Top 10 Identity Verification Platforms
It’s hard to imagine a business operating in a digital environment that lacks security and trust. Whether it’s a fintech app, an ecommerce store, or a global enterprise, identifying users is a must to avoid fraud and meet compliance requirements.
Identity verification platforms leverage artificial intelligence, biometrics, and vast databases to ensure there are no fake actors signing up for your services.
The demand for such services is high, so it’s natural to find different platforms offering identity verification services.
Let’s take a look at the best available options in the market and help you pick one for yourself.
Top 10 Picks for Identity Verification Platforms
How to choose the best platform for your business?
Before you go through the detailed list below, consider a few key factors to pay attention to while choosing a suitable platform.
- Accuracy and fraud prevention. Modern identity verification platforms are not 100% accurate, but they are pretty close. Generally, top-rated services will not be different in terms of accuracy, but some will offer additional fraud detection features.
- Costs. Most platforms offer free trials, so you can at least try them before committing. As for the prices themselves, they vary. The most common option is to pay per verification, with extra costs for additional features.
- UX. User experience comes down to how intuitive the platform is to use, whether it functions properly on a mobile device, and so on. This one should be obvious, but you can determine the feel only by trying the platform yourself.
- Security and compliance. Similar to accuracy, the best platforms provide strong encryption and adherence to GDPR and other standards. Still, it won’t hurt to explore these things in more detail if you want.
1. iDenfy
iDenfy is the first on the list. It’s a platform that lets you convert more users, scale faster, and tackle security challenges with its powerful features.
Features:
- Verify customer IDs with an AI-powered biometric recognition service.
- Pay only per successful ID verification, save up to 70% of user onboarding costs.
- Integrate identity verification into your mobile app, iframe, or web solution.
- Onboarding for 200+ countries and territories.
- 24/7 human supervision within 3 minutes.
- 3D liveness detection or passive verification.
Pricing
The platform doesn’t disclose exact pricing details. It mentions users needing to pay only for successful ID verification.
2. HyperVerge
HyperVerge is an AI-powered solution that eliminates manual work and speeds up your landing pipeline while ensuring compliance and ID verification during onboarding.
Features:
- Cash flow analysis takes between 5 to 15 seconds.
- Uses LLM, liens, and various fraud indicators to flag threats.
- Offers global user onboarding with an address verification system.
- Determines the user’s legal age almost instantly.
Pricing
HyperVerge shows three available plans—Start, Grow, and Enterprise. However, there are no details regarding the price, which means that you’ll have to reach out to the sales department.
3. Ondato
Ondato is a SaaS-based solution for businesses wishing to ensure KYC compliance and a smooth onboarding process. The entire client lifecycle and user management are put in trusted hands.
Features:
- Automated customer onboarding with identity verification and constant monitoring.
- AML screening and monitoring.
- Transaction monitoring and age verification.
- The platform reacts to changes in regulations to help you stay up to date.
Pricing
You pay per verification. The price ranges from €0,5 to €1,4 depending on the circumstances. The KYB onboarding plan starts from €600.
4. Trulioo
Trulio excels in offering a cutting-edge in know your customer, anti-money laundering, and know your business capabilities. These regulations are complex, but the platform still does its job.
Features:
- A full suite of in-house verification solutions.
- Streamlined, scalable integration through a single token and endpoint, giving organizations access to premium verification services.
- Risk mitigation, fraud signals, document liveness, and biometrics to stop bad actors before they can do damage.
Pricing
There are no details about the price. If you are interested in trying Trulio, reach out to their sales department and discuss the details with them.
5. SumSub
SumSub enables you to control identity operations under a single platform. It’s powered by adaptive AI intelligence to make sure the business operations are smooth and supported on a global scale.
Features:
- Place checks at any stage of the customer journey for top anti-fraud protection and pass rates worldwide.
- The Web SDK contains a ready-made ID verification system widget you can add to your product right away.
- The platform utilizes liveness and face match checks.
Pricing
To use the service, you will have to pay per verification. The basic plan is $1.35 per verification. If you want, you can add extra features, but it will cost you extra.
6. Jumio
Brands choose Jumio for its contextual and intelligent identity verification insights throughout the entire customer journey.
The service offers you a platform to build trusted relationships while ensuring compliance with regulations.
Features:
- Access intelligence others can’t see, enabling faster verification and more assurance.
