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Signifyd VS Yoti

Compare Signifyd VS Yoti and see what are their differences

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. featured
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Contents:
  1. » Base Details
  2. » Videos
  3. » Reviews
  4. » Alternatives

Signifyd logo Signifyd

Signifyd is a SaaS-based, enterprise-grade fraud technology solution for e-commerce stores.

Yoti logo Yoti

A simple, secure way to store and prove your identity
  • Signifyd Landing page
    Landing page //
    2023-09-17
  • Yoti Landing page
    Landing page //
    2023-03-12

Signifyd features and specs

  • Comprehensive Fraud Protection
    Signifyd provides end-to-end protection against fraud, leveraging artificial intelligence and machine learning to identify and prevent fraudulent transactions.
  • Guaranteed Chargeback Protection
    The service offers guaranteed chargeback protection, meaning that if a chargeback does occur, Signifyd will cover the cost, providing peace of mind for merchants.
  • Seamless Integration
    Signifyd integrates easily with major e-commerce platforms like Shopify, Magento, and BigCommerce, simplifying the onboarding process for merchants.
  • Improved Customer Experience
    By reducing false declines and providing a smoother checkout process, Signifyd helps improve the overall customer experience.
  • Advanced Analytics
    The platform offers robust analytics tools that allow merchants to gain insights into their fraud landscape, helping them make informed decisions.

Possible disadvantages of Signifyd

  • Cost
    The service can be relatively expensive, particularly for small businesses, given the fees associated with advanced fraud protection.
  • Complexity
    Implementing and configuring the service to meet specific business needs can be complex and may require dedicated resources.
  • False Positives
    Despite its sophisticated algorithms, Signifyd can occasionally block legitimate transactions, which can frustrate customers and potentially lead to lost sales.
  • Dependency on Platform Support
    Merchants who use less common or custom-built e-commerce platforms may face challenges with integration, as Signifyd's seamless integration features are primarily tailored for popular platforms.
  • Learning Curve
    New users may experience a learning curve in understanding how to effectively use all the features and analytics tools provided by Signifyd.

Yoti features and specs

  • Security
    Yoti provides high levels of security through encryption and biometric authentication, ensuring that users' personal details are protected.
  • Privacy Control
    Users have control over their personal information and can choose what details to share with businesses or individuals.
  • Convenience
    Yoti allows for easy and quick verification of identity online, simplifying processes like age verification and password-free login.
  • User Experience
    The app is user-friendly, providing a straightforward setup process and a simple interface to manage identity documents.
  • Accessibility
    Yoti is available on both Android and iOS platforms, making it widely accessible to smartphone users.

Possible disadvantages of Yoti

  • Limited Adoption
    The service may not be widely adopted by all businesses, limiting its utility for some users seeking versatile identity verification solutions.
  • Data Breach Concerns
    Despite strong security measures, any digital service is potentially vulnerable to hacks, which can be a concern for users wary of online data breaches.
  • Dependency on Technology
    Users who are not tech-savvy or do not own smartphones may find it difficult or inconvenient to use Yoti.
  • Initial Setup
    Some users may find the initial setup process involving capturing personal documents and biometric data to be cumbersome or invasive.

Analysis of Signifyd

Overall verdict

  • Overall, Signifyd is a good choice for businesses seeking reliable fraud protection services. Its advanced technology and wide-ranging integration capabilities make it a strong contender in the fraud prevention industry. However, like all services, it is important for businesses to assess their specific needs and requirements before making a final decision.

Why this product is good

  • Signifyd is generally well-regarded for its comprehensive fraud protection services geared towards e-commerce businesses. The platform utilizes machine learning and big data to analyze transactions in real-time, helping merchants prevent fraudulent activities. By integrating seamlessly with various e-commerce platforms, Signifyd provides a robust shield against chargebacks and enhances transaction security, making it a valuable partner for online businesses. Additionally, the company's 100% financial guarantee on approved orders offers an added layer of confidence to users.

Recommended for

  • E-commerce businesses looking for real-time fraud prevention solutions.
  • Merchants aiming to reduce the risk of chargebacks and fraudulent transactions.
  • Online stores seeking a service that offers financial guarantees on approved orders.
  • Companies desiring seamless integration with existing e-commerce platforms.

Signifyd videos

+ Add

Signifyd Review: Top Cybersecurity Review Companies - AngelKings.com

More videos:

  • Review - 2020 The TEI of Signifyd Guaranteed Fraud Protection
  • Review - Signifyd - Future of Fraud Prevention

Yoti videos

+ Add

Yoti: The digital identity start-up @ SLUSH 2017

More videos:

  • Review - Creating a Yoti digital ID
  • Review - PI Network - KYC verification - A complete step by step guide (Yoti)

Category Popularity

0-100% (relative to Signifyd and Yoti)

Signifyd

Yoti

eCommerce
100 100%
eCommerce
0% 0
Security & Privacy
32 32%
Security & Privacy
68% 68
Fraud Prevention
100 100%
Fraud Prevention
0% 0
Identity And Access Management
0 0%
Identity And Access Management
100% 100

User comments

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Social recommendations and mentions

Based on our record, Yoti should be more popular than Signifyd. It has been mentiond 2 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Signifyd mentions (1)

  • Zed Shaw Explains How Stripe Is PayPal Circa 2010
    There are third party solutions to fraud that actually work, providing chargeback insurance. Essentially, they screen transactions; if any approved transactions are chargebacked, they refund you. A good start point is https://signifyd.com We dropped in this solution on our e-commerce about 5 years ago; fraud has been a non existent problem. - Source: Hacker News / over 2 years ago

Yoti mentions (2)

  • Anyone with businesses that can be automated or can have an app/web-app/software built [NO CHARGES]
    Thats what I do on a daily at Yoti https://yoti.com ..dm me. Custom software is never free though. Source: about 3 years ago
  • Swarm Markets now offers mobile crypto vouchers
    This is all made possible through a partnership with our identity provider Yoti. Vouchers can even be purchased from inside the Yoti mobile app. Yoti has 10 million active users that can connect their identity with just a few taps. UK users can also connect their identity using the UK Post Office EasyID mobile app. Source: over 3 years ago

What are some alternatives?

When comparing Signifyd and Yoti, you can also consider the following products

Riskified - eCommerce fraud prevention solution and chargeback protection guarantee for online merchants. Find out how we can help your company boost revenue from online sales using our machine-learning powered eCommerce fraud protection software.

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.

Kount - eCommerce fraud detection & prevention

Onfido - Onfido is the data-driven platform for intelligent background checking.

Sift - Digital Trust & Safety enables your business to grow, innovate, introduce new products, features, and business models – without increased risk.

Mitek Mobile Verify - Mitek Mobile Verify is an Identity verification solution that delivers I.D.

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