New Liminal Research
Highlights Benefits of
Holistic Verification
That piecemeal approach to verification has pushed enterprises
into an unsustainable cycle of purchasing new, siloed solutions to
keep pace with rapidly evolving fraud vectors and emerging product
capabilities. The research from Liminal — a leading digital identity
strategy firm that advises fintech, cybersecurity, and private equity
and venture capital clients — highlights a powerful alternative.
An identity platform can replace fragmented point solutions and
help businesses scale globally, maintain compliance and manage
risk while optimizing cost. Liminal’s “The Rise of Integrated Identity
Platforms” report explores how the identity verification market is
evolving toward those comprehensive platforms, creating value for
enterprises and consumers.
A true identity platform provides a
comprehensive suite of capabilities that enables
companies to layer verification technologies in
ways that rise to market challenges and create
holistic views of customers.
More than 1,500 point solution vendors have
emerged in the past decade, with each solving
just a fraction of the identity verification problem,
according to recent research from Liminal
Strategy Partners.
80% of executives surveyed cited
"reducing data and information silos"
as a critical priority
Identity
Platforms on
the Rise:
What Is an
Integrated Identity
Platform?
The Liminal research found identity platforms:
A 15.3 Times ROI
Opportunity
Enterprises that adopt an identity verification
platform can generate a 15.3 times annual ROI,
according to the research.
Reduce onboarding
time by 79%
01
Benefits of an
Identity Verification
Platform
Liminal found 67% of
enterprises want to switch
to identity platforms in the
next five years.
Download the Liminal report to learn more:
The Rise of Integrated Identity Platforms
Add security
through a holistic
view of the end user
Inefficient processes for managing
data from different vendors lead to a
24% drop in productivity
Simplify complex
multivendor
technology stacks
50% of consumers will switch to a
merchant with less friction
Streamline onboarding
and reverification, creating
a better user experience
Realize a 6.5 times ROI
through an improved
user experience
03
Decrease account
opening abandonment
by 83%
02
Gain a 2.9 times ROI by
eliminating the need to
integrate vendors
04
Reduce manual
review by 18%
05
Organizations that leverage platforms also can:
67%
50%
80%
24%
The world’s
identity
platform.
Trulioo is the world’s identity platform, trusted by leading
companies for their verification needs. The Trulioo integrated,
automated platform provides unparalleled global coverage
for business and person verification and a comprehensive
suite of in-house capabilities.
Combining its state-of-the-art technology with expert verification
knowledge across diverse markets, Trulioo enables the highest
verification assurance levels, optimizing onboarding costs and
fostering trust and security in the global digital economy.
Trulioo is a registered trademark of Trulioo Information Services Inc. in the United States, the European Union,
Canada and other countries.
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