Signicat, a leading provider of digital identity solutions, has been named a Leader in the IDC MarketScape: Worldwide Identity Verification for Financial Services 2025 Vendor Assessment*.
“We believe being recognised as a Leader in the IDC MarketScape for Identity Verification reflects the strength of our technology and our vision. Our mission is to make digital identity both secure and seamless, helping financial institutions build lasting digital trust with their customers,” says Pinar Alpay, CPO at Signicat.
A Comprehensive Identity Verification Platform
Signicat offers a unified platform for identity verification, integrating multiple methods to create a secure and flexible solution. The platform provides access to 36 electronic identity (eID) schemes through its world-leading eID Hub, enabling organisations to verify identities across borders. For electronic document and biometric verification, Signicat’s VideoID solution combines real-time video capture with artificial intelligence to detect document tampering and impersonation to securely verify identity documents and customer identities. The platform has recently incorporated NFC-based technology after the acquisition of Inverid and its ReadID solution, allowing instant verification by reading the chip in biometric passports and ID cards via NFC.
Trust Orchestration across the complete lifecycle
With Mint, its no-code workflow builder, businesses can design and deploy custom onboarding and verification workflows without requiring development resources.
Furthermore, its RiskFlow Orchestration solution combines various verification methods, fraud intelligence and compliance data into a single, automated decisioning flow. This enables organisations to implement dynamic, risk-based logic for continuous identity management, from onboarding to continuous authentication.
Fighting AI-Driven Fraud
According to Signicat’s data, deepfake-related fraud attempts have risen from just 0.1% in 2021 to 4.7% by the end of 2024 and exceed 12%+ in consumer credit. Yet businesses continue to underestimate the scale: the research “The Battle in the Dark” from Signicat shows that while 74% of organisations believe they are winning the battle against fraud, one in five transactions they process and customers they onboard are fraudulent, while just half of businesses (53%) track fraud consistently and only 45% consistently measure its impact.
“A multi-layered, adaptive approach is essential to fight AI-driven identity fraud. Rather than relying on a single point of defence, organisations can orchestrate layered verification and risk checks that adapt in real time to evolving fraud tactics,” adds Pinar Alpay.
By embedding document verification, biometrics, electronic identity schemes, and fraud intelligence into a single orchestrated platform, Signicat enables organisations to stay ahead of increasingly sophisticated AI-driven threats and protect digital trust at scale.
*IDC MarketScape: Worldwide Identity Verification in Financial Services 2025 Vendor Assessment (doc #US52985325, September 2025).
