Best Identity Verification Software in 2024

Identity verification software plays a crucial role in various industries. By using IDVT technology, this solution can facilitate identity document management, streamline your processes, and improve workflows. 

The automation provided by identity verification software assists you in meeting regulatory compliance, minimizing errors, and leveling up customer experience.

Ready to take that step but you don’t know which solution to choose? Don’t worry, we’ve got you covered! We’ve listed the best identity verification solutions of 2024 for you! Before diving into that, let’s start with some fundamental information.

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Top 9 of the best identity verification software:

1. Klippa
2. Regula
3. Onfido
4. Jumio
5. Veriff
6. iDenfy
7. Microblink
8. Mindee
9. Nanonets

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What is Identity Verification Software?

Identity verification software is a powerful tool that enables businesses to confirm the identity of a customer, even if they are not present physically. The software operates by using a picture of an identity document to quickly and accurately verify a customer’s personal information in real-time and online.

This technology is highly beneficial for businesses in all industries as it ensures that customers are who they say they are and helps prevent fraud. It is also an essential tool for compliance purposes and KYC regulations.

Now that we explained what identity verification software is, let’s have a look at what you should look for when researching identity verification solutions.

Crucial Features in Identity Verification Software 

Identity verification software typically includes various methods to confirm the identity of individuals. Let’s discover together all the features that can suit your requirements.

Document Verification

To verify someone’s identity, the authenticity of ID documents like ID cards, passports, or driver’s licenses needs to be analyzed. This is called document verification. 

Document verification through software starts with submitted identity documents via a captured picture. Upon submission, OCR technology is employed to extract data from the document. The software then uses cross-check and checksum validation to verify the document’s authenticity and prevent fraud.

Biometric Verification

Biometric verification is another security layer that you can add to your identity verification processes. This type of verification uses unique characteristics from individuals. It can include different methods: liveness detection, selfie checks, or fingerprints.

• Liveness detection ensures that the person being verified is physically present. This is achieved by asking the individual to perform random actions, making it difficult for fraudsters to predict and pass the verification process by using a picture or a still image.
• Selfie check involves requesting the individual to take a selfie of themselves and upload it. The selfie is then compared with the picture on the validated ID document.
• Fingerprint scanning confirms identities by capturing and converting fingerprint images into digital templates. A high-quality fingerprint image is obtained using a sensor (fingerprint reader), and a combination of software and hardware is then used to compare and identify individuals through their fingerprints.

AML screening

AML screening can be a valuable plus. This feature allows businesses to automatically identify individuals or companies being on sanction lists.

NFC checks

The NFC (Near Field Communication) check is the step of reading encrypted data from the identity document of the holder. ID documents such as ID cards or driver’s licenses have RFID chips inside that contain data and can’t be tampered with. NFC check enhances high security and accuracy. 

The features described above can have a big impact on your company. Are you curious to know which software provider fits your needs? Keep on reading!

The Top 9 Best Identity Verification Software

To help you choose the right solution for your business, we have listed the 9 best solutions on the market below!

Klippa Identity Verification

Klippa has developed a robust ID verification powered by AI. The solution offers a full workflow for identity verification and can be customized depending on your needs. Additionally, it can be implemented in any application via API or SDK.

With Klippa’s software, you can extract, verify, classify, and anonymize identity documents automatically. The solution also includes biometric verification such as liveness detection and selfie checks. Last but not least, NFC checks can be carried out to ensure high accuracy and prevent businesses from fraud.

Klippa supports a lot of different industries and offers identity verification for healthcare, financial institutions, hospitality, mobility services, gambling, and many more.

Pros

• Supports more than 500 types of ID documents from +150 countries
• Selfie checks and liveness detection
• Tailored workflows to needs
• Fraud detection automation
• Provides NFC checks
• API and SDK integration
• Low-code platform to easily build your own workflows
• Proof of address verification
• Real-time feedback to users to ensure high-quality pictures of submitted documents
• Provides data anonymization
• Supports also many other additional documents such as bank statements, credit cards, payslips, or utility bills

Cons

• No support for non-Latin languages, such as Chinese and Arabic
• Currently no reporting tool

Pricing

• Trial of 25 credits 
• Pay-as-you-go option
• Pricing on request for high processing volumes

Regula

Regula has specialized in document authentication solutions for about 30 years. They supply materials and technology for the verification of identity documents, passports, visas, and other official papers. Specifically, Regula offers a high-quality mobile scanner to perform accurate biometric verification. 

