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Before signing the application you should read the basic information on data protectio here
Basic information about Data Protection Responsible Party ICAR VISION SYSTEMS, S.L. Purpose Commercial research. Legitimization Consent Recipients Data may be provided to other companies in the group and to third party companies in the technology sector. Rights Access, rectification, cancellation, opposition, limitation of processing, data portability, and to not be the object of automated individualized decisions. More Information You can consult detailed information about the protection of your data, then in the Privacy Policy
We are completing more and more operations through the Internet, but we are also increasingly worried about the security of our data. Transactions are increasingly easier and more convenient. We enter our name, email address, credit card number, and shipping information, and we check out. But, how does a company know that we are who we claim to be? Is it really that easy for someone to steal our identity and pass for us? The fact is that, although identity fraud is still a very real problem for people and companies, identify verification techniques and online fraud prevention are growing more sophisticated. In short, and without going into detail to avoid giving ideas to potential scammers, these are some techniques that, combined, are used to verify a person’s identity online.
When an identity document is authenticated, two factors are validated. First, it confirms that the document is authentic and not a forgery. Second, it confirms that it corresponds to the real identity of a person, who is who the person claims to be (it confirms that the person is real, alive, and the person represented by the document).
This is an essential step in the process of verifying the person’s physical identity, i.e., knowing who is really on the other side of the operation or transaction that is being completed.
The third step is the connection between the person’s digital identity and real identity. The algorithms that conduct this verification are complex and sophisticated, and they perform the following, among other elements:
Digital identity verification procedures are getting faster and easier for the user to perform. There are fully automated solutions that allow users to conduct an onboarding process or open an online account in less than 20 seconds.
The current technological solutions are much more reliable than any manual verification, for example. For ICAR, the identity verification solution has a reliability index of 99.8%.
For the company, the automated identity verification technology improves the user experience, as it allows users to complete registrations and transactions much more quickly and easily. This drastically reduces abandonment of the onboarding process. In addition, it helps reduce online fraud, a problem that leads to millions of euros in losses each year for the financial sector. For the user, in addition to ease of use, these systems increase the security of personal and financial data when the user performs an online operation, and they reduce the risk of the user’s identity being stolen.
