Leading KYC & AML compliance solution

Leading KYC & AML compliance solution

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What is verification?
In recent years, it has become fashionable for officials, athletes, actors and big businessmen to announce changes in their lives through social networks – on Twitter, for example. How does the audience know that the information comes from the person whose name it is signed? To do this, there is such a thing as verification. It is used, of course, not only to confirm social media accounts, but in many spheres of human activity and is of great importance for our lives. What is verification, how does it differ from validation, why is it needed and what can be found out with its help?
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What is verification and what is it for?
Verification is confirmation of the correctness of any action, object or event after verification. The term is derived from two Latin words: verus ("true") and facere ("to do"). Literally we get – "to make something true", "to confirm". Translated from English, the concept of verification means both verification, and control, and attestation, and confirmation under oath.
Verification is used in various fields – in the production of goods and services, in medicine, on the Internet. Verification of the model makes it possible to create a high-quality prototype of the future product. In IT technologies, verification is used to confirm the user's identity when working online or using payment systems. With its help, they identify fakes, defective products, correct medical diagnoses, register in online services and social networks.
Verification has value as a philosophical category, as well as in other areas of human cognition, where true statements need to be distinguished from false ones.
What is the verification principle?
The principle of verification is as follows: the assumption must be confirmed by experience and not contradict known facts. The bank assumes that the owner of the plastic card is Ivanov Ivan Ivanovich, since such data is written on the card inserted into the ATM. And this fact will be confirmed when Ivan Ivanovich correctly enters the PIN code known only to him.
In this case, the assumption should, in principle, be knowable. For example, the hypothesis that there are invisible people around us, whom we cannot detect because they are invisible, cannot be verified, it is in principle not knowable in the current state of science.

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