- Real global coverage, not just a regional patchwork.
- Machine learning trained on billions of data points for unmatched fraud detection.
- Proven innovation and reliability driven by automated proprietary technology.
Pricing
The pricing is dynamic. If you want to get started, contact sales and discuss your needs to figure out a plan that works.
7. Veriff
Veriff is an AI-powered automation platform that combines human expertise and intervention with modern machine learning to detect and combat deepfakes, stop fraud, and onboard verified users in a timely manner.
Features:
- Instantly verify identities with advanced document verification to prevent identity fraud.
- Confirm residency with automated address verification for seamless compliance.
- Cross-check identities against global databases to prevent fraud and risks.
- Automatically verify age to protect minors and meet regulations.
- Screen customers against PEP, sanctions lists, and more to mitigate risk.
Pricing
You can try Veriff for free with its 15-day free trial. After that, the platform has a pay-per-verification business model, starting from $0.8.
8. Onfido
Onfido fights fraud and cyber threats with its identity-centric security. The platform covers the identity lifecycle, starting with identity-verified onboarding and finishing with secure account access and transactions.
Features:
- Issue secure credentials through IDs, badges, and payment cards.
- Verify identities and authorize access through AI-enabled advances.
- 360° visibility over the lifecycle of certificates, keys, and secrets.
- Increase engagement, facilitate compliance, and reduce fraud with streamlined verification.
Pricing
The platform has a 30-day free trial. After the trial expires, you pay per identity verification.
9. ID.me
ID.me is a solid choice for those looking for a versatile platform. They are on a mission to help users control their digital identity. Used by government agencies and the likes, the platform is one of the standouts in the list.
Features:
- Access past tax returns, wage and income statements, and more from the IRS.
- The ID.me Wallet enables access to critical government services.
- Comes with a hybrid (AI and human) ID verification system.
Pricing
You pay per completed ID verification.
10. Seon
Seon is a platform that lets you create a context-rich digital footprint of each user. It offers access to more than 900 first-party data signals you will not find anywhere else.
Features:
- Surface hidden fraud patterns using checks like domain age, email breach history, emulator use, and residential proxy detection.
- Continuously monitor logins, account changes, and transactions with AI.
- Use behavioral biometrics signals such as copy/paste into passwords, erratic typing, and unusual cursor movements to detect scams and bot attacks.
- Deploy machine-learning suggested rules, use pre-configured industry rules, or build your own with a no-code rule builder.
Pricing
The basic plan costs $699 and offers 2500 fraud checks per month. If that’s not enough, you can discuss the premium plan option with the sales department to find a solution that works.
FAQs (Frequently Asked Questions)
1. How do identity verification platforms work?
These platforms analyze user-submitted information. Be it government-issued IDs, selfies, or biometric data. Then that information is compared with the one available in the database to determine if the identity is real or not.
2. What are the key features to consider when choosing the platform?
It depends on your specific needs, but it’s always nice to use a platform that excels in global coverage, speedy real-time verification, biometric authentication, compliance support, simple API integration, and reporting tools.
3. Are identity verification platforms limited to just big enterprises?
No, small businesses can use these platforms as well. The costs are not that high if you do your research to select the right service provider. Not to mention the option to discuss and work out a potential discount deal.
4. What regulations do identity verification platforms help businesses comply with?
Regulations like AML (anti-money laundering), KYC (know your customer), KYB (know your business), GDPR, and CCPA are the most notable examples.
5. How accurate are modern identity verification systems?
The accuracy is not 100%, not yet anyway. There is no way to tell an exact number, especially when there are so many different platforms. However, recent calculations indicate that top platforms are roughly 95% accurate.
6. What’s the difference between automated and manual verification?
Manual verification involves human intervention, whereas automated verification usually relies on artificial intelligence to check. It’s common for platforms to offer a hybrid version that combines both human and AI checks.
Closing thoughts
All in all, if you struggled with finding the right identity verification platform, this article should be a solid reference to make an informed decision.
Weigh the pros and cons of each option and consider your needs. Try platforms that offer a free trial if you don’t want to pay for a test drive.
And remember that if your first option does not work the way you’d have liked it to, there should still be one or two alternatives.
Similarly, in the world of email security, SPF, DKIM, and DMARC act as the identity verification layer for your domain, ensuring only trusted messages get through.
