GRC Viewpoint

Top 10 Identity Verification Solution Providers 2022

Identity verification solutions are aplenty in the market. It is all about being able to choose the ideal one. The industry is facing a never-before demand for verification solutions that are way ahead of the competition in the market. The market shows an affinity for solutions that are entirely automated, can support multiple languages, and have international applicability. Between 2022 and 2023, the worldwide digital identity solutions industry was worth around USD 23.40 bn. During the period of study, it is expected to progress further at an expected CAGR of 16.8%.

The US identity management software sector is doing exceptionally well. Companies have raised their expenditure on identity management software and technology in sync with the increased profits. Australia, some European countries, and Singapore are some of the nations actively developing sophisticated programs to verify the digital identities of citizens. The vulnerable nature of the cyber security industry is a major driving force for the market’s growth. There has been a surge in data breaches recently. These are the factors driving the growth of the market. The industry is also witnessing an increase in the number of solutions focused on the identity management industry. Here’s a look at some of these solutions.

Identity verification solution providers play a crucial role in enabling secure and reliable authentication processes, ensuring the integrity of digital transactions, and mitigating the risk of identity theft and fraud. These providers offer a range of solutions and technologies designed to verify the identities of individuals and organizations. Identity verification solutions encompass various methods such as biometric verification, document verification, and knowledge-based authentication. Biometric verification utilizes unique physiological or behavioral characteristics like fingerprints, facial recognition, or voice recognition to establish a person’s identity.

Document verification involves the validation of government-issued identification documents to ensure their authenticity. Knowledge-based authentication involves verifying personal information known only to the individual, such as answers to security questions. Identity verification solution providers leverage advanced technologies such as artificial intelligence, machine learning, and data analytics to enhance the accuracy and efficiency of identity verification processes. These solutions are crucial in sectors such as financial services, healthcare, e-commerce, and online platforms, where reliable identification is essential. By partnering with identity verification solution providers, organizations can strengthen their security measures, reduce the risk of fraudulent activities, comply with regulatory requirements, and build trust with their customers. These solutions enable seamless and secure digital interactions, protecting the identities of individuals and businesses alike.

BIO-key is a leading provider of biometric authentication solutions. Their innovative technologies, such as fingerprint recognition and facial recognition, offer secure and convenient identity verification for organizations across various industries, enhancing the security and user experience of authentication processes.

ComplyCube is a compliance and identity verification solution provider that helps businesses ensure regulatory compliance and prevent financial crime. With their robust platform, organizations can conduct thorough identity checks, perform risk assessments, and monitor compliance, all while streamlining onboarding processes and reducing the risk of fraud. is an identity verification platform that provides secure and trusted verification services for businesses and organizations. Their platform enables users to verify their identities online, allowing businesses to authenticate customers, prevent fraud, and provide secure access to exclusive services and benefits.

Jumio is a leading provider of AI-powered identity verification and authentication solutions. Their advanced technology enables organizations to verify user identities in real-time, prevent fraud, and ensure secure digital transactions, enhancing trust and user experience.

Lightico is a digital customer interaction platform that enables organizations to complete transactions and collect documents from customers in real-time, enhancing the efficiency and convenience of customer interactions. With their secure and intuitive platform, businesses can streamline processes, reduce friction, and improve customer satisfaction.

Signzy is a digital trust solution provider that offers AI-powered identity verification and authentication solutions. Their platform enables organizations to onboard customers, authenticate digital transactions, and ensure regulatory compliance in a secure and efficient manner.

Iris is a biometric authentication technology that uses unique iris patterns for identity verification. With its high accuracy and non-intrusive approach, iris recognition offers a secure and convenient method of authentication for various applications, including access control, time and attendance, and mobile device security.

Ekata is a global identity verification solution provider that specializes in linking digital identities to real-world attributes. Their unique dataset and machine learning algorithms enable organizations to authenticate identities, detect fraud, and mitigate risks, enhancing trust and security in digital transactions.

SkyBiometry is a facial recognition technology provider that offers cloud-based solutions for facial analysis and authentication. Their advanced algorithms and APIs enable businesses to integrate facial recognition capabilities into their applications, enhancing security, user experience, and personalized services.

IntSig is a technology company specializing in mobile document scanning and recognition solutions. Their apps and software enable users to scan, convert, and manage documents digitally, making it easier to digitize and organize paper-based information.