The Gartner* “Market Guide for Identity Proofing and Affirmation” notes that “the need to obtain confidence in the real-world identities of customers, citizens, partners and employees through remote interactions continue to grow.”**
According to Gartner, “Identity proofing is the combination of activities during an interaction that brings a real-world identity claim within organizational risk tolerances by providing an assurance that: The real-world identity exists; the individual claiming the identity is the true owner of that identity and is genuinely present during the process.” In the Gartner* Market Guide, author Akif Khan provides multiple recommendations, including these two:
- “Balance UX and trust requirements by considering whether identity proofing in the form of ‘ID plus selfie’ is really required, or whether a combination of identity affirmation capabilities are sufficient for your use case.”**
- “Manage risk across the user journey by closely coupling identity proofing, fraud detection and user authentication capabilities by means of an orchestration layer.”**
The Gartner “Market Guide for Identity Proofing and Affirmation” describes how companies such as Incode Technologies*** provide solutions to the need for identity proofing.
How does Incode compare to other Representative Vendors in the market?
While the Gartner Market Guide does not compare its Representative Vendors and does not endorse any vendor, we believe the Incode Omni Platform excels at satisfying the identity proofing recommendations cited in the Gartner Market Guide.
The Incode Omni platform balances UX and trust requirements by supporting multiple levels of security (and friction). Unlike “one size fits all” solutions, the Incode Omni platform is customizable to individual institutional needs. The highest-level security applications may require extensive biometric authentication, ID document authentication, and government database checks. Less stringent security applications may require far fewer security checks. The Incode Omni platform includes 7 categories of components that an institution can employ as needed.
The Incode Omni platform manages risk across the user journey via its customizable orchestration layer. There are over 50 components within the platform’s 7 component categories. Financial institutions with the highest security requirements can include multiple components for identity verification and authentication, as well as specialized components for risk control and non-repudiation.
This is just a small sample of the Incode Omni platform’s features for financial institutions, which provide firms with security, speed, and accuracy without sacrificing institutional and user privacy. If you would like a complete understanding of the Incode Omni platform, contact us.
Download the Gartner Market Guide
To understand the critical issues in identity proofing, download the Gartner Market Guide today.
* GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used here in with permission. All rights reserved.
** Quotes above from Gartner “Market Guide for Identity Proofing and Affirmation” by Akif Khan, published 2 March 2022.
*** Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner research organization and should not be construed as statements of fact. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.