Mitigating Single-Vendor KYC Risk: A Strategic Imperative
Blog post from Didit
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Relying on a single KYC vendor can create vendor lock-in, operational single points of failure, reduced negotiating power, limited innovation, compliance gaps, and higher long-term costs, despite the initial convenience of a unified solution. A multi-vendor identity strategy can improve resilience by combining specialized services for document verification, liveness detection, AML screening, and fraud signals, while supporting better pricing, fraud prevention, conversion rates, and geographic expansion. The passage presents Didit as an identity orchestration platform offering 18 configurable in-house modules through a single API and visual workflow builder, positioning it as a way to gain modularity and conditional verification flows without managing multiple direct vendor integrations.
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