Build vs. Buy Identity Verification: A Deep Dive
Blog post from Didit
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Deciding whether to build or buy an identity verification system hinges on factors such as resources, risk tolerance, and strategic goals. Building an in-house solution offers customization and control but involves substantial hidden costs in engineering, infrastructure, compliance, and ongoing maintenance, with initial expenses potentially exceeding $500,000. In contrast, purchasing a pre-built solution, like Didit's platform, provides faster time to market, reduced costs, and access to expertise and innovation, while allowing businesses to focus on core activities. Didit's system combines identity verification, biometrics, fraud detection, and compliance tools, offering a flexible, scalable, and secure solution with global coverage and pay-as-you-go pricing. It enables businesses to integrate sophisticated identity verification quickly and efficiently, ensuring compliance with evolving regulations, and potentially yielding a return on investment within 6-12 months.
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