Fast forward to 2025, mobile phones are everywhere and the camera and the GPS chips on these mobile devices now serve as the goto modules to verify a personal identity. Capturing a selfie and matching that selfie with the picture on a government issued ID is table stakes and the technology and the process behind is becoming more matured by the day.

We’ve worked with all of the popular identity verification companies of the land. Some of these firms leverage a passive verification approach where a person’s personal information is sent to these third parties for verification via an API call. Whereas others are leveraging facial recognition and OCR technology to verify the identity of applicants.

Certain countries also have various identity verification processes by their local regulatory framework. For example, in Mexico, lenders must demonstrate “verification of life”, meaning that a selfie verification is required before financial transactions can commence.

Whether you have strict KYC (Know Your Customer) requirements to fulfill or a light touch verification is all that you need, our FinTech Marketplace has you covered.

To celebrate our FinTech 200 membership, we want to talk about the following 24 companies that are members of this marketplace and their key offerings.

1. TransUnion TruValidate

TransUnion's TruValidate is a comprehensive suite of identity verification and fraud prevention solutions designed to help businesses authenticate customers and reduce fraud. By leveraging a vast array of data and advanced analytics, TruValidate enables organizations to confidently verify identities in real-time, ensuring a seamless and secure customer experience. This platform addresses various fraud challenges, including synthetic identity fraud and account takeover, by providing tools that adapt to evolving threats and help maintain trust in digital transactions. For more information, click here.

2. SentiLink

SentiLink specializes in detecting and preventing synthetic fraud, where fictitious identities are created to commit financial crimes. Utilizing machine learning and proprietary data, SentiLink offers solutions that assess the legitimacy of identities during account opening and throughout the customer lifecycle. Their technology helps financial institutions identify and block fraudulent activities, safeguarding both the institutions and their genuine customers. For more information, click here.

3. Socure

Socure provides digital identity verification and fraud prevention services powered by artificial intelligence and machine learning. Their platform analyzes a multitude of data sources to deliver real-time insights, enabling businesses to verify identities accurately and swiftly. Socure's solutions are designed to reduce fraud, enhance customer onboarding experiences, and ensure compliance with regulatory requirements across various industries. For more information, click here.

4. MaxMind

MaxMind offers IP intelligence and online fraud detection tools to help businesses identify fraudulent activities and assess risks associated with online transactions. Their flagship product, GeoIP2, provides geolocation data that enables organizations to determine the geographical location of their users. Additionally, MaxMind's minFraud service analyzes transaction data to detect patterns indicative of fraud, assisting companies in mitigating potential threats. For more information, click here.

5. Prove

Prove specializes in identity verification and authentication solutions using phone-centric data and technology. By analyzing phone numbers and associated metadata, Prove enables businesses to verify user identities, streamline onboarding processes, and enhance security. Their services are widely used in industries such as banking, healthcare, and e-commerce to reduce fraud and improve customer experiences. For more information, click here.

6. AtData

AtData focuses on email address intelligence, providing services that help businesses validate and enhance their customer data. By analyzing email addresses, AtData offers insights into customer identity, engagement, and potential fraud risks. Their solutions assist companies in improving marketing efforts, reducing fraud, and maintaining accurate customer records. For more information, click here.

7. Ekata by Mastercard

Ekata, a Mastercard company, delivers identity verification solutions that enable businesses to assess the risk associated with digital interactions. Their products provide real-time data on email, phone, address, and IP, helping organizations make informed decisions during customer onboarding and transactions. Ekata's services are designed to reduce fraud, improve approval rates, and enhance the overall customer experience. For more information, click here.

8. AU10TIX

AU10TIX offers automated identity verification and document authentication services, utilizing advanced machine learning and computer vision technologies. Their platform processes and verifies identification documents in real-time, assisting businesses in onboarding customers quickly and securely. AU10TIX serves various industries, including finance, travel, and gaming, helping them comply with regulatory requirements and prevent fraud. For more information, click here.

