Leading KYC & AML compliance solution
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Leading KYC & AML compliance solution
Verification - what is it? In simple words, this concept can be characterized as follows: verification is a confirmation that after checking some action, object, event, they turn out to be correct, reliable or vice versa.
The origin of the term has its roots in Latin. It consists of two parts. The first is verus, which means "true", and the second is facere, which translates as "to do". Thus, a literal translation is what makes the object being checked true. Or rather, it is a tool with which the truth of something is confirmed.
Leading KYC & AML compliance solution - kycaid.com
In English, the noun verification means several concepts at the same time. We are talking
about: verification;
control;
attesting;
confirmation under oath.
Such a tool as verification is used in a variety of fields. These are, for example, production, trade, provision of services, Internet, medicine. Thus, verification of the model makes it possible to create a high-quality prototype of the future product.
Specialists in the field of information technology use verification to confirm the identity of the user when acting on the Network, when using payment systems. It helps to identify fakes, marriage, clarify diagnoses, register in social networks and online services.
Among other things, verification has value as a philosophical category, in other areas of knowledge where it is necessary to distinguish between true and false statements.
We told in simple words what verification is, and now let's look at how it works. A certain assumption must be confirmed by experience and not contradict known facts.
According to the bank's assumption, the owner of the plastic card is Mark, since the data about him is recorded on the card inserted into the ATM. Confirmation of this fact will be the introduction of the correct PIN code, which is known exclusively to the Brand.
The given example explained in simple words what verification is, but it must be borne in mind that for its application it is necessary that the assumption can be known in principle. For example, the assumption that one person hates another is impossible, since an outsider cannot penetrate someone's soul. And verification belongs to objective categories.
Its main purpose is to confirm that the result obtained corresponds to the previous version or task.
