Question: How can I improve my customer acquisition process while minimizing the risk of identity fraud?

If you're looking for a way to acquire customers while reducing the risk of identity fraud, Onfido is a good option. Onfido uses AI-powered verification to automate customer onboarding and ensure global KYC and AML compliance. Its suite of tools includes a Smart Capture SDK, Global Verification Suite, and Atlas AI for automated onboarding and fraud detection. It's geared for businesses that want to onboard customers quickly and reduce fraud risk.

Another option is Veriff, which uses AI combined with human verification teams for a more comprehensive identity verification process. Veriff supports 11,500+ government-issued IDs from 230+ countries and offers features like KYC onboarding, biometric verification and fraud prevention. With a focus on delivering a good user experience and making decisions quickly (98% automated decisions in 6 seconds), Veriff is a good fit for financial services and iGaming.

If you're looking for a flexible and secure option, Microblink offers AI-based document-based workflow automation. Its suite includes BlinkID for secure identity document scanning and BlinkID Verify for real-time ID verification. With support for 2,500+ identity documents from 140+ countries, Microblink can help businesses grow faster and meet compliance requirements, making it a good fit for banking and finance.

Last is Sumsub, which offers a variety of tools for user, business and transaction verification. Its platform uses machine learning algorithms to identify anomalies, and verification processes can be customized. It also can be integrated with existing systems. With a pay-as-you-go pricing model and a claimed 240% return on investment, Sumsub is a scalable and secure option for fintech, transportation and other regulated industries.