Onfido vs. Socure

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Onfido
Score 6.8 out of 10
N/A
Onfido simplifies identity verification with a platform used by over 900 businesses with the goal of navigating KYC and AML requirements, stopping fraud, and delivering exceptional onboarding experiences.N/A
Socure
Score 8.0 out of 10
N/A
Socure is an AI-powered identity verification system designed to help financial services companies prevent identity fraud losses and remain compliant. The system is comprised of ID+, the identity verification mechanism, a KYC (Know Your Customers) Compliance add-on, which uses additional personally identifiable information to authenticate users, and Watchlist products to check international sanctions and enforcement lists for AML (Anti-Money Laundering) compliance.N/A
Pricing
OnfidoSocure
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
OnfidoSocure
Free Trial
YesNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesYes
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
User Ratings
OnfidoSocure
Likelihood to Recommend
7.3
(1 ratings)
-
(0 ratings)
User Testimonials
OnfidoSocure
Likelihood to Recommend
Onfido
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.
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Socure
No answers on this topic
Pros
Onfido
  • Facial recognition of driver's license information
  • Easy to integrate SDK
  • Certified by governing bodies e.g soc 2 type 2 compliant
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Socure
No answers on this topic
Cons
Onfido
  • 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.
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Socure
No answers on this topic
Alternatives Considered
Onfido
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.
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Socure
No answers on this topic
Return on Investment
Onfido
  • 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
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Socure
No answers on this topic
ScreenShots

Socure Screenshots

Screenshot of the Predictive DocV end-to-end suite of fraud and identity solutions. Socure verifies digital identity and predicts fraud throughout the digital customer lifecycle to reduce fraud losses without compromising customer experience. With its capture experience, forensic engine, and data extraction, Predictive Document Verification (DocV) approves more good customers while eliminating bad actors in real time.Screenshot of the Capture App, which provides a guided user experience, correcting for blur, glare, and low light situations, with accessibility features to verbalize guidance for visually impaired users. Enhanced facial biometrics with NIST PAD Level 2 certification for liveness detection stops spoofing attacks. Lightweight mobile SDKs are available for iOS, Android, and React Native, while the Web SDK can be integrated through a browser-based widget that initiates requests via a unique link, QR code scan, or from a CRMScreenshot of Predictive DocV's response time, which is under 2 seconds without compromising on integrity. Predictive DocV reduces bias by training its system on robust data.Screenshot of the population coverage of Socure’s KYC solution, designed to optimize the acquisition of hard-to-identify segments, including Gen-Z, millennials, credit-invisible, thin-file, new-to-country to achieve frictionless auto-approvals for all populations.