Question: I'm looking for a way to automate identity verification and reduce the cost of acquiring new customers, do you know of any solutions?

If you want to automate identity verification and lower customer acquisition costs, Onfido has a more complete package. Its AI-based verification process can automate customer onboarding and ensure global KYC and AML compliance. It includes Smart Capture SDK, Global Verification Suite and Atlas AI for automated onboarding, designed to get your customers up and running while minimizing identity fraud risks.

Another serious contender is Veriff, which marries AI with human verification teams for a smooth customer experience. It supports more than 11,500 government-issued IDs from 230+ countries and offers identity, document, proof of address and biometric verification. Veriff is compliant with many regulatory requirements and offers customizable pricing with volume discounts, so it's a good fit for financial services and gaming.

Jumio also offers an AI-based identity verification service designed to ensure compliance and fast customer onboarding. It includes sophisticated ID checks, selfie comparisons and liveness detection, along with predictive fraud insights and real-time risk assessment. Jumio supports more than 5,000 ID types from 200+ countries and territories, so it's a good fit for healthcare, government and other industries.

If you need something more scalable and secure, check out Sumsub. The service verifies users, businesses and transactions, using machine learning to detect anomalies. It offers flexible integration options and customizable verification processes, which can help fintech, transportation and iGaming companies ensure regulatory compliance while cutting fraud.