Identity proofing offers numerous benefits, including enhanced security by verifying individual authenticity, reducing the risk of fraud and unauthorized access. It helps prevent impersonation and identity theft, thereby reducing fraudulent activities. Implementing robust identity proofing measures builds customer trust, enhancing satisfaction and loyalty. Compliance with regulatory requirements, such as KYC and AML, is facilitated through identity proofing. Additionally, automating identity proofing processes streamlines operations, saving time and resources while ensuring smoother onboarding and faster service delivery.