Combined with the materials they offer and their SDK, the software is mainly used in border control agencies, law enforcement, and other organizations.

Pros

• High-quality mobile scanner
• Offers materials to verify documents such as forensic examination devices or document readers
• A wide coverage of identity documents including passports, visas, ID cards, etc.
• Supports biometric verification

Cons

• UI Customization can be difficult
• No support for other types of documents that can be required for your industry

Pricing

• Pricing on request

Onfido

Onfido leverages advanced technology such as AI and machine learning to offer full identity verification. The software provides a dashboard to get an overview of all verifications performed. Additionally, Onfido has a platform that allows its customers to build their own workflows.

Industries such as finance, healthcare, and e-commerce use Onfido’s services to improve security and compliance with regulatory conditions.

Pros

• Biometric verification 
• Good customer service 
• API integration
• Dashboard overview of all identifications
• Platform to build workflows
• Supports more than 2500 different documents for over 195 countries

Cons

• Complexity of integration
• The verification of documents tends to be slow
• Slow turnaround time when dealing with low-quality picture

Pricing

• Offers a free trial
• Pricing on request

Jumio

Jumio is a dynamic digital identity verification and authentication provider. Their service is developed to seamlessly automate user onboarding while keeping a high level of safety.

The software proposes a wide range of solutions to combat fraud such as screening, risk assessment, and fraud detection.

Pros

• Portal for real-time analytics 
• Access to a complete overview of suspicious scans for easy acceptance or rejection 
• Possibility of building your workflow
• Biometric verification
• AML screening
• API integration
• Supports more than 5000 ID documents from 200 countries

Pricing

• Pricing on request

Cons

• Assistance needed for integration
• Users’ experience with biometrics features can be improved

Veriff

Veriff is an identity verification platform powered by AI. The software proposed diverse solutions for the financial industry to support them in simplifying their process and controlling fraud. 

The company excels in document verification, and biometric verification, helping in different use cases such as age verification or proof of address.

Pros

• AML screening
• Biometric verification
• Wide coverage of identity documents including passports, visas, ID cards, etc
• Supports more than 11300 identity documents from 230 countries
• Proof of address verification
• API integration

Cons

• No data anonymization
• Complex user-interface

Pricing

• Offers a free trial
• Self-serve Plan: Pricing from 0.89$ to 1.89$ per verification depending on needed features
• Enterprises Plan: Pricing on request

iDenfy

iDenfy is an all-in-one identity verification platform. The software concentrates fully on identity verification and fraud prevention. Their platform provides facial recognition technology, liveness detection, and document verification to enhance security on online transactions.

From their online platform, iDenfy allows their customers to review their clients applications to avoid potential fraud activities and make sure to comply with regulations.

Pros

• Customers risk score based on potential criminal activities (From low to high risk) 
• AML screening
• Fraud detection services: phone verification, fraud scoring, or proxy detection
• Biometric verification
• NFC verification

Cons

• Implementation can be long
• Documentation for implementation can be better explained

Pricing

• Pricing on request

Microblink

Microblink is an AI-powered scanning solution specializing in computer vision solutions for mobile devices. They provide OCR technologies for document scanning, identity verification, and mobile banking applications.

Pros

• API integration
• Good customer service
• Supports 2500 identity documents from more than 150 countries
• Supports other documents such as credit cards and receipts

Cons

• No biometric verification
• No NFC checks
• Can be complex for beginners

Pricing

• Offers a free trial
• Pricing on request

Mindee

Mindee leverages AI and OCR to extract and capture data from documents. Their technology helps businesses to streamline diverse types of documents processing, such as invoices, receipts, and contracts.

