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/New Product Release: major anti-spoofing upgrades that prevent fraud while optimizing conversion rates

Marta Morrás

Marta Morrás

Global Marketing Director

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We are thrilled to announce the launch of our latest release, 2023.3, which comes with substantial enhancements to all our products aimed at improving accuracy and performance. These updates have resulted in a significant increase in conversion rates, a crucial factor when assessing the effectiveness of biometric solutions. At Veridas, we take pride in our ability to certify the performance of our products, and this latest release is no exception.

Digital Onboarding: broader coverage and better reading, and improved anti-spoofing algorithms

We are excited to announce our latest product release, which includes significant improvements to our document verification engine, liveness detection algorithms, and software development kits (SDKs). These updates bring a host of benefits to our users, including enhanced accuracy, faster processing times, and improved conversion rates.

One of the most significant improvements we’ve made is to our document verification engine. Our photo replacement algorithms have been upgraded for all passports, resulting in a global boost to document reading and significant enhancements to conversion rates. In addition, our worldwide coverage has been expanded to include additional IDs such as the new Italian ID card (2022), the new Canadian (Alberta) driving license, or the new Peruvian residence permit document.

Face Biometric Authentication: improved anti-spoofing algorithms while boosting conversion rates

We’ve also introduced a new liveness detection algorithm that improves our onboarding solutions’ accuracy, conversion rates, and processing times. As an example, this new algorithm has led to a remarkable increase in conversion rates for our video-selfie solution, which has jumped from 72% to 96% reducing computing time by less than half. For our passive liveness detection solution, conversion rates have improved to ~94.

Our SDKs have undergone significant improvements to enhance the capturing process for both documents, selfies, and videos. This means that our users can now experience even faster and more seamless capturing processes, leading to a more streamlined and efficient user experience.

Voice Biometric Authentication: enhanced liveness detection algorithms to stop fraudsters for good

In addition to the improvements mentioned above, we are proud to announce that we have significantly enhanced our voice biometric authentication solution. These updates have been designed to improve the security of our platform and further protect our users’ identities.

One of the key improvements we’ve made is to raise the security barriers of our system, with a particular focus on detecting and preventing replay attacks in the form of pre-recorded voices. Our enhanced antispoofing engine has been specifically designed to detect both low and high-quality spoofs, increasing detection rates by 35% and 80%, respectively. This means that our system is now even better equipped to identify and prevent fraudulent attempts to access user accounts, further improving the security of our platform.

We take the security of our users’ data very seriously and are committed to investing in the latest technologies and techniques to stay ahead of potential threats. Our enhanced voice biometric authentication solution is just one example of this commitment, and we will continue to work tirelessly to ensure that our platform remains at the forefront of identity verification technology.

Overall, our latest product release represents a significant step forward in our ongoing commitment to providing cutting-edge identity verification solutions that deliver the highest accuracy, speed, and reliability. With these improvements, we are confident that our users will enjoy an even better experience when using our products, making them more accessible and convenient than ever.

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