AI Document Insight
AI Document Insight is an identity document authentication service designed specifically to address the challenges of authenticating and onboarding consumers on mobile devices.
AI Document Insight accelerates mobile onboarding by analyzing identity documents (IDs) in real time. The AI Document Insight platform features two secure web services that can be easily integrated into any mobile platform or web site:
- AI Extract reads government-issued IDs such as driver’s licenses and passports, extracts barcode and text data, and uses extracted data to auto-form-fill account applications.
- AI Authenticate applies patented Machine Learning techniques to analyze IDs for fraud and instantly authenticates IDs, returning an indication of whether a submitted ID is real or fake. AI Authenticate also tokenizes IDs, so they can be instantly recognized in future transactions.
Mobile Account Opening Made Fast and Easy
Upon receiving card imagery from the built-in camera on a smartphone or tablet, the Document Insight service:
- Reads card data, including card security features, and verifies the authenticity of the ID being presented either for account opening or for verifying subsequent transactions. Document Insight's analysis software is fully automated, providing near instant response (unlike services that rely on call centers for verification). In a competitive market, the service with fast, frictionless onboarding wins.
- Extracts card data and uses it to populates forms, reducing or eliminating typing and keystroke errors.
- Uses patented technology to store card imagery as a token, enabling an institution to track the use and location of specific IDs. This token could also be used as an added level of authentication for high risk or high value transactions.
- Applies card data to Customer Information Program (CIP) and other account-screening processes, such as DSi Accelerated Insight's AI Verify™ service for identity verification and guidance for account segmentation.
Benefits for Consumers and the Financial Organizations Serving Them
Document Insight enables companies to reach consumers on smartphones and tablets, streamlines account opening, and delivers a great customer experience.
Mobile account opening is especially important for reaching financially underserved consumers, many of whom depend on mobile devices for all their Internet access.
When integrated with our AI Verify service, Document Insight becomes part of a complete solution for real-time mobile account opening, comprising ID authentication, identity verification, and product segmentation and guidance.