Pros

• API integration
• API builder integration to train your own API to extract data from any document type
• Supports also many other additional types of documents such as bank statements or payslips

Cons

• No biometric verification
• No data masking
• Delayed customer service responses

Pricing

• Pay-as-you-go Plan: 0.10€/page
• Enterprises Plan: On request

Nanonets

Nanonets provides a document processing automation solution for a wide range of documents. They use AI and OCR to extract data from documents such as invoices, receipts, and identity documents. They are helping businesses automate redundant tasks related to document processing. 

Nanonets’ technology is used in various industries, including finance, insurance, and legal services.

Pros

• User-friendly interface
• Customization is possible when requested
• API integration
• Supports many additional types of documents such as invoices or receipts

Cons

• No mobile scanner
• No biometric features
• No data anonymization

Pricing

• Pay-as-you-go Plan: First 500 pages free, then $0.30/page
• Pro Plan: $999/month up to 10 000 pages, then $0.10/page
• Enterprises Plan: On request

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Summary of the Top 9 of identity verification software:

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How to Compare and Select an Identity Verification Solution? 

Selecting the right IDV solution for your business is fundamental for maximizing productivity and efficiency. While there are plenty of IDV software available on the market today, not all of them will deliver what you need from a business perspective. Here is a list of questions that you can ask yourself to compare and choose the right solution.

ID Verification Features

• What are your specific needs? Document verification, biometric verification, fingerprint verification, etc.
• Is the solution customizable according to your needs?
• What different document types does this solution provide? An expansive range of document types is vital if you need to verify additional documents than identity documents during onboarding.

Scalability

• What languages does the IDV solution support? If you operate internationally, you need to make sure the languages in your markets are supported. 
• How does the solution work with a high volume of documents? Is it still fast enough?
• Does the system have the capability to classify languages, document types, quality, and other characteristics? It’s truly valuable when onboarding international customers.

Compliance

• Does the IDV solution comply with your industry regulations and standards?

Integrations

• What integration options are available? It needs to be compatible with your app, platform, or website.

ID verification accuracy

• What level of accuracy does the software offer? If you want to reach maximum accuracy, you can opt for NFC checks or add human-in-the-loop automation to your workflow.
• Does the solution have algorithms to give real-time feedback to guarantee good image quality and accuracy?

User experience

• Is the solution user-friendly?
• What kind of customer service do they have?

Now that we’ve given you all the keys to choose the right solution for your business, let’s us introduce you to the most important benefits of identity verification software.

The Benefits of Identity Verification Software

• Automate data entry: Using identity verification software, you can automate data entry, reducing errors and increasing efficiency.
• Verify Identities Remotely: Digitalizing the process enables remote identity verification, bringing flexibility to businesses and customers.
• Ensure High Data Accuracy: OCR technology allows for a high accuracy rate of almost 98%. When combined with NFC (Near Field Communication) checks, the accuracy rate can reach up to 100%.
• Prevent fraud and reduce losses: AI-powered software can automate fraud detection by analyzing metadata and Photoshop manipulation.
• Easily Comply with regulations: By obtaining accurate identity verification, businesses can ensure that they are complying with regulations such as KYC. Additionally, data anonymization can be utilized to meet data protection requirements.
• Reduce the turnaround time: Back and forth between you and your customers can be highly reduced as errors are eliminated, and automation takes care of real-time feedback to users if the picture’s quality provided is not enough for instance.
• Easily scale up or down your operations without impacting your workforce: Handling a large number of identity documents simultaneously can be performed with identity verification software. Ensuring the possibility of expansion for your business.

Ready to start? In the next section, we’ll present the solution that can suit your business necessities.

The Identity Verification Solution for All Your Needs

Klippa DocHorizon helps organizations around the world to automate identity verification workflows. Klippa can help you remotely onboard new customers, authenticate existing ones, or support you in different steps of your processes with its automated identity verification solution with AI. 

Klippa uses machine learning and AI to simplify your identity verification workflows while ensuring compliance with regulations and automatically detecting fraud.

If you’re interested in learning more, please don’t hesitate to contact us. Our team of experts will be more than happy to assist you with your project.