G2’s Spring Report 2023 named Ondato as a leader among the best identity verification software. It is a great honour to know that we have kept our customers happy and are worthy of this title. In this article, we will talk more about this reward as well as why identity verification software is so important.
Why is Identity Verification Software Needed?
While the identity verification process might seem simple at first glance, identity verification software has to be sophisticated to help companies thrive. Let’s take a look at how it can help:
Compliance and Fraud Prevention
For many industries, such as financial institutions, identity verification is a required step of Anti-Money Laundering (AML) compliance. Identity verification software allows companies to keep on top of that compliance even when regulations change, avoiding possible AML compliance fines.
There’s nothing worse for a company’s reputation than aligning itself with criminals and letting identity theft slip through. Identity verification can protect the industry from that and, in turn, help institutions keep their reputation intact.
Secure Customer Data
Clarifying disparities, identifying fraudulent identification documents and synthetic identities, confirming age, and gathering other crucial information can all be done by thoroughly checking each client’s identity. Your service and its users will be secure in this way.
Efficient Identity Verification Processes
Implementing a digital identity verification system minimises the time and resources needed for customer onboarding. This saves money as well as makes the user experience more satisfying than manual identity verification methods.
What is G2?
G2 is a review platform on which users can express their ideas and experiences on software services and goods. With a focus on B2B solutions, it is one of the top review sites for business software, which includes identity verification tools. User evaluations and ratings, as well as expert insights and analysis on a variety of software categories, are available on the G2 platform. The website strives to offer a thorough and unbiased overview of various software packages, assisting businesses in selecting software solutions with knowledge.
How does G2 Choose who to Award?
G2 is completely based on user experiences and reviews. Buyers can feel confident in their choices because the reviews are verified and authentic. It houses reviews for many identity verification solutions on the current market.
“Rankings on G2 reports are based on data provided to us by real software buyers,” said Sara Rossio, Chief Product Officer at G2. “Potential buyers know they can trust these insights when researching and selecting software because they’re rooted in vetted, verified, and authentic reviews.”
Why is Ondato Among the Best Identity Verification Software?
It’s important to note that there are many good identity verification solutions on the market. Simply providing this service isn’t enough to stand out anymore. So there are many identity verification software features that need to be looked into when deciding. Here are some of the main things that make Ondato one of the best:
Ondato’s identity verification service can minimise compliance costs and provide precious resources like KYC specialists to perform identity verification checks. On top of that, Ondato’s identity verification software can ensure a quick onboarding process and verify user identities in 60 seconds, which means potential customers are more likely to stay and bring profit.
Ondato’s AI-powered document verification is 99.8% accurate. This makes the identity verification process efficient in a way that isn’t possible with manual solutions. Additionally, Ondato’s system relies on over 15 thousand AML sources to ensure all regulations are followed and information is always up to date.
Support for all types of documents
Ondato’s in-house Optical Character Recognition (OCR) technology is effective with nearly all languages and alphabets. This includes special characters, non-latin scripts, and ideograms used in writing systems such as Chinese and can be used across 186 countries, supporting over 10 thousand document types. It is able to make even poor-quality source documents legible. This is currently the best there is between identity verification solutions on the market.
Among other rewards, G2 has also given Ondato the title of easiest to do business with and best support. It’s important that the chosen identity verification software can provide good customer service and clients are never left waiting for fixes or help. Here are what our clients have to say about us on the G2 platform:
We’re very happy with the award and strive to continue providing quality service for our customers. We’d also like to thank our clients and partners for their continued support and trust in our service.