Providers of Verified Identity 2022

The Leadership Compass evaluates solutions for providing verified digital identities essential for processes like customer onboarding and contractor verification. Verified Identity Providers issue or enable the import of verified digital identities for enterprise use. With trends toward integrating identity verification in full-service solutions, methodologies include remote, automated, passive, federated, and decentralized verifications. The emerging market landscape shows varied approaches among vendors: federating verified account information, leveraging eID ecosystems, embracing verifiable credentials, and utilizing document/biometric verification models. A robust identity verification solution relies on diverse technology partnerships, global document coverage, and connection with authoritative sources. The report provides a market overview, vendor comparison, and identifies leaders in overall performance, product features, and innovation. Additionally, the document outlines essential provider capabilities: document and biometric verification, attribute verification, authentication, fraud reduction, and orchestration. The report covers vendors based on criteria such as technology partnerships, deployment options, and coverage of verification processes, emphasizing the need for a thorough customer requirement mapping.

• The market encompasses various identity verification models: cloud processing, mobile device processing or storage, and federated verification.
• Full-service solutions are integrating identity verification into authentication and fraud reduction services.
• Major leaders (alphabetically) include 1Kosmos, Experian, HID Global, IDEMIA, Microsoft, Ping Identity, and Thales.
• Innovation leaders (alphabetically) are 1Kosmos, HID Global, iProov, Microsoft, Ping Identity, and Thales.
• Experian operates on a SaaS platform with global data centers ensuring compliance with financial and governmental regulations.
• HID Global supports 13,000+ document types for identity verification.
• IDEMIA operates on a SaaS service with capabilities for both business and government use cases.
• Microsoft uses Verifiable Credentials and Decentralized Identifiers standards for identity verification.
• Onfido provides global coverage and integration using AWS infrastructure.
• Signicat integrates over 30 European eID providers into their platform.

• "Verified Identity stands for digital identities that have been verified to describe a real-world identity in digital form."
• "Identity verification can be conducted remotely, automatically, passively, federated from verified accounts, in a decentralized manner, and/or in parallel to other steps of the identity lifecycle."
• "Vendors that are assessed display different methods to provide an enterprise with a verified identity."
• "Following standardized criteria helps to identify vendors that should be further evaluated."
• "Leading the innovation group is 1Kosmos, a pioneer in using decentralized identity credentials."
• "A particularity of the Full-Service Providers of Verified Identity market is the reliance on technology partnerships."
• "It is crucial to ensure that the identity documents, biometrics, attributes, or context are valid and held by the individual."
• "Support for standards such as FIDO, SAML, and OIDC is critical for authentication methods."
• "Providers of Verified Identity must provide document verification, biometric verification, attribute verification, registration, authentication, and fraud reduction capabilities."
• "Identity verification is vital for both low and high-value transactions, including monetary and non-monetary."