Breakthrough Precision: IDology’s ExpectID Identity Verification and Fraud Prevention Platform

Promote this Nomination

Additional Info

Company (that provides the nominated product / solution / service)IDology
Company size (employees)50 to 99
Type of solutionCloud/SaaS

In 3 bullets, summarize why this product or service is different from the competition and deserves recognition:

ExpectID empowers organizations with point-and-click customization of a nearly infinite number of identity attribute combinations for an unprecedented level of data control, granularity and understanding risks. Combined with built-in machine learning based on a heritage of proven innovation and high-quality data, this enables businesses to rapidly respond to changing fraud vectors by adapting fraud controls quickly and setting rules that separate legitimate customers from fraud based on their own needs and customer demands. With fraud controls fine-tuned and customized, legitimate customers are verified quickly and escalation to more robust forms of identity verification, such as mobile document scan or dynamic KBA, is only done when necessary. ExpectID provides the powerful roundtrip collection and delivery of data intelligence that businesses need for supplemental risk analysis. When applied to a pandemic operating environment in which changes in behavior drive data shifts, this level of agility and the ability to react and respond quickly is a premium.

Combined with human intuition from IDology’s fraud experts, ExpectID offers the complete package and compressive fraud defense with multiple layers, millions of attributes, ML, a consortium network, the ability to hyper customize fraud controls on the fly, transparent data visibility, closed-loop data intelligence, plug and play and point and click, integrated and dynamic multi-escalation, and cross-border verification in a wildly changing and challenging world.

No other service provider offers the range of verification solutions and coverage provided through the ExpectID platform. From identity verification to mobile validation, document scanning, watchlist checks, dynamic questioning, and attribute analysis, ExpectID can support every aspects of a company’s onboarding workflow.

Brief Overview

The rise in fraud due to Covid-19 alongside high consumer expectations, requires identity proofing and integrated anti-fraud measures are flexible, transparent and a hub for companies across industries to manage swings in consumer behavior, locate and easily onboard tech newbies, and secure transactions.

IDology’s ExpectID platform is a leading cloud-based stack of flexible plug-and-play solutions covering end-to-end identity verification, fraud deterrence and authentication across multiple channels to help companies stay ahead of shifting fraud trends and deliver a frictionless customer experience.

ExpectID goes beyond basic data matching, using a multi-layered process that leverages thousands of diverse data sources, correlating multiple identity attributes including location, device and activity-based data along with advanced algorithms and engines to analyze and evaluate risk factors. ExpectID gives companies one single-sourced platform for securely onboarding and authenticating customers from multiple countries, all while maintaining compliance.

Combining data attributes and rules for more granularity and sophistication is a must for reducing false positives, minimizing friction and adjusting to evolving fraud schemes. Unlike Machine Learning-based solutions that use “black box” models lacking data intelligence extraction, customization and actionable scoring intelligence, ExpectID gives businesses control of the entire proofing process and the flexibility to make and automatically deploy configuration changes—without IT resources. With ExpectID, customers can build a nearly infinite number of industry and company-specific identity attribute scenarios and, with real-time, point-and-click adjustments, separate legitimate customers from fraud. For example, identity proofing for lenders, which place a premium on geo-attributes, needs to be configured differently than that of eCommerce providers who utilize address deliverability. ExpectID provides unprecedented granularity and data control, as well as closed-loop data feedback for analytics, fine-tuning attributes and understanding customer behavior.

With intuition from IDology’s fraud experts and real-time fraud intelligence across companies and industries with its Consortium Network, ExpectID is the complete package.