The word from digital ID specialists Signicat for you;
Signicat, a leading provider of digital identity solutions, has been named a Leader in IDC MarketScape: Worldwide Identity Verification for Financial Services 2025 Vendor Assessment.*
” We believe that being named a Leader in the IDC MarketScape for identity verification confirms the strength of our technology and our long-term vision. Our mission is to make digital identity both secure and seamless and to help financial institutions build lasting digital trust with their customers,” says Pinar Alpay, Chief Product Officer (CPO) at Signicat.
A comprehensive identity verification platform
Signicat offers a cohesive identity verification platform that integrates multiple methods to create a secure and flexible solution. The platform provides access to 36 electronic identity systems (eIDs) via the world-leading eID hub, enabling organizations to verify identities across borders.
For electronic document and biometric verification, Signicat’s VideoID solution combines real-time video recording with artificial intelligence to detect document forgery and identity theft, thus securely verifying identity documents and customer identities. The platform has recently incorporated NFC-based technology following the acquisition of Inverid and its ReadID solution, enabling instant verification by reading the chip in biometric passports and ID cards via NFC.
Orchestration with risk management throughout the identity lifecycle
In addition to initial verification, Signicat offers comprehensive risk orchestration and flow management capabilities. With Mint, Signicat’s no-code workflow creation tool, businesses can design and implement custom onboarding and verification workflows without their own development resources.
In addition, the RiskFlow Orchestration solution combines various verification methods, fraud intelligence, and compliance data into a single, automated decision-making flow. This enables organizations 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 fraud attempts have increased from just 0.1% in 2021 to 4.7% by the end of 2024 and exceed 12% in consumer credit. Yet, companies continue to underestimate the scale: Signicat’s “The Battle in the Dark” survey shows that while 74% of organizations believe they are winning the fight against fraud, one in five transactions they handle and customers they onboard are fraudulent, while only half of companies (53%) track fraud consistently and only 45% consistently measure its impact.
– “A multifaceted, adaptive approach is essential to combat AI-driven identity fraud. Instead of relying on a single line of defense, organizations can coordinate multiple layers of verification and risk checks that adapt in real-time to new fraud methods,” adds Pinar Alpay.
By integrating document verification, biometrics, electronic identity systems, and fraud intelligence into a single, unified platform, Signicat enables organizations to stay ahead of the increasingly sophisticated AI-powered threats and safeguard digital trust at scale.
* IDC MarketScape: Worldwide Identity Verification in Financial Services 2025 Vendor Assessment (doc #US52985325, september 2025).
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