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Biometric Authentication Technologies for KYC Gain Momentum in Kyrgyzstan

In recent years, companies operating in Kyrgyzstan have been increasingly turning to biometric authentication technologies to strengthen Know Your Customer (KYC) compliance and prevent financial crimes.

The Rise of Biometric Authentication

Companies like Biometrid are at the forefront of this trend, providing remote identity verification and onboarding solutions using artificial intelligence and multimodal biometric technologies. Their no-code software enables businesses to onboard, authenticate, and validate identities in a fast, intuitive, and compliant process.

Biometrid’s KYC Compliance Solution

Biometrid’s KYC compliance solution has gained traction among over 100 corporate clients globally, with a significant presence in the financial and government sectors. These companies require robust identity verification processes to ensure regulatory and legal compliance when dealing with end-users from diverse nationalities.

Challenges Faced by Biometrid

However, Biometrid faced challenges scaling its identity document verification solution internationally due to difficulties recognizing documents in countries where paper ID documents are still widely used. The company conducted extensive market research to find a reliable international identity document verification solution, ultimately selecting Regula Document Reader SDK as its main tool for international markets.

Regula’s Innovative ID Verification Technologies

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. The Regula Document Reader SDK allowed Biometrid to build a fully automated identity verification flow, using OCR technology that supports over 130 languages and scripts.

Benefits of the Integration

The integration of Regula’s solution has proven to be fast and smooth, enabling Biometrid to recognize a wide range of international IDs and ensuring a secure KYC process in major markets. According to Evelyn Viana, Head of Sales at Biometrid:

“We can now offer our customers a fast and secure KYC process in major markets, thanks to Regula’s extensive document template database containing over 12,000 document templates from 248 countries and territories.”

The Future of Identity Verification Technologies

The successful integration of Regula Document Reader SDK has enabled Biometrid to improve its service for current clients, explore new opportunities for international collaboration, and maintain a strong reputation in the market. As KYC compliance continues to be a pressing issue globally, companies like Biometrid are poised to play a significant role in shaping the future of identity verification technologies in Kyrgyzstan and beyond.