- The Quadrant Knowledge Solutions SPARK Matrix™ provides competitive analysis & ranking of the leading identity capture and verification vendors
19 July 2022: Quadrant Knowledge Solutions announced today that it has published SPARK Matrix analysis of the global Identity Capture and Verification market.
The Quadrant Knowledge Solutions SPARK Matrix™: Identity Capture and Verification includes a detailed analysis of global market dynamics, major trends, vendor landscape, and competitive positioning. The study provides competitive analysis and ranking of the leading Identity Capture and Verification vendors in the form of its SPARK MatrixTM. The study provides strategic information for users to evaluate different vendor capabilities, competitive differentiation, and market position.
According to Vishal Jagasia, Senior Analyst at Quadrant Knowledge Solutions, “Modern Identity Capture and Verification solutions combine biometrics and identity management to run identity verification checks. The solutions use selfies for face-matching, data extraction and authentication from ID documents, liveness detection, auto-checking KYC watchlists and auto-scanning for fraud documents.” Vishal adds.
FIs are increasingly looking for integrated solutions in a single framework that provides complete identity verification services for financial institutions to seamlessly verify identities while protecting Personally Identifiable Information (PII) and complying with PCI-DSS, preventing identity fraud, while complying with regulations, and minimizing the overall operational costs. Identity Capture and Verification solutions leverage technologies, including artificial intelligence, machine learning and deep learning to accurately authenticate, verify and process large volumes of identities of the users. The solutions also utilize Optical Character Recognition (OCR) technology to extract information from documents including photo image to match the identity of the individual with the selfie.
The research includes detailed competition analysis and vendor evaluation with the proprietary SPARK Matrix analysis. The SPARK Matrix includes an analysis of vendors, including Acuant (A GBG Company), Au10tix, Ekata (A Mastercard Company), GBG, ID.me, Idemia, IDmission, iProov, Jumio, LexisNexis, Mitek, NuData Security, Onfido, Pipl, Thomson Reuters, and Xydus (Paycasso).
About Quadrant Knowledge Solutions
Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients as a strategic knowledge partner in achieving business transformation goals with Strategic Business and Growth Advisory Services. Quadrant’s research and consulting deliverables are designed to provide comprehensive information and strategic insights for helping clients formulate growth strategies to survive and thrive in ever-changing business environments.
For more available research, visit: https://quadrant-solutions.com/market-research/
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