A Client Perspective on Global Document ID&V Solutions

With the rise in synthetic identities and data breaches, FIs need to confirm the identities of new and existing customers using digital channels.  

March 23, 2022 –With the COVID-19 pandemic continuing to impede face-to-face interactions, banks, merchants, and other businesses face an increasing need to verify the identity of the person on the other end of accelerating digital interactions. As a result, document identification and verification (ID&V) solutions are growing in popularity as a way to perform identity proofing and user authentication.

This Impact Report explores the perspectives of clients actively participating in the document ID&V vendor market, highlighting key drivers for firms seeking ID&V vendor solutions as well as factors leading to specific vendor selections. Aite-Novarica Group surveyed a group of 24 client references provided by vendors participating in the 2021 Aite Matrix report on document ID&V, to help businesses make informed decisions across a number of essential vendor capabilities.

This 34-page Impact Report contains six figures and four tables. Clients of Aite-Novarica Group’s Fraud & AML service can download this report and the corresponding charts.

This report mentions Acuant, AuthenticID, Daon, Intellicheck, Jumio, Mitek Systems, Onfido, Shufti Pro, and Socure.

Related Content

Market Trends in Fraud for 2022 and Beyond: New Fraudsters, New Era

The pandemic era has expanded the ranks of fraudsters, and most of these new “citizen fraudsters” are here to stay.  

Aite Matrix: Global Document Identification and Verification

Digitalization in financial and consumer-facing services is expanding at a rapid pace.

Synthetic Identity Fraud: Diabolical Charge-Offs on the Rise

The majority of the firms Aite Group surveyed believe that synthetic identities are a bigger challenge than identity theft.

Get Summary Report

"*" indicates required fields

This field is for validation purposes and should be left unchanged.