Yoti

Website

yoti.com

Pricing URL

-

$ Details

-

Platforms

-

Release Date

-

Categories

#Security & Privacy #Identity Verification And Protection #Identity And Access Management #Web Security

Sumsub

Website

sumsub.com

Pricing URL

Official Sumsub Pricing

$ Details

paid Free Trial

Platforms

iOS Android Web REST API

Release Date

2015 January

Categories

#Identity Verification And Protection #Security #Identity Verification #KYC #AML #Fraud Prevention #KYB #Identity And Access Management #Utilities

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.

Sumsub features and specs

• Compliance with regulations
  Sumsub offers features to ensure businesses comply with KYC, KYB, and AML regulations, reducing the risk of legal issues.
• User-friendly interface
  The platform is designed to be intuitive, making it easier for both businesses and users to navigate the verification process.
• Automated verification
  Sumsub provides automated processes to quickly verify documents and identities, reducing manual workload and speeding up onboarding.
• Global reach
  Supports document verification from over 220 countries and territories, making it suitable for businesses with an international user base.
• Customization options
  Offers various customization features to tailor the verification process according to specific business needs and user flows.
• Fraud prevention
  Advanced technology to detect fraudulent documents and identities, enhancing the security and integrity of the verification process.
• Comprehensive Analytics
  Provides detailed analytics and monitoring tools to track the verification process and identify bottlenecks or issues.

Possible disadvantages of Sumsub

• Cost
  The service can be expensive, which might be a barrier for smaller businesses or startups.
• Complexity for smaller organizations
  The range of features and customization options may be overwhelming for smaller businesses that do not have dedicated compliance teams.
• Integration challenges
  Some businesses may experience difficulties integrating Sumsub with their existing systems, especially if they have unique technical requirements.
• Dependence on internet connection
  The service relies on a stable internet connection for real-time verification, which might be problematic in regions with poor connectivity.
• User privacy concerns
  Users might have concerns about sharing sensitive personal information, such as identity documents, even though Sumsub follows strict security protocols.
• Regional regulations
  Compliance features might not be entirely up-to-date with the latest regional regulatory changes in fast-evolving jurisdictions, requiring businesses to perform regular reviews.

Yoti: The digital identity start-up @ SLUSH 2017

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How Sumsub KYC works

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