9. Effectiv

Effectiv provides a fraud prevention and compliance platform designed to help financial institutions detect and manage fraudulent activities. Their solutions leverage machine learning and data analytics to identify suspicious patterns and behaviors, enabling organizations to respond swiftly to potential threats. Effectiv's platform is customizable, allowing businesses to adapt to evolving fraud tactics and regulatory landscapes. For more information, click here.

10. Checkout.com

Checkout.com offers a robust Identity Verification solution designed to help businesses accurately identify users and combat fraud. This service leverages advanced technology, including video-based AI that processes 25 frames per second, capturing detailed images to authenticate identity documents and facial features. By integrating this solution, companies can reduce false positives by up to 70% and decrease onboarding cycle times by up to 50%, enhancing both security and user experience. The platform supports compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, making it suitable for various industries such as banking, credit applications, electronic signatures, mobility services, hiring, and car rentals. Additionally, Checkout.com's Identity Verification offers customizable AML screening and continuous monitoring against a live global database, streamlining the onboarding process with a comprehensive, one-stop global solution. For more information, click here.

11. Baselayer

Baselayer is a company that specializes in providing comprehensive identity verification and fraud prevention solutions for financial institutions. Their platform leverages proprietary machine learning algorithms trained on unique fraud, Know Your Business (KYB), and application analytics data to enable banks, lenders, and fintechs to quickly and confidently verify small business clients. Designed in collaboration with financial institutions, Baselayer's solutions aim to mitigate B2B fraud, reduce risks associated with small business engagements, and facilitate centralized, privacy-compliant data sharing among financial entities. By automating business onboarding and deposit generation processes, Baselayer enhances operational efficiency and supports secure financial partnerships. For more information, click here.

12. ID DataWeb

ID DataWeb offers an Identity Assurance Platform that provides real-time identity verification and authentication services. Their solutions integrate various data sources and verification methods to establish trust in digital identities, assisting businesses in meeting compliance requirements and reducing fraud. ID DataWeb serves sectors such as finance, healthcare, and government, enabling secure and seamless user experiences. For more information, click here.

13. YASSI

YASSI provides comprehensive vehicle and driver data solutions, aggregating information from various sources to deliver detailed reports. Their services include data fields such as vehicle history, ownership details, and registration information, assisting businesses in making informed decisions related to vehicle transactions and fleet management. YASSI's platform is utilized by insurance companies, dealerships, and government agencies to access accurate and up-to-date vehicle data. For more information, click here.

14. Deduce

Deduce focuses on preventing identity fraud by leveraging a vast identity graph and real-time data analytics. Their solutions detect and block fraudulent activities, including those involving synthetic identities created using AI technologies. Deduce's platform helps businesses maintain trust, reduce friction for legitimate customers, and minimize losses associated with fraud. For more information, click here.

15. CARFAX for Lenders

CARFAX for Lenders is a comprehensive platform that assists financial institutions in managing their auto loan portfolios by providing detailed vehicle history information. Utilizing data from over 165,000 public and corporate sources, CARFAX Vehicle History Reports offer insights into aspects such as major accidents, open recalls, service history, mileage, and title brands. These reports are instrumental in various stages of the auto lending process, including underwriting, title research, collections, and remarketing. By integrating CARFAX data, lenders can enhance loan-to-value calculations, detect potential fraud, and make informed decisions to protect their investments. Additionally, services like Skip Trace Pro provide automated data feeds that aid in vehicle recovery by supplying information on service locations, accident data, and title details. Overall, CARFAX for Lenders equips financial institutions with the tools necessary to mitigate risks and optimize their auto lending operations. For more information, click here.

16. Kevari

Kevari, formerly known as ID Insight, is a leader in identity fraud prevention, offering a robust Fraud Intelligence Platform that combines machine learning with extensive consortium, velocity, and identity networks. This platform enables real-time detection of fraud signals, assisting financial institutions in combating account takeover and new-account fraud. Serving nearly 4,000 customers, including banks and credit unions, Kevari's solutions help protect profitability, preserve customer relationships, and enhance business reputations. The company's evolution from its founding in 2003 to its rebranding in 2022 reflects its commitment to adapting to emerging fraud schemes and delivering advanced technologies to its clients. For more information, click here.

