Due to its accuracy in verifying and identifying persons, facial recognition software has recently gained popularity in Singapore’s public and private sectors. The growing demand for facial recognition technology has led many businesses to emerge with solutions that they claim are the best in the market. Therefore, customers can select from a wide range of facial recognition systems in Singapore as the industry for this technology expands and thrives all over the world. However, not all face detection software or solutions are suitable for every situation and application.
When selecting facial recognition software, businesses should consider how the system will be used to ensure that it meets their specific security requirements. They should assess whether their current infrastructure can support a facial recognition system and whether new or upgraded technology is needed to meet minimum image resolution standards.
So, let us delve into the world of facial recognition to explore its business applications and key factors to consider when choosing a facial recognition system in Singapore.
What is Facial Recognition?
Facial recognition is an identity verification technique that compares a person’s facial features with a reference image using facial recognition algorithms. In order to authenticate an individual’s identity, this technique uses the geometry and unique features of the face. Therefore, users should provide an image of their face, either in the form of a photo or a real-time stream, to use facial recognition.
Business Applications of Facial Recognition
There are numerous ways facial recognition can be applied in business, and some of them are as follows.
1. New Customer Onboarding
The onboarding of new customers is one of the most prevalent applications of facial recognition in business. They can quickly verify the identity of a new customer in real-time, using facial recognition technology, eliminating the need for physical documentation. This not only makes the registration process efficient but also enhances the customer experience.
2. Access Control
Businesses can replace standard ID cards with facial recognition as an access control system. This allows companies to quickly authenticate the identity of people visiting their premises and prevent unauthorised access, ensuring the safety of employees and facilities.
3. Financial Services
In the financial sector, facial recognition provides an extra layer of protection for online transactions and services. When opening accounts, accessing online banking services or making bank transfers, users can utilise facial recognition to verify their identity, adding an extra degree of security against identity theft and fraud.
4. Fraud Prevention
Facial recognition technology can also help avoid fraud in many industries. In the online banking sector, for instance, banks can employ facial recognition to verify transactions and make sure that only the account holder is conducting them. Similarly, insurance companies use facial recognition to prevent claim fraud.
Key Considerations When Selecting Facial Recognition Systems in Singapore
1. Accuracy of Software
The accuracy of a facial recognition system is crucial since it controls and limits access to specific places, confidential information and restricted usage. Therefore, it is best to look into solutions from reliable providers that often update their products and have received high ratings in professional testing. The ideal facial recognition software should be highly accurate and match users of all ages, genders and skin tones. Before making a purchase, make sure to schedule a demo and confirm that the product has a positive reputation among its users.
2. Security & Privacy
As biometric technology is strongly linked to a person’s identity, the information collected by facial recognition software is highly confidential. Therefore, user data should be safeguarded and discarded on a regular basis. Software manufacturers also need to have an effective backup plan in place for emergencies involving database breaches. When selecting a facial recognition system in Singapore, make sure that the software you choose does not violate user privacy or use unethical methods to obtain training data.
3. Passive Liveness Detection
A liveness detection security feature should be included in facial recognition software to ensure that biological traits are displayed by the right user and not another. This often involves assessing eye or lip motions, analysing textures or reflections or providing prompted motion commands. There are currently two methods to determine liveness: passive and active. Although active methods are still in use, they are less practical and slow down face identification.
4. Cost-effectiveness
While acquiring facial recognition software may seem expensive, it can also be made affordable. It can be difficult to estimate how much a facial recognition system in Singapore will cost. The complexity of the system scope and needs, ongoing system support and maintenance, networking limits, system testing, and database sizes are just a few of the many variables that influence software pricing. Therefore, seek a reliable vendor who is familiar with both your business and facial recognition technology.
5. Proper Integration with Existing Systems
A useful feature of facial recognition software is its ability to establish face-as-a-credential access control. It enables proactive, touch-free entry and leave, allowing a person to enter a space using only their facial features. A face-as-a-credential process often requires integration with an access control system and face recognition software in order to verify credentials and manage physical barriers. Therefore, it is crucial for the software to operate with high precision and integrate easily with pre-existing systems for access control.
Looking for the Best Facial Recognition Systems in Singapore?
SPIRALTECH is a reputable IP video solution company in Singapore specialising in video analytics, facial recognition and artificial intelligence. Effective and user-friendly, our facial recognition system is a security solution that facilitates real-time threat detection. Moreover, you can employ our video analytics and artificial intelligence solutions to further enhance your business security. If you have any questions or want to know more, get in touch with us at +65 64441836 today!