Choosing a Know Your Customer (KYC) and Anti-Money Laundering (AML) solution is integral to an efficient and compliant process. When comparing Ondato vs. Socure with the use of G2 data and various other factors, Ondato emerged as the better choice.
Let’s take a look at a detailed comparison of Ondato and Secure, gathered from user feedback on the G2 platform. It points out that G2’s reviewers are more satisfied with how Ondato’s solutions meet the requirements, how easy it is to set up and the quality of support.
Technological and Coverage Factors
Global Reach
Ondato offers a broader global reach in terms of identity verification, business onboarding, AML screening, and supporting businesses and users across various countries and regions.
Ondato can serve customers from 192 countries and can scan and check more than 10,000 various document templates.
Regulatory Compliance
Ondato excels in KYC and AML compliance with different regulatory requirements in various jurisdictions, ensuring that businesses using their services meet legal standards.
Ondato’s set of solutions and technologies allows you to arrange the process in such a way that it meets the regulations of any country. For example, both Photo-based identity verification with liveness check and video-based verification with agents can be used. It may also include additional scans with e-signature authentication, AML screening modules, etc.
Advanced Technology
Ondato might leverage advanced technologies, such as artificial intelligence and machine learning, to enhance the accuracy and efficiency of identity verification processes.
Ondato uses and develops its own OCR technology based on ML and AI, which is specifically adapted to the scanning of personal documents and the prevention of document forgery.
Customization and Integration
Ondato provides a high level of customisation and integration, allowing businesses to tailor identity verification processes to their unique needs. The seamless integration into existing systems ensures a smooth and efficient workflow, making Ondato a flexible and adaptable choice for businesses of all sizes.
To allow companies to choose the best processes for them, Ondato provides several options for various tools. Together with automated identity verification, Ondato also allows you to implement video-based identity verification. This method preserves the human connection inherent to in-person visits while making the process run smoother. Additionally, NFC-based identity verification is available for businesses wishing to implement this modern compliance tool for the most secure option.
Security Features
Ondato offers robust security features to protect sensitive user data during the identity verification process, ensuring the highest standards of data protection and privacy. Ondato is:
- GDPR compliant.
- Compliant with the Electronic Identification, Authentication and Trust Services (eIDAS) regulation and meets ETSI technical standards.
- ISO 27001:2013 certified, which entails that Ondato systematically evaluates information security risks, taking into account the impact of threats and vulnerabilities.
- Using unshareable and un-phishable biometric technology that passes NIST Level 1 and 2 PAD testing.
Scalability and Price
Ondato is scalable to accommodate the needs of both small businesses and large enterprises, offering flexibility and adaptability as business requirements evolve.
Ondato’s service prices are among the lowest on the market, and plans are tailored to both small business customers and large corporations.
User Experience
User convenience takes centre stage in Ondato’s identity verification process. The platform prioritises a smooth and convenient experience for end-users, minimising friction and optimising overall user satisfaction. The intuitive design of Ondato’s AML software enhances accessibility and ensures a hassle-free journey for individuals undergoing the verification process.
Customer Support
Ondato’s commitment extends beyond technology to exemplary customer support. The platform goes the extra mile, offering 24/7 assistance for implementation and troubleshooting. Businesses can rely on Ondato’s support team to address concerns and challenges promptly, further solidifying the platform’s dedication to customer satisfaction.
Learn what we did for our clients – Ondato case studies