DynamicID vs Onfido: Comparison
As we delve into the verification services offered by DynamicID and Onfido, we compare their offerings, from speed and security to pricing, giving prospective clients a clear picture of what each company delivers.
The recent surge in digital identity checks, accelerated by the pandemic, has made online identity verification more crucial than ever for businesses transitioning online. Establishing customer trust is fundamental to thriving in the digital marketplace, and verification services are at the heart of this trust.
Why Online Identity Verification Matters
The digital era has ushered in countless services requiring sign-ups and social interactions behind screens. With the constant threat of identity theft, businesses must employ robust identity verification software to mitigate risks. DynamicID steps in as a solution to this online conundrum, providing a seamless and secure verification process.
The Verification Process
DynamicID simplifies the verification flow for customers:
– Selection of ID document type (Passport, Driver’s License, ID card, or Residence Permit)
– Uploading of a clear document picture
– Submission of a selfie for face matching
– Instant feedback post-submission, leading to continued access to services upon approval
DynamicID’s Superior Services
DynamicID outshines with compliance to ‘Know Your Customer’ (KYC) and Anti-Money Laundering (AML) regulations, alongside cutting-edge fraud prevention measures. Unlike a one-size-fits-all approach, DynamicID offers a customisable verification platform, allowing clients to tailor their verification process and monitor outcomes in real time.
The platform’s high automation rate ensures rapid and reliable decision-making, bolstered by an automated decision engine that cross-references data to prevent fraud effectively.
In contrast to Onfido, DynamicID takes pride in its Assisted Image Capture, providing real-time guidance for users to capture high-quality images, resulting in a 95% first-time pass rate. The recently launched “AI Liveness & Face Match” feature reaffirms user identity with a 1-second decision turnaround, adding an extra layer of security for sensitive transactions.
Verification Time and Security
DynamicID boasts a 98% automated document check, delivering verification reports within an impressive average of 5 seconds. Security is paramount, with DynamicID adhering to CCPA, GDPR, SOC2 Type II, and WCAG Accessibility Guidelines, ensuring a safe and secure verification service recognised by global corporations.
Enterprise Solutions
DynamicID’s Enterprise Plan caters to businesses of all sizes, with pricing based on specific KYC and fraud prevention requirements. The plan includes a dedicated account manager to support your company’s evolving needs, ensuring the verification process scales with the business.
Customer Reviews and Language Support
DynamicID’s customer reviews reflect significant performance enhancements post-adoption, with clients praising the superior quality of verifications. Unlike Onfido, which supports 7 languages, DynamicID offers an extensive range of over 45 languages and dialects, making it the most inclusive IDV provider in the market.
What’s the verdict?
While Onfido presents a commendable service, DynamicID’s transparency with pricing, free trial offerings, and tailored partner approaches mark it as the superior choice for global verification services.
With over 15,000 documents supported from 200 countries and unparalleled language diversity, DynamicID not only meets but exceeds the industry standards, providing a safer digital world through its innovative tools.
For more information, visit www.dynamicID.app.
About DynamicID Biometric ID Checks
DynamicID, developed by Verify 365 and a vital component of the Verify 365 risk and compliance tech stack, stands as a hallmark of superior online identity verification in the UK. Its development in the UK, a region known for stringent data protection and cybersecurity standards, greatly contributes to its robustness, making it a super safe choice for businesses. The platform shines with its compliance to KYC and AML regulations, alongside advanced fraud prevention measures. Offering a bespoke, highly automated verification process, DynamicID significantly reduces verification time while enhancing security. Features like Assisted Image Capture and Face Match not only streamline the verification process but also ensure a high level of accuracy and user-friendliness. The extensive language support, covering over 45 languages and dialects, further amplifies its global applicability. DynamicID is not just a verification service, it’s a bridge to a secure digital business landscape, reflecting Verify 365’s commitment to fostering trust and safety in the online world. Visit www.dynamicID.app for more insights into how DynamicID is reshaping the digital verification world.
