In the age of the fourth industrial revolution, technological innovation has facilitated the growth of various businesses through automation and robust IDV services. Applying face scanning technology can help enterprises strengthen customer relationships while ensuring compliance with KYC & AML regulations. This not only secures a strategic advantage but also maintains market credibility.
The following blog discusses the importance of face scanning solutions and how businesses can achieve milestones with innovative systems.
Face Scanning Solutions – A Quick Overview
Face scanning is a biometric technology that screens facial contour points and cross-checks the data against pre-existing information. The cutting-edge system works best across an edge computing infrastructure. The state-of-the-art service has been in the market for several years, but it is still going through large-scale implementation. The following section discusses various functions of face recognition technology in the modern world. Key functionalities of the facial recognition scanner are below:
- E-KYC and Spoof Attack Prevention
Electronic know your customer is a procedure that is about validating a client’s ID credentials through photos or videos. The cutting-edge solution is widely used in the BFSI sector.
- Customer Segmentation & Analytics
For effective advertising, the analysis of unique characteristics of clients is important, such as gender, age, and emotional state. This helps marketers in customer segmentation and innovative analytics.
- Health Measures
The application of biometric face scanner solutions can help professionals keep track of patients wearing or not using masks. This can also examine if the entity has a fever or not before allowing access to buildings.
Best 5 Innovative Use Cases of Face Scanning Solutions
Facial verification systems are a foolproof approach to fraud prevention. The following sections highlight the notable use cases of innovative technology for modern-day industries:
- Improving Access Control
Face scanning solutions are widely executed in commercial and residential areas to allow access to accredited entities, family members, and registered guests. This way, users can easily restrict access to suspicious parties or unaccredited entities. With facial scanner services, businesses can improve access control. For instance:
- Employee and visitor door entry in buildings
- Smart locks for various areas
- Intelligent elevator systems
Customers report customs & immigration screening procedures to be tiring and time-consuming. Recently, self-service kiosks and access control measures with face scanning technology have guaranteed a positive experience for clients. For instance, passengers experience:
- Smooth onboarding procedure
- Better immigration control
- Enhancing Security & Surveillance
Surveillance systems are present almost everywhere in various settings. This contributes to societal well-being and provides unbeatable security. From WiFi-connected cameras to sophisticated IP systems, video-based monitoring facilitates the recording of all events for later investigations.
Previously, effective security measures relied on watching live video recordings manually and alerting officers promptly. This outdated approach was not only expensive but also unreliable.
The combination of face scanning solutions and security systems can ensure unbeatable security while reducing costs. This way, security personnel can recognize suspicious identities quickly and alert officers for safety interventions.
- Streamlining Health & Safety Measures
During the pandemic, the earth and safety of users became a number one priority for authorities. This resulted in mask-wearing and temperature checks before entering train stations, shopping malls, and other areas. It became an interesting application of face scanning solutions to ensure the safety and health of concerned entities.
Heath kiosks can facilitate retailers, restaurants, hotels, and public transport service providers. Public transportation is a sector where health measures can still work even after the pandemic. This is where the application of face scanning solutions can be immensely powerful.
- Facilitating the Fintech Sector
KYC is a customer ID verification service that all businesses must implement according to global regulatory authorities. This instructs experts to calculate the risk associated with clients’ profiles and corporate partners.
KYC plays a vital role in identifying & discouraging money laundering and terrorism financing schemes. The BFSI sector can easily validate the identities of concerned parties through government-issued records. For instance, the software instantly screens passports, driving licenses, and rental agreements. This way, businesses can prevent identity theft and limit the access of minors to age-restricted products. It can help gaming service providers ensure compliance with know your customer and anti-money laundering regulatory obligations. Technological innovation has allowed businesses to streamline the whole process and benefit from IDV services from anywhere in the world.
- Supporting Retail & Personalized Customer Experiences
For several customers, facial scanner solutions have a wide range of applications, especially in providing a personalized customer experience. For instance, loyalty program members can easily register a facial ID for a customized experience. In modern times, it is relatively easier to integrate a well-designed facial recognition SDK in smart signs and intelligent kiosks.
When designing face scanning solutions, it is a good practice to examine widely deployed industrial applications. For instance, if experts want to apply the latest face validation systems for visitor access control, there are real-life examples of businesses of all sizes and scopes.
AI-powered face scanning solutions are GDPR & PCI DSS-compliant services that secure a competitive advantage for users and attract genuine clients from all over the world. This way, corporations can strengthen relationships with customers and win loyalty & trust.