Splitwise is a free tool for friends and roommates to track bills and other shared expenses, so that everyone gets paid back. On the web, iPhone, and Android!
Security guard management software with iPhone and Android guard apps and flat, published monthly prices.
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Which is more popular?
Based on our record, Onfido
seems to be more popular. It has been mentioned
12 times
since March 2021.
social mentions
0 vs 12
Personal Finance popularity
100% vs 0%
alternatives listed
240+ vs 117
Base details
Website, pricing, platforms and company facts side by side.
User-Friendly Interface Splitwise provides an intuitive and easy-to-navigate interface, making it straightforward for users to add expenses, keep track of debts, and settle up.
Multi-Platform Availability Available on the web, iOS, and Android, Splitwise ensures users can access and manage their expenses from almost any device.
Expense Tracking The app allows users to easily log and categorize expenses, which can be particularly useful for group trips, shared households, or any shared financial responsibility.
Flexible Split Options Users can split expenses equally, by percentages, shares, or custom amounts, providing flexibility in how costs are divided among group members.
Currency Conversion Splitwise supports multiple currencies, which is handy for international travel or groups with members from different countries.
Bill Reminders The app sends reminders for outstanding balances, helping users to stay on top of their payments and avoid forgotten debts.
Integration with Payment Platforms Splitwise can integrate with payment platforms like PayPal and Venmo for easy settlement of balances.
Possible disadvantages
Privacy Concerns Since Splitwise involves sharing financial information with others, there could be privacy concerns for those unwilling to share detailed expense data.
Subscription-Based Features Some advanced features, such as expense exporting and additional integrations, require a Splitwise Pro subscription.
Manual Entry Requirement Splitwise requires users to manually enter expenses, which could be time-consuming and prone to errors if not done diligently.
Limited Automatic Reconciliation While Splitwise helps track who owes whom, it does not automatically reconcile or pay off balances, leaving users responsible for manual payment.
Dependency on Group Honesty The accuracy of the expense records relies on the honesty and diligence of all group members, which may not always be reliable.
Potential for Confusion The various options for splitting bills (equally, by shares, etc.) can sometimes lead to confusion or disputes among users over what is fair.
Accurate Identity Verification Onfido uses advanced AI algorithms to ensure high accuracy in identity verification, reducing the likelihood of fraud.
Fast Processing Time The platform offers quick turnaround times for identity checks, allowing businesses to onboard customers more efficiently.
Global Coverage Onfido supports document verification from over 195 countries, making it a suitable solution for businesses with a global customer base.
User-Friendly Interface The platform is designed with a user-friendly interface, making it easy for both businesses and end-users to navigate.
Compliance Onfido helps businesses stay compliant with regulations like GDPR and other data protection laws, offering peace of mind.
Integration Flexibility The solution is easily integrable with various platforms and services through APIs, making it highly customizable to business needs.
Possible disadvantages
Costly for Small Businesses The pricing of Onfido's services might be expensive for small businesses and startups, making it less accessible for them.
Dependence on Quality of Documents The accuracy of verification can be significantly affected by the quality of the uploaded documents, posing a risk if the images are unclear.
False Positives/Negatives While rare, false positives or negatives can occur, potentially leading to issues with customer onboarding.
Privacy Concerns As with any identity verification service, there are concerns around data privacy and how user information is stored and managed.
Customer Support Some users have reported that customer support can be slow to respond at times, which could hinder timely issue resolution.
Complexity of Integration Although Onfido offers flexible APIs, businesses without a robust technical team might find the integration process somewhat complex.
Analysis
An editorial look at what each product does well and who it suits.
SplitwiseOnfido
Overall verdict
Splitwise is a highly effective tool for managing shared expenses, especially if frequent splitting of costs is involved. Its features make it easy to track who owes what, and its automatic calculations save time and reduce errors.
Why this product is good
Splitwise is popular because it simplifies sharing and tracking expenses among groups, making it ideal for roommates, friends on trips, or any group spendings.
It automatically calculates balances and reminds users about payments, reducing the awkwardness of asking others for money.
Offers a user-friendly interface both on web and mobile apps, which makes managing expenses convenient and accessible.
Supports multiple currencies, which is great for international travel groups.
Integration with payment platforms like PayPal and Venmo for easy settlement of debts.
Recommended for
Roommates who need to regularly split household bills and expenses.
Groups of friends or families who often travel together and need to manage shared travel costs.
Colleagues or classmates working on projects or events that require shared funding.
Anyone who wants to avoid the hassle of manually tracking and settling shared expenses.
Overall verdict
Overall, Onfido is considered a good choice for businesses looking for reliable and efficient identity verification solutions. It offers a combination of advanced technology, wide-ranging integrations, and a strong customer support system. However, potential users should evaluate if its pricing and features align with their specific needs.
Why this product is good
Onfido is a leading identity verification and background check platform that uses artificial intelligence and facial recognition technology to help businesses verify the identities of their users quickly and efficiently. It is praised for its ease of use, comprehensive coverage, and robust security measures. The platform is particularly popular in industries like finance, healthcare, and gig economy services where identity verification is crucial for compliance and fraud prevention.
Recommended for
Financial institutions requiring stringent KYC (Know Your Customer) compliance.
Splitwise is among the most commonly used group payment apps that can easily keep a systematic record of all your informal debts including restaurant bills, travel expenses, cost of accommodation, and much more. With...
Splitwise employs an intelligent algorithm to calculate the exact amount owed by each user. It shows who paid for what, how much amount was paid by each member, and any outstanding balances. Furthermore, the...
For example, shared items like appetizers would be split among the entire group or just a few people in the group. The app can handily accommodate large parties by allowing you to add up to 10 people to each group....
Key features of Onfido include automatic directing of customers to the appropriate KYC process, preventing fraud, and customized orchestration across various verification journeys. It aligns with globally recognized...
Onfido and ComplyCube stand out by having one of the broadest range of features on the market, including but not limited to sanctions & PEP screening, document verification, biometric authentication, device...
Social recommendations and mentions
Recommendations tracked on public social media and blogs since March 2021.
Splitwise0 mentionsOnfido12 mentions
Tracking Splitwise since Mar 2021.
Wise (formerly Transfer Wise) are asking me to send them photo of my ID
I had to do the same thing when I signed up a while ago. I thought they'd just scan it and trash it, but apparently not... Their privacy policy says they do collect the photograph, national ID info, etc. And then they'll do their best to...
- Source: Hacker News
/
almost 3 years ago
The trend for Google and Apple becoming the "gatekeepers" to personal life service.
The identity verification for these apps usually goes through another 3rd party called Onfido. Same issues as previous point (even though you're logging into your account, who already have your ID.
Source:
over 3 years ago
At Swapin, we take your security seriously. That’s why we’ve partnered with industry-leading verification providers like Veriff and Onfido to ensure the highest levels of security and compliance when performing KYC (Know Your Customer)...
Source:
over 3 years ago
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.
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