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The Rising Importance of Authentication in a Digitally Insecure World

The Rising Importance of Authentication in a Digitally Insecure World

The News: Scandit has launched ID Bolt, a new offering for fast, accurate, and secure ID scanning workflows that enhances consumer experiences with intuitive device handover capabilities and requires minimal developer integration. This innovative solution streamlines identity verification processes, making them more accessible and user-friendly. Read the press release here.

The Rising Importance of Authentication in a Digitally Insecure World

Analyst Take: In today’s interconnected world, the stakes for robust authentication and proof of identity have never been higher. As businesses and consumers increasingly operate in digital spaces—from financial transactions and healthcare services to remote work and e-commerce—the ability to verify identity accurately and securely becomes critical. The surge in data breaches, sophisticated phishing attacks, and the emergence of deepfakes has compounded the urgency for reliable identity verification mechanisms.

Traditionally, businesses have relied on physical documents and in-person verifications to confirm identities. However, the need for digital identity verification solutions has become apparent as operations move online. The challenge with many digital systems is their reliance on outdated methods, such as manual data entry of sensitive information or uploads of scanned documents. These methods slow down the process and introduce significant friction for the consumer, often leading to a poor user experience and abandonment of services. Moreover, these systems are prone to errors and can be easily compromised, further undermining trust and security.

The existing landscape of digital capture technologies often requires users to navigate cumbersome interfaces, which can deter them from completing necessary verifications. This friction is particularly problematic in sectors where timely and secure verification is paramount, such as banking, healthcare, and government services. The need for a seamless, fast, and secure method of identity verification is clear, and innovations in this field are rapidly becoming a focal point for enterprises looking to enhance security without sacrificing user convenience. Further, the ability to implement new solutions without investing in costly hardware is often a requirement for businesses that seek to maximize their operational and capital return on investment.

What Was Announced?

On May 29, Scandit, a leader in smart data capture, introduced ID Bolt, a revolutionary pre-built ID scanning workflow designed to integrate seamlessly into any website or web service. This launch marks a significant advancement in identity verification technology, offering a solution that is fast and accurate and enhances the user experience by reducing friction in identity checks.

ID Bolt is engineered to perform identity document scans in just one second, significantly speeding up the authentication process while maintaining an impressive accuracy rate. For common identity documents such as passports and driver’s licenses, ID Bolt boasts a near-perfect accuracy rate, up to 100% for PDF417 barcodes, which are the stacked linear barcodes found on U.S. driver’s licenses and state IDs, and 98% accuracy for Machine Readable Zones on all passports.

A standout feature of ID Bolt is its device handover capability, which allows users to seamlessly switch between desktop and mobile devices during the identity verification process. This feature is particularly useful when a user begins a transaction on a desktop and can complete it conveniently on their mobile device without repeating steps. This enhances the user experience and caters to the growing trend of mobile-first approaches in digital interactions.

Another key aspect of ID Bolt is its commitment to privacy and security. The technology ensures that all ID scans are processed on-device, meaning no personally identifiable information (PII) is uploaded to or stored on the cloud. This local processing mitigates the risk of data breaches and complies with stringent data protection regulations, ensuring end-to-end encryption even during device handover. This is particularly important to businesses that are faced with high throughput requirements, such as retailers, restaurants or bars that sell age-restricted products that require verification, but do not want to run afoul of any data-processing restrictions or requirements.

Scandit’s ID Bolt is designed for easy integration, requiring only a few lines of code to embed into existing websites or applications. This ease of implementation allows businesses to deploy advanced ID scanning capabilities without significant development time or resources, addressing both operational efficiency and customer satisfaction.

Looking Ahead

As Scandit moves forward with ID Bolt, it is well-positioned to leverage its proven track record in the retail sector to make a significant impact in consumer-facing spaces. Known for its smart data capture technologies in retail environments—helping businesses enhance in-store operations and customer interactions—Scandit is now set to translate this expertise into broader consumer applications.

The transition from retail to consumer applications represents a natural progression for Scandit. The company’s technology has already demonstrated its capability to enhance operational efficiencies and improve customer experiences within the retail segment, which demands fast, reliable, and scalable data capture solutions. With ID Bolt, Scandit is addressing a critical need in the market for frictionless, secure, and fast identity verification solutions that can be easily integrated into any consumer-facing digital platform.

By reducing the traditional barriers associated with identity verification, Scandit enhances security and compliance and enables businesses to offer a more streamlined and satisfying customer experience. This capability is particularly important in a digital age where consumer expectations continuously evolve towards greater convenience and security.

Scandit’s launch of ID Bolt is a strategic step in transforming how businesses and consumers interact in digital spaces. As the company expands its offerings into consumer-facing applications, its innovative approach to smart data capture is poised to set new standards in the industry, driving better business outcomes and enriching user interactions.

Disclosure: The Futurum Group is a research and advisory firm that engages or has engaged in research, analysis, and advisory services with many technology companies, including those mentioned in this article. The author does not hold any equity positions with any company mentioned in this article.

Analysis and opinions expressed herein are specific to the analyst individually and data and other information that might have been provided for validation, not those of The Futurum Group as a whole.

Other Insights from The Futurum Group:

Tech Trends Uncovered: Cybersecurity Frontiers and Retail AI Innovations – Infrastructure Matters, Episode 27

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Author Information

Regarded as a luminary at the intersection of technology and business transformation, Steven Dickens is the Vice President and Practice Leader for Hybrid Cloud, Infrastructure, and Operations at The Futurum Group. With a distinguished track record as a Forbes contributor and a ranking among the Top 10 Analysts by ARInsights, Steven's unique vantage point enables him to chart the nexus between emergent technologies and disruptive innovation, offering unparalleled insights for global enterprises.

Steven's expertise spans a broad spectrum of technologies that drive modern enterprises. Notable among these are open source, hybrid cloud, mission-critical infrastructure, cryptocurrencies, blockchain, and FinTech innovation. His work is foundational in aligning the strategic imperatives of C-suite executives with the practical needs of end users and technology practitioners, serving as a catalyst for optimizing the return on technology investments.

Over the years, Steven has been an integral part of industry behemoths including Broadcom, Hewlett Packard Enterprise (HPE), and IBM. His exceptional ability to pioneer multi-hundred-million-dollar products and to lead global sales teams with revenues in the same echelon has consistently demonstrated his capability for high-impact leadership.

Steven serves as a thought leader in various technology consortiums. He was a founding board member and former Chairperson of the Open Mainframe Project, under the aegis of the Linux Foundation. His role as a Board Advisor continues to shape the advocacy for open source implementations of mainframe technologies.

Keith has over 25 years of experience in research, marketing, and consulting-based fields.

He has authored in-depth reports and market forecast studies covering artificial intelligence, biometrics, data analytics, robotics, high performance computing, and quantum computing, with a specific focus on the use of these technologies within large enterprise organizations and SMBs. He has also established strong working relationships with the international technology vendor community and is a frequent speaker at industry conferences and events.

In his career as a financial and technology journalist he has written for national and trade publications, including BusinessWeek, CNBC.com, Investment Dealers’ Digest, The Red Herring, The Communications of the ACM, and Mobile Computing & Communications, among others.

He is a member of the Association of Independent Information Professionals (AIIP).

Keith holds dual Bachelor of Arts degrees in Magazine Journalism and Sociology from Syracuse University.

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