Fnding the Best Onfido Alternative: 7 Competitors

Choosing the right AML compliance tool can be overwhelming. Discover the best Onfido alternative that suits your business needs. Get a comprehensive overview of features and how they can keep your regulatory requirements in check.
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Julia Ront, Founder and CEO of Vespia

December 10, 2024

Investing in anti-money laundering (AML) compliance tools is valuable for regulated businesses, especially financial institutions. These tools can automate the detection of suspicious activity, ensuring businesses meet regulatory standards efficiently and with less manual oversight.

Finding the right AML tool can effectively speed up customer onboarding by verifying identities in line with Know Your Customer (KYC) and Know Your Business (KYB) requirements. Businesses can also strengthen their chances of preventing fraudulent activities. Onfido is a well-known AML compliance software, but fortunately, it isn't the only option.

Discover eight excellent Onfido alternatives to digital identity verification to improve your AML compliance policy.

Why businesses use Onfido

Businesses use Onfido for AML compliance due to its advanced AI and biometric technologies. These technologies automate identity verification in place of manual reviews, enabling the detection of fraudulent activity in real time.

Significantly, Onfido’s platform helps meet KYC requirements by verifying clients' identities using data from documents and facial biometrics to ensure customers are legitimate in onboarding.

Onfido starts working the moment a new client is introduced to the business. The platform's Atlas AI technology scans documents, identifies forgeries, and uses facial biometrics to match IDs with the user’s live selfie, processing 95% of verifications in seconds. It's supported by data from 195 countries and has insight on 2,500+ document types, making it ideal for global businesses.

Additionally, Onfido users can customize AML workflows and fraud prevention levels without extensive coding. This makes it more accessible for businesses that want to keep the learning curve to a minimum without sacrificing valuable features.

Onfido alternatives have an impressive range of features and advantages that can match, if not rival, what's offered as an AML solution.

Feature comparison of Onfido competitors

AML SOFTWARE AML SCREENING KYC KYB ONBOARDING FLOW ONGOING MONITORING SUMMARY
VESPIA ✔ Database of 4,000+ Global PEP, sanctions, and adverse media lists ✔ 7,000+ documents ✔ Verification for 190+ countries ✔ UBO discovery ✔ 300+ jurisdictions ✔ Customizable flows ✔ KYB/KYC templates ✔ Liveness detection ✔ Automation ready ✔ Real-time alerts ✔ KYB/KYC/AML monitoring Customizable end-to-end AML software ideal for SMBs to Enterprises.
TRULIOO ✔ Global sanctions and watchlist screening ✔ 14,000+ document types ✔ Verification for 195+ countries ✘ Limited UBO checks ✔ Customizable, global templates ✔ Continuous screening for risk updates Ideal for global scalability and seamless KYC.
HYPERVERGE ✔ Adverse media screening ✔ Fraud prevention ✔ OCR ✔ Liveness detection for biometrics ✘ Limited KYB focus ✔ Real-time onboarding ✔ Quality checks ✘ Limited monitoring Fast, real-time ID verification for regulated sectors.
SUMSUB ✔ PEP and sanctions lists screening ✔ Multi-layered KYC ✔ AI-driven OCR ✔ Liveness detection ✔ UBO verification across jurisdictions ✔ Customizable templates for risk-based onboarding ✔ Continuous monitoring ✔ Real-time alerts Multi-layered verification for fintech and finance.
PERSONA ✔ PEP, sanctions, and adverse media screening ✔ ID verification in 200+ countries ✔ Biometric checks ✘ Primarily individual KYC ✔ No-code customizable flows ✔ Reverification ✔ Real-time alerts Highly customizable, adaptable to unique AML and KYC needs.
KYC PORTAL ✔ Centralized AML monitoring ✔ Real-time KYC updates ✔ Automated workflows ✔ Full client lifecycle management ✔ Extensive client communication ✔ Continuous client risk assessment Comprehensive lifecycle and compliance tool for AML.
SEON ✔ Global watchlist and sanctions screening ✔ Real-time ID verification ✔ Fraud detection ✘ Limited KYB support ✔ Real-time logging for compliance ✔ Automated alerts for ongoing compliance Combines AML and fraud detection for high-risk industries.

7 Best Onfido alternatives for identity verification

Exploring AML compliance software alternatives can be challenging because each tool may differ. Some may better align with specific business needs, pricing structures, regulatory compliance requirements, and technical flexibility. Let's take a closer look at these differences.

1. Vespia

Vespia’s AML Screening & Monitoring Solution offers an end-to-end AML service that includes everything from digital onboarding to monitoring and reporting. The platform boasts an extensive knowledge base of international resources to identify potential risks accurately and maintain maximum security.

Similarly to Onfido, Vespia kicks off anti-money laundering initiatives as soon as data is collected. Once identity documents and other information are submitted, the platform uses artificial intelligence to cross-check thousands of international resources. Ultimate beneficial owners (UBOs) are identified for KYB requirements and screened against a robust database of public and private lists.

Vespia also conducts real-time analysis, which businesses can customize depending on their goals. Risk scoring is also made more flexible as users can use an AI-powered risk matrix or input their own, allowing organizations to manage risks how they see fit.

Best features

  • Utilize real-time KYB verification powered by AI technology
  • Cross-check documents against 7,000+ document types from over 190 countries
  • Access 4,000 public and private lists for Politically Exposed Persons (PEPs), sanctions, and adverse media screening
  • UBO verification across 300+ jurisdictions
  • Customize your risk matrix and automate risk scoring
  • Lodge ongoing monitoring with alerts

Advantages

Vespia enables true customization for businesses with specific needs, allowing them to scale their AML efforts quickly. This makes the platform a more cost-effective solution for small businesses to enterprise-level organizations.

