities for international collaboration. The company is now better equipped to address Austria’s KYC challenges, ensuring global compliance while providing seamless customer onboarding experiences.