NFC authentication makes the ultimate KYC experience

Near field communication （NFC） Based on the famous RFID technology , since 21 It has existed since the beginning of the century , But in the past few years , Especially during the epidemic , With the expansion of the scope of application , Has experienced real maturity .NFC Technology is rising , Because it powers our smartphones and credit cards , For non-contact payment or doors unlocked by touching the smart key . More applications are possible , Many of them have not yet been foreseen .

Various regulations on customer due diligence and the recommendations of the financial action task force on money laundering have led to KYC requirement , Many end users find these procedures cumbersome . Thanks to advanced technology , These systems are now based on artificial intelligence , To get accurate and fast results . For all that , There is always room for improvement , If your enterprise can join legal customers within one minute , How will you feel ？ That sounds cool , Am I right? ？NFC One of the key advantages for the enterprise is its authentication efficiency . Let's see what this technology is , How it works , And what role to play in Authentication .

What is? KYC?
KYC（Know Your Customer Know the initials of your customers' three English words ） Used to verify the identity of the customer , For legal customer induction and fraud prevention . As technology advances , Based on artificial intelligence KYC The system contains certain checks , To verify government issued identity documents , And check the real-time existence of the end user through face verification .

In view of the significant increase in criminal activity in the past few years , Regulators and the financial action task force have implemented certain rules and regulations in the financial sector , To combat fraudsters . One of the laws is to conduct customer due diligence or know your customer （KYC） Check , This can not only help the financial sector effectively deal with fraudsters , You can also join customers seamlessly in a short time .

KYC It is the basic requirement of all financial institutions , But as the epidemic spread , today ,KYC There have been many changes , The original physical environment is visible KYC The scenario does not necessarily become feasible , From customer expectations to strict regulations , In addition to regulatory changes , Customers' needs have also changed over time . They seek a higher level of convenience , And the tedious process can't attract them at all . Customers with digital devices are looking for simple but interactive processes , therefore , Pairs of numbers KYC The demand for . Based on Prediction , There must be a seamless authentication process , Regular updates , To meet rapidly changing customer expectations .

Gone are the days when financial institutions reviewed customers on the basis of high-risk ratings . Now? , Corporate entities have better ways to perform authentication checks , And update the customer's personal data whenever necessary .KYC Our future is eternal , Because the regulatory structure will become more and more rigid in the next few years . Financial institutions need real data , And regularly update the customer's personal data according to their own preferences . That's the only way , The company can provide customers with seamless KYC Experience .

NFC How technology works ？
NFC It's a small chip , Embedded in government issued identity documents , Including passport, ID card and credit card / In debit card . These chips store all the personally identifiable information ,NFC reader （ Now it's usually in smartphones ） Access to information , Make the transaction seamless .

NFC Technical representative near field communication , This is a standards based wireless technology , Enable consumers to conduct contactless transactions . In terms of contactless payment and contactless information sharing ,NFC More compatible in the modern world . Completing the transaction requires support from NFC For simple scanning .

NFC It can be used as a means of reading data for identification and authentication purposes . And optical character recognition （ Use the camera to read documents , Then identify what is written on the document ） contrary ,NFC From include RFID Read data from the identification file of the chip , Personal information and physics on these chips ID The code is the same . Many are even made up of pictures 、 Biometric information such as fingerprints （ Biometrics ID） Add .

As early as 21 At the beginning of the century ,NFC The application of has not been widely spread , Because operation requires different machines —— This is an obstacle to daily use . However , Nowadays almost everyone has something in his pocket , Because modern smart phones are usually equipped with the necessary functions .

Use NFC Authentication combat identity fraud
With the continuous development of Technology , Fraudsters have developed significant ways to evade authentication checks . One such approach is synthetic identity fraud, which has become increasingly popular over time . Impostors use a lot of real information , And combine it with some false identity details , To create a new identity document . Identifying such fraud is the most difficult , But the use is based on NFC Authentication can greatly help enterprises fight against identity fraud .

NFC Reading clearly requires the right media to extract information . Most ID cards come with chips , All relevant information can be saved . The international civil aviation organization （ICAO） And other organizations have always been the driving force behind the development of standards for such documents , To ensure that countries do not go their own way , Instead, create an interoperability ecosystem , To meet the needs of identity in a globalized world .ICAO 9303 Standards have been firmly established , And be 188 Many countries adopt , They model documents such as passports accordingly , And equipped with chips , Convert it into an e-passport , Ready to support NFC Smart phones and other devices for touch and recognition .

Safety first
Because such highly sensitive data is encoded on the chip , Safety is naturally the top priority .ePassports And similar documents come with a series of security measures , To stop the trail of fraudsters and identity thieves ：

Privacy protection during data reading ： To protect ID The owner is protected from data transmission “ hacking ” Try （ Attempt to browse data during read ）, Integrated basic access protocol （BAC） Other safety measures .
Authentication measures ：RFID Chips are usually digitally signed by the country of issue . Each country has its own national certificate , It can be verified , To detect forgery and manipulation . This process is called passive authentication . More advanced measures such as active authentication and clone authentication can be used to evaluate whether the real chip has been replicated .
Prevent identity theft ： Many electronic identity cards contain not only personal information , It also contains biometric data such as photos and fingerprints . Although fingerprints cannot be accessed by any organization other than the authorities , However, the biometric photos kept on the ID card can be compared with the self photos recorded during identification , To ensure that the customer is who they claim to be , And avoid identity theft .
For businesses , Attract only legitimate customers , Enterprises can start from NFC Benefit a lot from the authentication system of . Because most smart phone users have support NFC The equipment , There is a high probability that the company will verify its identity in a few seconds . From healthcare to the banking and financial sectors , Almost every industry can learn from NFC Benefit from certification . This process is very convenient , It only takes a few seconds to complete .

The dandelion （https://www.pgyer.com/authNFC） Unified mobile identity authentication solution , Achieve the ultimate KYC Real name authentication user experience .