17. Spinwheel

Spinwheel is a fintech company that provides solutions for managing and reducing student loan debt. By integrating with financial institutions and employers, Spinwheel offers tools that enable users to view, manage, and pay down their student loans more effectively. Their platform aims to simplify the complexities of student loan repayment, offering features such as real-time loan tracking, automated payments, and personalized repayment strategies. Through these services, Spinwheel strives to alleviate the burden of student debt and empower users to achieve financial wellness. For more information, click here.

18. Infisign

Infisign is a technology company specializing in digital signature solutions that facilitate secure and efficient electronic document signing. Their platform offers a seamless user experience, enabling individuals and businesses to sign, send, and manage documents digitally. Infisign's services are designed to enhance workflow efficiency, reduce paper usage, and ensure compliance with legal and regulatory standards. By providing robust authentication and encryption measures, Infisign ensures the integrity and security of digital transactions across various industries. For more information, click here.

19. Signzy

Signzy is a pioneering fintech company that offers a no-code AI platform for digital banking infrastructure, focusing on automating back-office operations. Their solutions are designed to enhance efficiency and reduce operational costs for financial institutions. Signzy has integrated with core systems at banks, non-banking financial companies (NBFCs), and asset management companies (AMCs), enabling a significant reduction in turnaround time and customer drop-offs, while increasing productivity. Their commitment to innovation has positioned them as a trusted partner in the financial sector.  For more information, click here.

20. Perfios

Perfios is a product technology company in the fintech space, enabling financial institutions to aggregate, curate, and analyze structured and unstructured data for real-time decision-making and credit underwriting. Their offerings include bank statement analysis, e-verification, financial analysis, fraud checks, and personal finance management APIs. Founded in 2008, Perfios has evolved from a personal finance management tool to a sophisticated B2B software provider, serving banks and financial institutions with innovative solutions that streamline financial data analysis and enhance credit assessment processes. For more information, click here.

21. Greenlite

Greenlite is an AI-driven platform that automates compliance tasks for financial institutions, enhancing efficiency in areas such as anti-money laundering (AML), sanctions, and customer due diligence. By integrating seamlessly into existing compliance workflows, Greenlite's technology reduces operational costs and allows teams to focus on complex issues. Founded in 2023 by Will Lawrence and Alex Jin, the company has raised $4.8 million in seed funding led by Greylock and Y Combinator. Greenlite's solutions are trusted by leading banks, fintechs, and credit unions to manage financial crime investigations effectively. For more information, click here.

22. VeriFast

VeriFast is a financial technology company that offers real-time verification services to streamline the approval processes for loans, mortgages, and tenant screenings. Their platform utilizes bank-grade security to provide instant access to financial data, employment history, and identity verification, enabling lenders and property managers to make informed decisions quickly. By automating these verification processes, VeriFast reduces paperwork, accelerates approvals, and enhances the overall user experience for both service providers and their clients. For more information, click here. 

23. Vouched

Vouched is an AI-powered identity verification platform that enables businesses to authenticate users swiftly and securely. By utilizing advanced machine learning algorithms and computer vision technology, Vouched can verify government-issued IDs and match them with live selfies, ensuring the legitimacy of users in real-time. Their solutions are employed across various industries, including finance, healthcare, and travel, to streamline customer onboarding, reduce fraud, and maintain compliance with regulatory standards. For more information, click here. 

24. Verdata

Verdata is a company that specializes in providing data solutions to enhance business decision-making processes. They offer services such as data integration, analytics, and management, enabling organizations to harness the power of their data effectively. Verdata's expertise lies in transforming raw data into actionable insights, assisting businesses in optimizing operations, understanding customer behavior, and driving growth through informed strategies. For more information, click here. 

We are proud to feature these companies combating fraud for the fintech and banking industries. Please visit our marketplace landing page if you want to learn more about their offerings and their point of contact. Lastly, if you are interested in joining LendAPI’s marketplace, please email us and we will get you listed pronto.

If you know any tech forward identity fraud or identity verification companies, please send them our way to collaborate and build together. 

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