How does Digital Identity Network compare to The Real Identity Platform?

The Digital Identity Network by LexisNexis Risk Solutions is a powerful platform for analyzing and authenticating digital identities. By combining data from device intelligence, behavioral analysis, and global threat intelligence, the platform delivers precise risk assessments in real-time.

The solution is ideal for preventing account takeovers, identity theft, and other fraud types while maintaining a seamless user experience. Businesses can use the Digital Identity Network to enhance customer trust, safeguard revenues, and stay ahead of evolving threats.

The Real Identity Platform by Onfido is a comprehensive identity verification and authentication solution designed to enhance trust and security in digital interactions. By combining document verification, biometric analysis, and real-time data validation, the platform ensures that users are who they claim to be, mitigating risks associated with identity fraud.

Onfido's platform is built with scalability and flexibility in mind, offering seamless integration into customer onboarding and authentication workflows. Its advanced AI-driven technology delivers accurate results quickly, improving user experience while maintaining robust security. The Real Identity Platform empowers organizations to reduce fraud, streamline operations, and build lasting trust with their customers.

• 🏆 Ranked - Strong Performer by Forrester (2024)
• 🏆 Best Overall AI Company by AI Breakthrough Awards (2024)
• 🏆 Named on RegTech100 by FinTechGlobal (2024)
• 🏆 Financial Crime and Compliance50 2024 - Ranked 4 by Chartis (2024)
• 🏆 RiskTech100 2024 - Ranked 13 by Chartis (2024)

• 🏆 Best Use of AI for Authentication by AI Breakthrough Awards (2024)

LexisNexis Risk Solutions is a global data and analytics company that provides information-based analytics, decision tools, and data management services to help organizations make informed decisions, stay compliant, reduce risk, and improve operations

Onfido is a technology company specializing in digital identity verification, founded in July 2012 by three former Oxford University students: Husayn Kassai, Eamon Jubbawy, and Ruhul Amin. The company’s name is derived from the Latin word “Confido,” meaning “I trust.”

Onfido’s primary product is the Real Identity Platform, which includes:
• Verification Suite: Document and biometric verifications, trusted data sources, and fraud detection signals.
• Atlas™ AI: In-house developed AI technology for automated identity verification.
• Smart Capture SDK: Software for capturing identity documents and biometrics.
• Onfido Motion: Advanced biometric technology using facial recognition and liveness detection.

Onfido leverages artificial intelligence and machine learning to verify identities through photo-based identity documents and selfies. Their technology is capable of verifying over 4,500 document types across 192 countries, detecting document anomalies in as little as 15 seconds. Additionally, it employs advanced facial recognition and liveness detection technology to prevent spoofing attempts, ensuring secure and accurate identity verification processes.

Onfido has established itself as a global leader in digital identity verification, serving over 1,100 companies worldwide. With a team of more than 600 employees across international offices, Onfido continues to innovate and expand its reach. In April 2024, the company was acquired by Entrust Corporation, becoming a wholly owned subsidiary and further solidifying its position in the market.

Onfido’s solutions cater to various industries, particularly:

• Financial Services and E-commerce: For KYC compliance.
• Customer Conversion & Fraud Reduction: Helping businesses improve customer onboarding and reduce fraud.
• Global Compliance: Supporting companies in meeting KYC and AML regulations.

Onfido’s technology has received several awards, including recognition for accessibility and algorithmic bias mitigation, positioning it as a significant player in the digital identity verification market.