Payments Canada recently published an article overviewing how AI/ML can enhance Digital ID verification systems.
In an increasingly digital world where concerns around fraud and misuse of personal data are growing, there is a call for more efficient methods of identity verification that go beyond the use of traditional Identity Documents (IDs) such as driver’s licenses and passports. Digital ID is an alternative to traditional IDs that verify identity using a combination of existing IDs and personal information attributed to an individual. However, Digital ID verification systems have shown enhanced accuracy and precision with the incorporation of artificial intelligence (AI) machine learning (ML) technologies.
The paper provides an overview of how Digital ID verification systems work with AI/ML technologies through ID document and biometric verification processes and what a cohesive Digital ID framework can do for the payments industry.
