Global Document Identification and Verification: Market Overview

Identity proofing and user authentication are necessary and growing in the digital world.

Boston, July 22, 2021 –With the COVID-19 pandemic accelerating growth of non-face-to-face interactions, banks, merchants, and others need to verify the identity of the person on the other end of a digital transaction. Document identification and verification (ID&V) solutions are growing in popularity as a way to perform identity proofing and user authentication. There is no turning back from this point. Even when societies “open up” post-pandemic, many customers will continue to use digital channels to obtain new financial services and manage existing ones.

This Impact Report is a market overview exploring key trends within the document ID&V market and discusses how technology is evolving to address challenges and provide robust and trustworthy services for FIs. It is based on in-depth analysis of 10 vendors in this space that are participating in an Aite Matrix evaluation of global document ID&V solutions and discussions with 28 clients using these solutions. It is further augmented by research on other market players conducted by Aite Group, including vendor product demonstrations.

This 39-page Impact Report contains nine figures and two tables. Clients of Aite Group’s Fraud & AML service can download this report, the corresponding charts, and the Executive Impact Deck.

This report mentions Accelitas Inc., Acuant, Au10tix, AuthenticID, Aver, BlockPass, Daon, Early Warning Services, Equifax, Experian, Facebanx, Facepoint, FICO, Fourthline, GBG Group, GIACT, a Refinitiv company, ID Insight,, iDenfy, Idology (part of GBG), Intellicheck, Ipsidy, Jumio, Kofax, LexisNexis Risk Solutions, Mati, Melissa Global Intelligence, Mitek Systems, OneSpan, Onfido, Paycasso, Refinitiv, Samsung SDS, Shufti Pro, Socure, Thales, Transmit Security, TransUnion, Trulioo, Trusona, Veratad, Veridas, Yoti, and ZignSec.

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