Reston, Virginia, June 11, 2024–(Business Wire)–As innovative digital verification methods emerge, the debate over their reliability and validity is heating up. However, a recent study found that:The new imperative: digital ID“ Research commissioned by Regula reveals the continuing importance of physical identity documents: despite increasing digitalisation, many organisations around the world still rely on physical documents for verification.
Current state. According to a Forrester Consulting study commissioned by Regula, businesses verify identity in a variety of ways: 46% of respondents still manually verify documents, even in remote scenarios including video interviews and submitting passport scans. Some businesses have automated this process (53%) or switched to more secure forms of user authentication such as biometrics (54%) or multi-factor authentication (49%). A significant number of businesses (44%) use third-party services that often rely on physical documents for thorough identity verification.
According to a Forrester Consulting study, while innovative digital verification methods are evolving, physical identification remains essential to ensure reliable identity verification in a variety of regulated environments.
Reliance on physical documents is particularly prevalent in industries with strict security requirements, such as aviation (63%) and finance (44%). Organizations in countries with strict regulatory frameworks, such as the United States (50%) and Germany (49%), also continue to rely on manual checks.
Barriers to widespread adoption of digital identity. One of the obstacles preventing the widespread adoption of digital ID concepts is the lack of a common legal framework for this form of identity proof: 74% of respondents highlight the need for global digital ID standards and legislation to ensure identity interoperability across borders.
However, agreeing on such standards will be difficult, with diverse regional views on identity and privacy (71%) and technology gaps between countries (70%) also cited as concerns. Addressing these challenges will require collaborative innovation from authorities, companies and identity verification (IDV) market players.
A unified approach will be the linchpin in establishing consistent and reliable digital identities and contributing to the development of the IDV market. With 72% of surveyed stakeholders believing that unifying digital identities will help develop a robust global digital economy, this process is likely to begin sooner rather than later.
“Digital IDs will significantly change the way we approach identity verification and bring a whole new dimension to the existing framework. However, the current introduction of digital IDs will not disrupt the IDV market. There are many indications that long-term support for current identity document types is necessary. Each country can adopt new approaches at its own pace domestically, but the global transition to digital IDs must be universal. This transition is hindered by various obstacles related to political and economic issues, as well as a lack of public awareness of this technology. Ultimately, to obtain a digital ID, it will be necessary to present a physical passport or ID card, at least at the initial issuance stage. Even after a full ICAO standard for digital IDs emerges, its global adoption and the development of such a system will take time and may involve significant costs. Until that happens, we are just beginning to explore this new possibility.“ “Regula is committed to delivering the highest quality of service to our customers,” said Ihar Kliashchou, Chief Technology Officer at Regula.
The full study with all the details can be downloaded for free here.
About Regula
Regula is a global developer of forensic devices and identity verification solutions. With over 30 years of experience in forensic research and the world’s largest document template library, we create groundbreaking technologies for document verification and biometric authentication. Our hardware and software solutions enable over 1,000 organizations and 80 border control authorities around the world to deliver first-class client service without compromising safety, security or speed.
Regula has repeatedly been named a representative vendor in Gartner®’s Market Guide for Identity Verification.
For more information, visit www.regulaforensics.com.
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