PRESS RELEASE
London, England – 4 th May, 2022
VirtualSignature launches the most advanced ID verification
solution delivering 100% accuracy against identity fraud
VirtualSignature, a leading UK developer of Regulatory Technology, has been working
quietly over the past year with clients and accreditation bodies to develop SmartCheck ID
Validate, one of the most advanced ID Verification solutions on the market, delivering 100%
accuracy against identity fraud and jumping ahead of what competitors can currently offer.
Combined with its existing SmartSign eSignature solution, it now offers one platform
through which customers can send documents and verify the identity & signature in one
process, so they know that the person signing the document is who they say they are.
Identity fraud accounted for 61% of all cases of fraud reported to CIFAS 1 in 2019 and this has
increased significantly during the pandemic. In addition, criminals are getting more
sophisticated in the way they fake IDs. Other solutions use 2D images for verification,
however, these can be easily faked because 2D images of many people are available
through social media over the Internet. SmartCheck ID Validate on the other hand, with its
ISO 2 rated 3D face recognition technology, provides a strong liveness check and contains AI
enabled 3D face mapping which IS NOT publicly available online. This ensures that the user
is physically present and is not using 2D photo images, masks, or deep–fake.
SmartCheck ID Validate also has advanced Near Field Communication (NFC) based
technology which verifies the RFID chip data contained within any valid government issued
ePassport that is ICAO 3 recognised. It carries out multiple checks including verifying the
photo ID in the document to detect whether it is fake and issues a certificate to confirm
that.
The combination of the SmartCheck ID with document signing capability provides a
complete end-to-end onboarding solution which reduces risk and satisfies regulatory
compliance.
David Kern, CEO at VirtualSignature said, “Up to now, digitally identifying someone has
been a separate process from eSigning and witnessing complex, sensitive and time-critical
documents and deeds. Professional firms now have the ability to carry out the process in
one transaction, resulting in faster completions. The whole onboarding journey for their
client has become more convenient and secure.”
Government departments too, such as the HM Land Registry are encouraging the use of
digital technology in identity verification by setting standards and offering a ‘Safe Harbour’
for those property conveyancing firms who meet the requirements. Under Safe Harbour,
HM Land Registry would not seek recourse against conveyancers who comply with the
standard in the event their client was not who they claimed to be.
David Kern went on to say, “Our SmartOnboarding platform, which allows firms to add their
own brand, offers a modular approach so they can use the right level and combination of ID
validation and eSignature that meets their specific needs and level of risk they want to
manage. With the latest SmartCheck ID Validate solution, they can now get the highest level
of accuracy, reduce risk and achieve Safe Harbour.”
Notes:
1. CIFAS, A not-for-profit fraud prevention membership organisation. UK's leading fraud
prevention service and a trusted partner of the UK Government.
2. ISO, International Standards Organisation.
3. ICAO, A United Nations specialised agency, funded and directed by 193 national governments.