The Hidden Costs of Multi-Vendor Identity Stacks
Blog post from Didit
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In today's digital economy, businesses often adopt a multi-vendor strategy for identity verification, using different vendors for tasks like ID verification, liveness detection, and AML screening. While this approach aims to leverage best-of-breed solutions, it leads to fragmented data, increased operational overhead, slower time-to-market, and higher total cost of ownership due to complex integrations and maintenance needs. Fragmented systems complicate fraud detection, compliance, and operational processes, often requiring manual reviews and increasing costs. Didit offers a solution by consolidating these functions into a single platform with a unified API, reducing operational costs, enhancing fraud detection, simplifying compliance, and speeding up time-to-market. Their all-in-one identity platform centralizes data and workflows, offering streamlined processes and cost efficiency through a pay-per-success pricing model, allowing businesses to reduce identity costs significantly while improving security and onboarding speed.
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