Online platforms nowadays are increasing as the demand is rising. People tend to rely more on their mobile devices rather than on physical interactions. Especially after the pandemic period, the usage of remote services increase. Users and clients flood online platforms. Organizations and businesses also shifted online with their resources to create a remote working environment. As every business and office is making an appearance online it is getting difficult to apply the security protocols as the attackers have multiple ways of manipulating digital channels. The KYC process of document verification was impacted very much as it needed users to verify themselves by completing document evaluations from the organization. For this purpose of verifying documents online optical character recognition technology adopts for the online platforms.
What is OCR Technology?
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OCR technology is a technique that modern-day systems use to convert data from digital image formats into machine-readable text format. It stands for Optical Character Recognition technology. It implements in the verification systems online. The OCR technology was introduced in the late 1920s, which evolved with the time that now it is so efficient that it is being used on critical online systems for multiple purposes. The document verification process online is backed up by the OCR technology which detects and analyzes the documents of the user to identify the data within the documents.
How Does the OCR Process Work?
Most online platforms implement the online OCR process. The critical banking and financial platforms always consider complete document checkups online before onboarding any new customer or client. The online identity verification solution prompts the user to upload their documents in the form of digital copies which are mostly images taken from a mobile camera. The scanned images of the documents get upload onto the online OCR systems.
Image Acquisition
The Document verification process initiates with the acquisition of document images. The OCR system accepts image file documents to further analyze and process the data within those images. The image acquisition phase is a necessary part of the OCR cycle.
Image Pre Processing
The OCR system validates the image file format to proceed with the interpretation process. The image analyzes with OCR scanning solutions to check for any sort of errors and issues. With the addition of AI in OCR systems. The system gets capable of identifying any sort of forgery or manipulation which performed on the document. Attackers use image manipulation tools such as photoshop to edit the data within the documents. This activity prevents using the newly improved AI-based OCR systems. It compares the image with tons of image processing and validation patterns to ensure the credibility of the image. This process of OCR scanning is also known as the image validation phase.
Extraction of Data
After the completion of the validation phase, the images analyzes. The OCR system then starts identifying the text fields within the document to extract textual data. All the text present inside the image detects. It extracts by the OCR system. It builds on datasets of character reading or glyph reading patterns. After that, it uses in the clear identification of textual data. The data extracts. It converts into a machine-readable file format. It’s call as binary data in computing terms.
Data Conversion
The OCR system extracts machine-readable format. It converts into editable data which is in the forms of alphabets and numbers. The machine-readable to alphanumeric conversion process is necessary in order to compare the values that are present in the documents of the customer to the data which is provided at the time of onboarding.
Online Document Verification With OCR
Moreover, the process of document verification works around this principle of the OCR system. The verification system successfully verifies the identity of the person by processing both the information provided by the user at the time of onboarding and the data extracted from the documents of the user. Moreover, the whole process carries out completely online with the help of AI-based systems. So, it plays an important role in the KYC identity verification process.
Wrapping It Up
The OCR solution is a great way of converting image data into text formats. It uses widely as the main source of image-to-text conversion for different purposes. Multiple sectors adopt the OCR software. It includes the educational institutes, health sectors, mobile phone industries, and other major groups of the digital world. In fact, the OCR solution plays a major role in the online identity verification process of the user. Moreover, it is a major driver in the document verification process. So, the use of OCR helps in securing online platforms from unauthorized users and fraudsters.
