Software Alternatives, Accelerators & Startups

Basis ID VS Face Verification

Compare Basis ID VS Face Verification and see what are their differences

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Basis ID logo Basis ID

KYC & AML workflow management platform

Face Verification logo Face Verification

Verify Identity of your customers with Shufti Pro.
  • Basis ID Landing page
    Landing page //
    2023-09-03

The features we provide: Automated identity verification such us biometric facial recognition, motion capture and identity document verification; Application fraud detection including on-going name screening and risk scoring for false-positive, documents fake detection; Synthetic fraud detection; Customer return and retention triggers; Enhanced due diligence and random sampling with the agent assignment; Manage risky applications and track actions with a simple communication tool.

We increase conversion rates and give a chance to risky customers (applying risk scoring and fraud mitigation tools) where others just decline their applications.

For regulated institutions and fintechs: Speed to markets. More customers. Increase in conversion. Less drop off. Keep track of your compliance obligations.

For sponsoring regulated institutions (e-money issuers and bin sponsors): apply the platform to ensure your FinTech effectively complying with regulations and corporate policies.

  • Face Verification Landing page
    Landing page //
    2023-09-28

Basis ID features and specs

  • Comprehensive Identity Verification
    Basis ID offers a wide range of identity verification services that can handle various types of documents and verification processes, ensuring a thorough approach to user validation.
  • Global Reach
    The service supports identity verification across multiple countries and regions, making it suitable for businesses with an international presence.
  • API Integrations
    Basis ID provides robust API integrations that allow seamless integration with existing systems, enhancing the ease of use for developers and businesses.
  • User-Friendly Interface
    Its user interface is designed to be intuitive, improving the user experience for both administrators and end-users.

Possible disadvantages of Basis ID

  • Pricing Model
    The cost structure might not be transparent or economical for smaller businesses, which could make it less accessible to startups or small enterprises.
  • Complexity for Small Businesses
    Due to its comprehensive features, Basis ID might be overly complex for small businesses that do not require such detailed identity verification processes.
  • Technical Support
    Some users might experience challenges with the responsiveness of customer support, which can be crucial during implementation or troubleshooting.
  • Data Privacy Concerns
    As with any identity verification service, there may be concerns regarding how user data is stored and managed, particularly with GDPR and other regulations.

Face Verification features and specs

  • High Accuracy
    Face verification systems can achieve high levels of accuracy in verifying an individual's identity by analyzing unique facial features.
  • Convenient
    Users can be easily verified without the need to remember passwords or carry physical identification, making the process seamless and quick.
  • Fraud Prevention
    Facial biometrics help reduce the risk of identity theft and fraud, as it's harder to fake or duplicate a person's face compared to traditional methods like passwords.
  • Automation and Efficiency
    The automated nature of face verification reduces the need for manual checks, increasing efficiency and freeing up resources for other tasks.
  • Non-Intrusive
    Face verification is generally non-intrusive compared to other biometric methods such as fingerprinting or iris scanning, which require physical contact or close proximity.

Possible disadvantages of Face Verification

  • Privacy Concerns
    The use of facial recognition technology raises concerns about personal privacy, as it often requires storing and processing sensitive biometric data.
  • Potential for Bias
    Face verification systems can exhibit bias, especially if the underlying algorithms or training data are not diverse, leading to inaccuracies across different demographics.
  • Environmental Limitations
    The accuracy of facial recognition can be affected by environmental factors such as lighting, camera quality, and angle of capture.
  • Security Vulnerabilities
    Although generally secure, facial biometrics can be susceptible to spoofing techniques if robust liveness detection measures are not in place.
  • Implementation Costs
    Setting up comprehensive face verification systems can involve significant costs related to infrastructure, software, and ongoing maintenance.

Basis ID videos

BASIS ID: KYC and AML solution

More videos:

  • Review - CashFX Group “pauses” KYC after Basis ID disaster launch

Face Verification videos

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Category Popularity

0-100% (relative to Basis ID and Face Verification)
APIs
65 65%
35% 35
Identity Provider
60 60%
40% 40
Identity Verification
49 49%
51% 51
Security
50 50%
50% 50

User comments

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What are some alternatives?

When comparing Basis ID and Face Verification, you can also consider the following products

Amazon Cognito - Amazon Cognito lets you add user sign-up, sign-in, and access control to your web and mobile apps quickly and easily. It scales to millions of users and supports sign-in with social identity providers and enterprise identity providers via SAML 2.0.

Veriff - AI-powered identity verification & fraud prevention software Veriff provides a best- in-class identity verification solution combining AI with in-house experts to maximize accuracy and speed.

Velix.ID - Frictionless Identity verification through Blockchain

NoPass.me - Open-source identity verification

Invoid - Enabling KYC automation & identity verification in India

ComplyCube - Verify your customers in under 15 seconds anywhere in the world with a cutting-edge SaaS & API platform for Identity Verification and AML/KYC compliance.