Onfido Receives 'Outstanding in Biometric Data Analysis' Distinction in KuppingerCole Market Compass for Providers of Verified Identity
Onfido, the global identity verification and authentication company, today announced that it has received the 'Notable Vendor' distinction for 'Outstanding in Biometric Data Analysis' in the KuppingerCole Market Compass for Providers of Verified Identity.
Onfido scored strong positive for product Security, Usability and Deployment, and scored positive for Interoperability and Market Standing based on evaluation criteria. KuppingerCole highlights several key Onfido strengths that influenced their review:
"We're honoured to be recognised for our product capabilities and market position," said Kevin Trilli, Chief Product Officer at Onfido. "Our vision is to set the new standard for digital access, and paying close attention to the trustworthiness and privacy of data is a critical component to providing our customers the best IDV solution in the market. We remotely prove a person's real identity by verifying their photo ID and comparing it to their facial biometric, using artificial intelligence and identity experts. This distinction for biometric data analysis speaks to our dedicated efforts in developing a strong hybrid approach with record accuracy and reducing the industry-wide issue of algorithmic racial bias."
The KuppingerCole Market Compass provides an overview of the Providers of Verified Identity market, the trends that influence the market segment, the major use cases, and the essential capabilities required of solutions. KuppingerCole views identity verification as an enabler of future identity ecosystems that opens up new use cases for enterprises, such as remote onboarding for employees and partners, remote verification for Know Your Customer (KYC) and Anti-Money Laundering (AML), and more.
Download the KuppingerCole Market Compass for Providers of Verified Identity here.
Onfido is setting the new identity standard for digital access. The company digitally proves a user's real identity using artificial intelligence (AI), by verifying a photo ID and comparing it to the person's facial biometrics. This means businesses can verify their users without compromising on experience, inclusion, privacy, or security.
Recognised as a global leader in AI for identity verification and authentication, Onfido is backed by TPG Growth, Idinvest Partners, Crane Venture Partners, Salesforce Ventures, M12 - Microsoft's (News - Alert) venture fund, and others. Onfido has raised $200m in funding, and with over 400 team members across seven countries, is enabling digital access for some of the largest companies around the world.
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