Experian Identity Verification Description
The dynamics of identity and fraud are evolving rapidly, driven by factors such as consumer expectations, advancements in technology, and a rise in identity theft and account breaches. It is essential for businesses to balance the risks of fraud with the imperative to deliver quick and seamless experiences to consumers. Our 2020 Global Identity and Fraud Report highlights that 88% of consumers feel positively about companies that prioritize enhancing customer experience, particularly in terms of security; however, there exists a disconnect, as 95% of businesses are confident in their ability to recognize customers while 55% of consumers feel unacknowledged. To enhance the customer journey, organizations should adopt lower-friction identity verification techniques and ensure higher approval rates for reliable, verified clients. Additionally, companies can achieve cost savings by applying step-up authentication only in customer interactions where further verification is genuinely necessary. Ultimately, addressing these challenges is vital for fostering trust and satisfaction among consumers.
Experian Identity Verification Alternatives
iDenfy
All-in-one platform for identity verification, fraud detection, and compliance.
iDenfy uses a three-layer process to verify identity. This protects startups, financial services, gambling, streaming, ridesharing and other digital services against identity fraud. The process protects companies from the most dangerous forms of identity fraud.
iDenfy offers a variety of fraud prevention services, including business verification, proxy detection and fraud scoring, AML screening, monitoring and AML screening, NFC verification and other fraud prevention services.
iDenfy was founded before AML, GDPR, and fraud regulations were implemented. It pioneered the identity verification process. The company covers the entire ID verification process for users, combining AI biometric recognition with manual human checks to verify they are real users.
Use our ID verification software to save up to 40% on identity verification services. Save up to 40% on identity verification costs by paying only for successful ID verification.
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ARGOS Identity
ARGOS is a platform for AI-powered digital identity. We are revolutionizing the way identity is experienced around the world. We create essential identity solutions for individuals and businesses to ensure the security of digital ecosystems worldwide. We provide services that help you identify Anyone, Anywhere, Anytime!
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Onfido
How can you verify that real people are online? Onfido (an Entrust company) helps companies identify real identities using the help of AI and identity experts. With just an ID and a picture, your customers can prove their identity wherever they are. You'll be able to secure your business and have all the information you need. Your user's digital account can be linked to their real identity using only their ID and their face. You can then re-verify your user's digital account or authenticate them with a selfie. Onfido's identity authentication has helped businesses like yours to onboard more users and reduce fraud while freeing up resources for their internal teams. Identity verification and authentication can help you drive business results. Our AI-based technology determines if a user's government-issued ID has been authenticated or fake, and then compares it with their facial biometrics. This is how we provide companies with the security and assurance they need to securely and remotely onboard customers.
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Authenteq
Authenteq provides a completely automated business solution, eliminating the need for any decisions from your side. We deliver straightforward Approved/Not Approved results, effectively lowering your internal fraud risk and expenses. Our swift and secure identity verification process can authenticate individuals in under 45 seconds. This not only instills confidence in you but also ensures a rapid, seamless experience for your customers, which helps in decreasing dropout rates. We prioritize the authenticity of identities, and our verification process is both GDPR compliant and efficient, minimizing conversion barriers while safeguarding user information and reducing your vulnerability to fraud. Authenteq is designed for easy integration into your website or application, allowing customers to have a truly seamless experience without leaving your platform. The setup is remarkably fast, taking only hours rather than weeks. By incorporating AI at every available juncture, Authenteq further reduces the need for manual intervention, ensuring your operational costs remain low. Additionally, our commitment to user privacy and security enhances trust, making your business more appealing to potential customers.
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Company Details
Company:
Experian
Year Founded:
1990
Headquarters:
United States
Website:
www.experian.com/decision-analytics/identity-management
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Product Details
Platforms
Web-Based
Types of Training
Live Training (Online)
Customer Support
Business Hours
Online Support
Experian Identity Verification Features and Options
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