Machine-Learned Identity Verification With Document Image Matching

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Solution Overview

Problem

Customers face difficulties in opening new accounts with different institutions and entities due to data loss and limited capabilities for viewing, using, and controlling their data across different accounts, leading to missed benefits and uninformed decisions.

Innovation Solution

A digital identity verification system that processes images of identity documents using machine learning to extract information, determines verification scores, and integrates with third-party systems for enhanced data retrieval and validation, allowing for seamless account opening across platforms.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Adaptability or versatility

If customers open new accounts with different institutions, then they can access new services and benefits, but they lose all data from previous accounts and have to recreate information

Engineering Contradiction:

ImproveAbility to access services across different institutionsVSAvoidLoss of account data and personalization

Core Design Contradiction:

Adaptability or versatilityVSLoss of information

Solution Approach 1:

The patent implements a universal digital identity system that functions across multiple financial institutions. The verified identity information and profile data are stored in a standardized format that can be universally recognized and utilized by different institutions, allowing customers to access services at multiple institutions without recreating their identity information at each one.

Inventive Principle:

Principle #6Universality (Multi-functionality)

Solution Approach 2:

The patent introduces a third-party identity verification service as an intermediary between customers and financial institutions. This intermediary verifies the customer's identity once and provides the verified information to multiple institutions, eliminating the need for customers to repeatedly provide and have their information verified by each institution individually.

Inventive Principle:

Principle #24Intermediary (Mediator)

2Reliability

If customers manually recreate account information at each institution, then they can maintain accurate data, but they lose time and effort in the account opening process

Engineering Contradiction:

ImproveAccuracy of account dataVSAvoidTime required for account opening

Core Design Contradiction:

ReliabilityVSLoss of time

Solution Approach 1:

The patent performs identity verification and data collection in advance through a dedicated verification service. The customer's identity is verified once beforehand, and the verified information is stored and made available for rapid retrieval when opening accounts at different institutions, eliminating the need to repeat the time-consuming verification process.

Inventive Principle:

Principle #10Preliminary action

Solution Approach 2:

The patent creates a digital copy of the customer's verified identity information and profile data that can be efficiently replicated and transmitted to multiple institutions. This digital copy maintains data accuracy while enabling rapid account opening processes without requiring customers to manually re-enter information at each institution.

Inventive Principle:

Principle #26Copying

3Reliability

If customers have limited capabilities to view and control their data across institutions, then data security is maintained, but customers cannot make informed decisions or leverage their data for benefits

Engineering Contradiction:

ImproveData securityVSAvoidCustomer ability to access and control data

Core Design Contradiction:

ReliabilityVSEase of operation

Solution Approach 1:

The patent implements a customer-controlled intermediary layer that sits between the customer's data and the financial institutions. This layer gives customers centralized control to view, manage, and selectively share their verified identity information across institutions, maintaining security while enabling informed decision-making and data utilization.

Inventive Principle:

Principle #24Intermediary (Mediator)

Data Source

PatentUS12463966B2Systems and methods for digital identity verification

Publication Date: 2025.11.04 JPMORGAN CHASE BANK NA

AI summary

Systems and methods for digital identity verification are disclosed. In one embodiment, in an information processing apparatus comprising at least one computer processor, a method for digital identify verification may include: (1) receiving, from a user electronic device or at a website, an image of an identity document for a user, the identity document comprising an image of the user; (2) processing the identity document with at least one business-specific rule; (3) extracting identity information from the identity document; (4) determining a match rate of the image of the user on the identity document to a captured image; (5) assigning a verification score to the user based on extracted identity information and the match rate; and (6) publishing the verification score to at least one system.