How does Feedzai KYC compare to The Real Identity Platform?

Feedzai's KYC solution streamlines the customer verification process by automating checks against global databases, including sanctions lists and PEP records. The platform ensures compliance with KYC regulations while minimizing onboarding friction for legitimate users.

With advanced analytics and real-time risk scoring, Feedzai's KYC solution enhances decision-making and ensures accurate risk assessments. This empowers businesses to meet regulatory obligations while optimizing customer acquisition processes.

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)
• 🏆 Financial Crime and Compliance50 2024 - Ranked 13 by Chartis (2024)
• 🏆 Ranked - Leader by IDC (2024)
• 🏆 RiskTech AI 50 2024 - Ranked 4 by Chartis (2024)
• 🏆 Category Winner - AI-driven Anti-Fraud Platform by Chartis (2024)
• 🏆 RiskTech100 2024 - Ranked 35 by Chartis (2024)
• 🏆 Category Winner - Emerging Crime Typology Detection by Chartis (2024)
• 🏆 Category Winner - AI-driven Fraud Prevention by Chartis (2024)

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

Feedzai is a data science company that develops real-time machine learning tools to identify fraudulent payment transactions and minimize risk in the financial services, retail, and e-commerce industries. Founded in 2011 by Nuno Sebastião, Pedro Bizarro, and Paulo Marques, Feedzai is headquartered in Coimbra, Portugal, with its U.S. headquarters in San Mateo, California.

The company's core offering is an AI-powered ‘RiskOps’ platform which helps financial institutions to detect, prevent, and manage financial crime while achieving regulatory compliance. Feedzai's solutions cover various aspects of financial security, including:

- Account opening and takeover prevention
- AML transaction monitoring
- KYC/Customer due diligence
- Transaction fraud detection
- Watchlist screening

Feedzai has achieved significant milestones in its growth and is now a well known brand in this space. It became a unicorn startup in 2021, valued at over $1 billion after a Series D funding round. Feedzai's AI analyzes over 3000 payment transactions per second and the platform processes 59 billion events per year and secures nearly $6 trillion in payments annually.

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.