Use the dropdown below to select another product to compare with LexisNexis TrueID.
The table below summarises some key information about LexisNexis TrueID from LexisNexis Risk Solutions and NFC Verification from iDenfy, giving you some points to compare.
| LexisNexis TrueID | NFC Verification | |
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| Product Use-cases | ||
| Product Description |
LexisNexis TrueID provides advanced identity verification capabilities, ensuring organizations can accurately verify individuals while meeting compliance requirements. The solution uses document verification, biometric analysis, and real-time data cross-referencing to validate identity claims with high accuracy. TrueID enhances customer onboarding processes and mitigates risks associated with identity fraud. Its integration capabilities and customizable workflows make it a critical tool for businesses seeking to enhance security and operational efficiency. |
iDenfy's NFC Verification service utilizes Near Field Communication technology to read data directly from the chip embedded in biometric documents. This method minimizes verification time and enhances security by cross-verifying documents and security certificates with global authorities. The NFC Verification process involves scanning the document's chip, extracting the stored data, and comparing it with the presented information, ensuring the document's authenticity and integrity. |
| Vendor | LexisNexis Risk Solutions | iDenfy |
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| Vendor Headquarters | United States | Lithuania |
| Vendor Founded | 1970 | 2017 |
| About the vendors |
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 |
iDenfy, founded in 2017 and headquartered in Kaunas, Lithuania, is a technology company specializing in identity verification, fraud prevention, and compliance solutions. Their platform assists businesses in adhering to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations by transforming customers' smartphones or computers into identity scanning terminals equipped with facial recognition capabilities. The company's services encompass a range of verification processes, including address and business verification, proxy detection, fraud scoring, and sanctions screening. By supporting over 1,300 types of identity documents across 200 countries and territories, iDenfy enables organizations to reduce risk and minimize fraud in online transactions. iDenfy's solutions cater to various industries, such as fintech, blockchain and cryptocurrency, gaming, and the sharing economy. Their innovative end-to-end fraud prevention ecosystem is designed to detect and prevent cybercrime in real-time, ensuring AML and KYC compliance for businesses of all sizes. |
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