Challenges

Like many AML compliance software, Vespia does not have readily available pricing. It believes in understanding the business size and needs before setting a final fee for the service.

Pricing

Request for a quote.

2. Trulioo

Trulioo is a straightforward AML compliance tool designed to support Know Your Customer (KYC) through identity verification in onboarding processes. Its user-friendly design makes it ideal for SMBs. Like Onfido, it also provides AML screening and efficient identity verification services across over 195 countries, making it another great option for international businesses.

Best features

  • Supports identity verification in 195+ countries
  • Real-time KYC verification across 14,000+ document types
  • Enables verification through a global digital ID network
  • AI-driven fraud detection based on global risk indicators
  • Monitors sanctioned individuals and businesses worldwide

Advantages

Known for seamless global scalability and extensive data partnerships, Trulioo is easier for less technical users than Onfido.

Challenges

It is less advanced in user experience customization and SDK flexibility. This may be limiting for businesses that need more specific controls or advanced features for high-risk customer verification.

Pricing

Request for a quote.

3. HyperVerge

HyperVerge specializes in real-time AI-powered AML compliance, emphasizing automated workflows for KYC, KYB, and AML compliance, often used by financial institutions. Known for its biometric verification, advanced optical character recognition (OCR), and real-time quality checks, HyperVerge provides rapid, secure identity validation for businesses globally.

Best features

  • Advanced OCR technology for extracting data from global IDs
  • Sophisticated liveness detection for more accurate identity matching
  • AI-driven fraud checks, including face de-duplication
  • Comprehensive watchlist and PEP checks for anti-money laundering screening
  • Reduces errors with glare and blur detection

Advantages

Strong AI-driven fraud detection and real-time performance monitoring for enhanced security. It is ideal for businesses that need enhanced digital identity verification.

Challenges

Limited global integrations and user experience customization.

Pricing

Request for a quote.

4. Sumsub

Sumsub is a digital verification platform focusing on KYC, KYB, and AML compliance. It offers advanced tools for customer verification, risk management, and transaction monitoring.

Best features

  • Enables onboarding with non-document verification
  • AI-based OCR technology for faster verification
  • Uses biometric checks and liveness detection for enhanced security
  • Supports ID verification across numerous document types and languages
  • Allows for tailored onboarding flows suited to risk levels

Advantages

Sumsub’s advanced AI and machine learning tools offer multi-layered verification processes tailored to various industries, from fintech to gaming.

Challenges

While Sumsub excels in fraud detection and workflow flexibility, it may not offer the same depth of global document verification and biometric support as Onfido.

Pricing

Request for a quote.

5. Persona

Persona is a customizable KYC and AML compliance platform that automates identity verification, fraud prevention, and regulatory adherence through tailored, no-code workflows. It is designed to simplify global compliance with adaptable, secure verification tools.

Best features

  • Monitors sanctions lists, PEP, and adverse media sources
  • Selfie and liveness detection to prevent spoofing
  • Maps connections to identify fraud rings
  • Supports government ID verification across 200+ countries

Advantages

Persona’s flexibility allows businesses to tailor verification to their needs while integrating robust fraud detection. It also supports continuous user verification for ongoing compliance, making it adaptable to changing AML requirements.

Challenges

While Persona excels in flexibility, Onfido’s broader SDK and advanced anti-spoofing tech may offer smoother user experiences.

Pricing

Starts at $250 per month, with pricing based on feature selection and scale.

6. KYC Portal

KYC Portal is a client lifecycle and compliance management tool designed to streamline AML processes with features like real-time risk assessment, customizable workflows, and centralized client communications. It helps organizations automate customer due diligence and monitor compliance with adaptable configurations.

Best features

  • Real-time risk assessment that updates client risk scores
  • Integrated tools for seamless client interaction and data collection
  • Customizable workflows for no-code configuration AML and KYC

Advantages

KYC Portal shines specifically in client communications, making it a great choice for newer businesses in the financial and other regulated industries.

Challenges

KYC Portal’s lifecycle and compliance focus offers deep client management, but Onfido’s advanced biometrics and global document support may offer better performance for rapid, international identity verification.

Pricing

Request for a quote.

7. SEON

SEON provides an AML screening platform that combines fraud prevention with compliance tools, focusing on customizable workflows and automation. It screens individuals against global watchlists, monitors adverse media, and uses real-time data to streamline AML processes for businesses in high-risk sectors.

Best features

  • Fraud intelligence, cross-checking AML information against fraud indicators
  • Screen and monitor global sanctions lists
  • Centralized logs for efficient audits

Advantages

SEON's integration of fraud detection and AML compliance provides real-time monitoring and tailored automation, enhancing efficiency and accuracy in detecting risks.

Challenges

SEON’s strengths lie in fraud intelligence, but Onfido offers more advanced biometric and document verification options, making Onfido preferable for businesses with high document verification needs.

Pricing

Starts at $699 per month, with pricing based on feature selection and scale.

Finding the best Onfido alternative

AML compliance is critical for businesses, particularly in regulated sectors like finance, where identity verification and fraud prevention are essential to meet legal standards and maintain customer trust.

Each solution listed offers viable alternatives to improve your AML strategies. Selecting the right tool depends on your business needs—whether it’s scalability, customization, or integration with existing systems—ensuring compliance with efficiency and accuracy. 

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