SIGNIFICANCE OF VERIFICATION APIs

The number of digitally executed identity verifications in India has increased during the past three years. The devastating epidemic that caused record-high identity theft, ATOs, and countless other frauds that started with false identities has led to rapid innovation in identity verification API, which has led to market growth in the identity verification sector. Identity verification as a service has been developed, and API-based ID and face checks are now widely available in India, enabling a wide range of companies, including digital finance, insurance, cryptocurrency exchanges, and many more, to expand and secure their user platforms with ease. Indian identity verification APIs use a comprehensive list of distinguishable IDs, principally government-issued PAN and Aadhaar cards, to confirm a user's identification. ID verification APIs are unquestionably essential in India for regulatory compliance and fraud prevention, given the country's fast digital business and financial ecosystem.