Juniper Research assessed leading digital identity verification vendors, evaluating its depth and breadth of offerings, service innovation, and future market prospects. It ranked Microsoft, Thales, and LexisNexis Risk Solutions as the top three vendors.
Each vendor is capitalising on the requirements for digital onboarding plus providing advanced anti-fraud capabilities.
Microsoft leads verification with its Azure AD solution, leveraging its business environment presence. Thales has created a broad portfolio of solutions in identity verification, then coordinates each verification for use cases. LexisNexis Risk Solutions is harnessing its broad data coverage using machine learning to verify identity bolstered by frequent acquisitions.
“There are multiple pathways to identity verification success. There are many different segments and verification types, with no single vendor covering all the solutions. As such, there is still a lot of room for innovation; vendors must focus on building out innovation partnerships and acquisitions that allow them to intelligently orchestrate the most effective verification types for each use case to drive growth forward,” remarked Juniper Research co-author Damla Sat.
This first appeared in the subscription newsletter CommsWire on 1 September 2022.