Boston, December 8, 2021 – The pandemic has accelerated a move to digital services among traditional financial institutions, brought about by competition from challenger banks, fintech firms, and other payment providers that already provide a fully digital service to their customers. There is no turning back from this point. Banks, merchants, and others need to verify the identity of the person on the other end of digital transactions, and document identification and verification (ID&V) solutions are growing in popularity as a way to perform identity proofing and user authentication.

Leveraging the Aite Matrix, a proprietary Aite-Novarica Group vendor assessment framework, this Impact Report evaluates the overall competitive position of nine vendors, focusing on vendor stability, client strength, product features, and client services. This report profiles Acuant, AuthenticID, Daon, Intellicheck, Jumio, Mitek Systems, Onfido, Shufti Pro, and Socure.

This 104-page Impact Report contains 25 figures and 16 tables. Clients of Aite-Novarica Group’s Fraud & AML service can download this report and the corresponding charts.

This report mentions Au10TIX, Fourthline, IDology, and OneSpan.