Likelihood to Recommend Equifax Credit Risk is great for getting consumer credit reports online, pre-filled business reports online, and sometimes searching for corporate reports online. Equifax Credit Risk is not suitable for cases where the customer provides the credit application requesting to update banking and business reference information.
Read full review Onfido is well suited for integrations within a mobile app for automated document processing and validation e.g. driver's licenses, passports etc. Onfido is less well suited for web applications since the quality and accuracy of the checks is very dependent on the quality of the image captured which in general is less high quality from a webcam.
Read full review Pros credit scores for applicants pre loaded reports online anytime consumer reports online anytime credit monitoring alerts Read full review Facial recognition of driver's license information Easy to integrate SDK Certified by governing bodies e.g soc 2 type 2 compliant Read full review Cons Searching for credit and banking references in specific cases is a difficult process Communication channels for giving feedback are not easy to use After filing our complaint, at some point we did not receive a timely and adequate response. Read full review Dashboard - current analytics are very high level pass, consider, fail - would like a more detailed breakdown of reasons why consider / fail aggregated in an easy to view format. Speed consistency - sometimes Onfido checks are very fast, sometimes it takes a lot longer OCR - we had issues with OCR data quality and had to add a step for users to verify information captured via OCR from Driver's Licenses. Read full review Alternatives Considered Equifax Credit Risk has a quick platform that is constantly evolving with the objective of benefiting the direct client, reducing response time to the end client. I like that its platform is easy to use and very intuitive. It is very secure because it uses different confirmation methods to log in with your users each time they need to log in.
Read full review Ultimately went with Onfido due to previous experience with applications & products that had worked with Onfido and from research Onfido appeared to be one of the main providers in the space providing reassurance internally on use of relatively new technology. Onfido security and compliance was also standout helping pass internal audits by cybersecurity and legal. Downside with Onfido is that the pricing model is complex and relies on accurate predictions of platform/user growth to secure the best price-per-check which is challenging in a startup environment.
Read full review Return on Investment With Equifax Credit Risk we can evaluate the Credit solvency of applicant to get a open credit with us With Equifax Credit Risk we reduce the risk of setting an incorrect credit limit With Equifax Credit Risk we reduce the response time of a credit investigation process Read full review Strong ROI compared to manual alternatives Slightly unclear how Onfido ROI would be better/worse than competitors in the space - a lot of similar offerings out there Read full review ScreenShots