In the age of the fourth industrial revolution, companies are still facing identity theft. According to a 2023 fraud report, there was a 9.73% increase in scams in 2022. Around 51% of fraud incidents were identity theft cases. Face recognition solution can help the education sector fight fraud and ensure a positive experience for customers. This way, the industry can easily stick with the latest KYC & AML requirements.
The following blog discusses in detail the significance of face recognition solutions and how cutting-edge technology can help the education sector fight fraud and ensure safety for concerned parties.
Face Recognition Solutions: A Quick Overview
Facial verification services are a scalable and practical approach to fraud prevention that can help the education sector fight spoof attacks while producing final verification results within 5 seconds.
According to Allied Market Research, the global facial recognition market size will grow to $16.74 billion by 2030, displaying a CAGR of 16.0% from 2021 to 2030.
As per the report, the key market drivers are
- Increasing demand for safety & security measures
- Growing need for cloud-based services & 3D oriented recognition systems
North America (US & Canada) will be the largest shareholder during the forecast period because of more expenditures on security systems. Moreover, the use of face recognition solutions by other sectors will also drive the growth of the concerned market. The APAC market will also experience significant growth during the predicted period.
Top 5 Advantages of Face Recognition Solutions for the Education Sector
Face validation services can support the education industry by streamlining the online admission procedure. This plays an important role in securing the academic setting from external attacks. The following sections discuss the five perks of innovative technology that can transform the field of education:
Performing Behavioral Analysis of Students
Face verification solutions can help instructors decode students’ facial expressions in real-time. This way, professors can monitor the attention levels of pupils in classrooms and deal with the group accordingly. Face recognition technology can help instructors detect confusion regarding a topic and help students deal with it. Without support from AI, it would be impossible for lecturers to effectively cater to all students’ needs.
Providing Intelligent Access
Face verification solutions can help the dormitory supervisors and librarians to improve traffic management and ensure high-security levels. This way, authorities can easily restrict access to unaccredited identities and restrict the entrance of delinquents.
Real-Time Validation of Student’s IDs
Face recognition solutions can validate pupils’ identities instantly for online courses. With 3D liveness detection features, experts can easily deal with the risk of identity theft. The cutting-edge technology can also instantly differentiate between student entities and instructors.
Eliminating Identity Risk Actively
Face recognition solutions can perform identity verification during the online registration process so that any high-risk entity can be identified and discouraged from moving forward. The following are four types of dangerous entities that can be a high risk for any academic setting:
- Expelled Students
- Pupils involved with drug dealers
- Nefarious groups who have threatened the school in the past
- Gang members who entered the school premises without permission
Protecting School Premises
Video KYC surveillance with face recognition solutions can ensure unbeatable security for all parties on campus. This way, security personnel can easily limit the entry of unauthorized individuals. Moreover, face verification technology can identify stalkers, and criminals by cross-checking credentials against global watchlists.
Face validation services act as an additional layer of safety and facilitate security personnel to collect valuable data and save lives in real time.
Increasing Security Measures
In the context of school shootings, face verification technology can be a foolproof approach to offer security. The cutting-edge system can restrict the entry of suspicious entities and only allow authorized individuals to pick up students. In case of security issues, the state-of-the-art system can quickly notify authorities. In other words, having real-time data can enable officers to secure school grounds and prevent catastrophes.
Dealing with Privacy Concerns
Students report privacy concerns regarding school authorities’ use of face recognition solutions. Mostly, the objections are about the data collection process and distribution of information. Schools are already capturing photos of pupils for official records while practicing strict control over distribution. Face verification solutions have only digitized the whole process so the system performs the whole procedure. The use of data under strict rules and regulations can resolve any privacy concerns reported by students & professors. Hence, face recognition solutions can easily transform the education sector worldwide.
The application of face recognition solutions can help the education sector fight fraud and discourage other financial crimes. This way, corporations can easily streamline the onboarding process and attract only genuine customers.
Collaborating with a competent third-party vendor can help the education industry implement GDPR & PCI DSS-compliant solutions. It not only ensures top-notch data security but also strengthens relationships with all the stakeholders. Hence, the sector can secure a strategic advantage by implementing face recognition solutions.