Identity verification (IDV) is critical for businesses that need to prevent fraud, comply with regulations, and streamline customer onboarding. However, not all IDV solutions are created equal. Many providers offer a one-size-fits-all approach, forcing businesses into rigid verification workflows that don’t adapt to real-world conditions.
Veratad takes a different approach. Instead of relying on a single verification provider, we offer an orchestration-first platform that gives businesses access to multiple IDV solutions, real-time testing, and continuous optimization. This flexible, adaptive model leads to higher verification success rates, fewer onboarding drop-offs, and stronger fraud prevention.
Here’s how Veratad compares to other identity verification solutions.
1. Single-Provider IDV vs. Veratad’s Orchestration Model
How Other IDV Providers Work
Most IDV solutions rely on a single provider for identity verification. Whether it’s document verification, biometric authentication, or knowledge-based authentication (KBA), businesses are limited to the tools that one provider offers. If a verification step fails, there’s often no alternative—customers are rejected, leading to drop-offs and lost revenue.
How Veratad Works
Veratad orchestrates multiple best-in-class IDV solutions into a single platform. Instead of relying on one provider’s tools, businesses can integrate multiple verification methods and dynamically route users based on their risk level, location, and past verification attempts.
With Veratad, businesses can:
- Combine multiple verification tools (document verification, biometrics, reusable digital identity, and more) in a single workflow.
- Automatically switch verification methods when a customer fails one step, reducing unnecessary rejections.
- Customize verification flows based on their industry, compliance needs, and risk tolerance.
This approach ensures that more legitimate users pass verification on the first attempt while still maintaining strict fraud prevention measures.
2. Fixed Verification Workflows vs. Adaptive Verification
How Other IDV Providers Work
Most IDV solutions apply the same verification process to every user—whether they need it or not. This leads to unnecessary friction for low-risk users, who are forced to complete multiple verification steps, and insufficient security for high-risk users, who might bypass key fraud detection layers.
How Veratad Works
Veratad’s platform allows businesses to dynamically adjust verification workflows based on risk signals, user behavior, and compliance requirements. Instead of forcing every user through the same process, our system adapts in real-time by:
- Routing low-risk users through a faster, frictionless verification process.
- Adding extra verification steps for high-risk users based on behavioral signals and fraud detection algorithms.
- Automatically selecting the best verification method for each user, whether it’s document authentication, biometric verification, or data validation.
This ensures that businesses maximize conversion rates while minimizing fraud risk—something single-provider IDV solutions can’t achieve.
3. No Visibility into Performance vs. A/B Testing & Continuous Optimization
How Other IDV Providers Work
Businesses using traditional IDV solutions often have no insight into why verification failures happen. If verification drop-offs increase, there’s no way to know whether the issue is due to:
- Low document verification accuracy.
- Poor biometric match rates.
- False positives in fraud detection.
Without real data, businesses are left guessing—and stuck with whatever success rates their provider can deliver.
How Veratad Works
Veratad provides built-in A/B testing and performance analytics so businesses can measure and optimize their IDV success rates. Our platform allows companies to:
- Test multiple verification providers side by side to determine which delivers the highest success rate.
- Compare different verification methods (document vs. biometric authentication, for example) to see which works best for their audience.
- Adjust workflows based on real-world performance data, not assumptions.
This means businesses don’t just implement identity verification—they continuously improve it to maximize onboarding success.
4. Limited Fraud Protection vs. Multi-Layered Fraud Detection
How Other IDV Providers Work
Most single-provider IDV solutions offer one main fraud prevention method, such as document verification or biometric authentication. However, fraudsters constantly evolve their tactics, and relying on a single method leaves gaps in security.
How Veratad Works
Veratad provides multi-layered fraud detection by integrating multiple IDV solutions into a single platform. Businesses can:
- Layer different verification methods (e.g., document authentication + biometric verification) to prevent sophisticated fraud attempts.
- Utilize real-time risk signals to identify suspicious behavior before fraud occurs.
- Adjust fraud prevention rules dynamically instead of applying the same security measures to every user.
This ensures that businesses can block fraudulent users without rejecting legitimate customers, reducing false positives and improving onboarding efficiency.
5. Vendor Lock-In vs. Full Flexibility
How Other IDV Providers Work
Businesses that rely on a single IDV provider are locked into that provider’s technology, even if it doesn’t perform well. Switching to another provider requires a complete overhaul of verification workflows, making it costly and time-consuming.
How Veratad Works
Veratad removes vendor lock-in by allowing businesses to integrate, test, and switch between multiple verification providers without changing their core workflow. With Veratad, businesses can:
- Add or remove verification providers based on changing needs, compliance requirements, or performance issues.
- Optimize their verification stack without rebuilding their infrastructure.
- Ensure long-term flexibility as new IDV technologies emerge.
This approach future-proofs identity verification strategies, ensuring businesses can always use the best tools available.
Why Businesses Choose Veratad Over Traditional IDV Solutions
Veratad’s orchestration-first approach delivers measurable benefits compared to single-provider IDV solutions:
- Higher verification success rates – More customers pass verification on the first attempt.
- Lower onboarding drop-offs – A seamless, adaptive workflow keeps users engaged.
- Better fraud prevention – Multi-layered verification detects and blocks fraudulent attempts.
- Continuous optimization – A/B testing ensures businesses always use the best verification tools.
- Greater flexibility – Businesses are never locked into a single provider, giving them full control over their IDV process.
The Bottom Line
Traditional identity verification providers force businesses into rigid, one-size-fits-all workflows that don’t adapt to real-world conditions. Veratad’s orchestration platform provides a smarter, more flexible approach, allowing businesses to:
- Use the best verification methods available instead of being locked into one provider.
- Optimize verification workflows dynamically based on risk, user behavior, and performance data.
- Continuously improve success rates with real-time analytics and A/B testing.
For businesses that need higher verification success rates, fewer drop-offs, and stronger fraud prevention, Veratad delivers a future-proof, scalable IDV solution.
