Emerging Identity Verification (IDV) Requirements In 2023

April 24th, 2023

Andras Cser Vice President, Principal Analyst

With contributors:

Merritt Maxim , Hailey DiCicco , Christine Turley

Summary

Identity verification (IDV) solutions are a key building block for effective customer onboarding. In financial services, anti-money-laundering (AML) regulations require a know-your-customer (KYC) check. As a response to increasing identity theft and fraud, other verticals, such as retailers, online marketplaces, and healthcare, now utilize IDV processes during customer enrollment. This report looks at the top trends driving the IDV market in 2023 and provides security and risk (S&R) professionals guidance on how to respond to these trends.

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