Naver Cloud Launches 'CLOVA eKYC' Service... Online Identity Card Authenticity Verification

[Asia Economy Reporter Kang Nahum] Naver Cloud announced on the 11th the launch of the ‘CLOVA eKYC (Electronic Know Your Customer)’ service. This service verifies the authenticity of identification cards and certificates submitted online by users through a third-party authentication institution.

By utilizing CLOVA eKYC, financial institutions can conduct the customer verification process (KYC, Know Your Customer) online to confirm the authenticity and identity of identification cards submitted by customers without physical documents. The verification process extracts necessary information such as name and resident registration number from various types of identification cards and business registration certificates submitted online by users, and confirms authenticity using the electronic system of a third-party authentication institution.

This service is provided within Naver Cloud’s Financial Cloud Zone. Financial institutions can carry out customer verification procedures online more efficiently and accurately while maintaining the same level of security as in-person identity verification. It also makes it more convenient for customers to use services such as account opening without visiting financial institutions directly, which is effective for attracting customers.

With the launch of CLOVA eKYC, the authenticity verification process has been minimized while increasing accuracy to maximize convenience. The previous four-step process of value extraction, value verification, request, and third-party authentication has been reduced by half to ‘user ID key-value extraction and third-party authentication,’ improving efficiency. By applying the CLOVA Document OCR model, the service guarantees high recognition rates by accurately extracting necessary information without requiring users to input additional data.

Additionally, the ‘Business Verification’ service, which recognizes business registration certificates to check for business suspension or closure, and the ‘Masking Provision’ service, which provides four-point location values (top-left, bottom-left, top-right, bottom-right) for areas requiring masking, are also available.

Hansangyoung, Executive Director of Strategy & Planning at Naver Cloud, stated, "We plan to further advance the CLOVA eKYC service by launching technology that compares the user’s face image extracted from the ID card with the user’s actual face in the future."

This content was produced with the assistance of AI translation services.