Question: I need a solution that helps firms assess new business and onboard clients while ensuring compliance with regulatory requirements.

If you're looking for an all-in-one solution to help companies evaluate new business and onboard customers while staying on top of regulatory requirements, Onfido is a great option. Onfido's digital identity solution leverages AI-powered verification to automate customer onboarding, lower costs, and ensure global KYC and AML compliance. The platform offers a comprehensive suite of tools, including a Global Verification Suite, Onfido Studio, and Atlas AI, which offer document and biometric verifications, automated onboarding, and trusted data sources. Onfido has a strong presence in Europe, where it offers ETSI-certified identity verification and Qualified Electronic Signature, making it a good option for companies operating in the region.

Another option is Veriff. Veriff's identity verification system uses AI combined with human verification teams to provide a seamless customer experience. It supports over 11,500 government-issued IDs from 230+ countries and territories, making it a global solution for businesses. Veriff's platform includes identity and document verification, proof of address, database verification checks, age validation, KYC onboarding, AML screening, and biometric verification. It is compliant with major regulatory standards such as CCPA/CPRA, GDPR, and WCAG Accessibility Guidelines, making it suitable for industries like financial services, iGaming, and more.

Signicat also offers an all-in-one digital identity platform for customer onboarding, user authentication, and identity workflows. The platform includes features like identity proofing through eID Hub, ID documents, biometric authentication, and electronic signing. It supports over 170 identity methods and multiple data sources, making it suitable for businesses in regulated industries such as finance, healthcare, and e-commerce. Signicat offers a unified API platform and offers no-code automation, which can greatly simplify and improve the compliance process for businesses.

For a flexible and scalable solution, look at Sumsub. Sumsub offers tools for user verification, business verification, transaction monitoring, and fraud prevention. The platform uses machine learning algorithms to identify anomalies and can be integrated with existing systems using a variety of APIs and SDKs. Sumsub is used in industries like fintech, transportation, and iGaming, and offers a flexible pricing model with costs starting at $0.05 per verification. It offers a quick return on investment and a secure option for businesses looking to implement all-in-one identity verification solutions.