Likelihood to Recommend Fraud data analysis programming is available. Advanced backtracking studies, repartitions and possibility modelers, data collation and analysis of time sequences. It has artificial intelligence and automation to optimize the promptness and accuracy of the fraud discovery platform. they combine predictive analysis methods, which allows you to quickly discover possible imminences that endanger security.
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 Promises a comprehensive data approach, using evolved scanning so you can reveal dubious actions and patterns before they do harm Prevents the attrition of income due to fraud, abuse and waste in cost and profit programs 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 The investigation of the effectiveness of the internal control system is a fundamental part of these commitments, this segment is the most responsible for the design, or if it does not fail, even if the software provides advanced tools. The commitment cannot order as it was said previously only to the software; what is delegated is the command to exercise the commitment, which usually ends the ruling. 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 We have robust chargeback management software designed to quickly level out oddities based on a customer's first conduct to help us as a vulnerable business spot potential chargeback scams and revenue loss. It condescends to concentrate efforts on prevention instead of reaching sanctions and investigations and then falling into services to recover costs.
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 Enterprise fraud detection software solution is customized Allows users to check trading activities against known patterns and discover inconsistencies 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