IDfy is a leading AI-powered identity verification and fraud detection platform designed to help businesses streamline digital onboarding, prevent fraud, and comply with regulatory requirements. Trusted by banks, fintechs, telecoms, gig platforms, and global enterprises, IDfy offers a wide range of solutions that automate and secure KYC (Know Your Customer), KYB (Know Your Business), background verification, and risk assessment.
With a mission to build trust in digital ecosystems, IDfy processes over 150 million verifications a year across sectors and geographies. The platform’s robust APIs and SDKs make it easy for businesses to integrate real-time identity verification, document validation, and AI-based fraud detection into their user journeys—whether for customers, employees, vendors, or partners.
Headquartered in Mumbai, IDfy combines artificial intelligence, machine learning, and a deep understanding of local compliance norms to deliver secure, scalable, and intelligent identity infrastructure.
Features
IDfy offers a wide array of features across identity verification, fraud detection, and background screening:
Digital KYC (Know Your Customer)
Verify customer identity using PAN, Aadhaar, passport, voter ID, and other government-issued documents with AI-driven OCR and facial recognition.
Video KYC
Secure and compliant video-based KYC with real-time face matching, liveness detection, and session monitoring for regulated sectors.
Background Verification (BGV)
Conduct checks on employment history, education, criminal records, address verification, and references with customizable BGV workflows.
Business Verification (KYB)
Authenticate business entities with GSTIN, CIN, Udyam, MSME, and other data points, including directors’ verification.
Fraud Detection Engine
Detect and prevent document tampering, synthetic identities, duplicate profiles, and impersonation using AI models trained on fraud patterns.
Liveness Detection & Face Match
Ensure that the person being verified is live and matches their official ID through biometric verification and anti-spoofing techniques.
Document OCR & Validation
Extract and validate data from uploaded documents using AI-powered OCR optimized for regional formats and languages.
Bank Account Verification
Verify ownership and authenticity of bank accounts using penny-drop or penny-less verification methods.
Real-Time APIs and SDKs
Plug-and-play APIs and SDKs allow seamless integration into mobile apps, web portals, and internal systems.
Global Verification Support
Support for international identity checks, helping global companies onboard and verify users across countries.
How It Works
IDfy’s platform enables businesses to verify users and mitigate fraud in real time through these key steps:
Data Capture
The user submits an identity document, image, or video via a mobile or web interface using IDfy’s SDK or API integration.AI-Powered Analysis
IDfy’s engine uses facial recognition, OCR, and document forensics to validate the input and detect anomalies or tampering.Database Cross-Checks
The extracted data is cross-referenced with official government and financial databases to confirm authenticity.Risk Scoring and Alerts
Each verification generates a risk score. High-risk profiles trigger automated alerts for manual review or additional checks.Actionable Output
Businesses receive structured data, match confidence levels, and fraud insights via a dashboard or directly into their systems.Audit and Reporting
Comprehensive logs and audit trails support compliance and regulatory audits with ease.
This end-to-end verification system allows organizations to make faster, data-driven decisions without compromising security or compliance.
Use Cases
IDfy supports multiple industries and business models with tailored verification solutions:
Banking and Fintech
Onboard customers with RBI-compliant video KYC, verify income documents, and prevent loan fraud through document forensics.
Gig Economy Platforms
Screen delivery partners, drivers, and freelancers for criminal records, ID verification, and duplicate profiles.
Telecommunications
Enable seamless eKYC and address validation to activate connections while complying with TRAI and DoT regulations.
E-commerce and Logistics
Verify vendors, warehouse staff, and delivery agents to ensure safety and reduce operational risks.
Insurance Companies
Automate policyholder onboarding and claims verification with face match, liveness, and document validation.
Real Estate and Rentals
Screen tenants, landlords, and property agents through criminal background checks and ID verification.
Corporate HR and Staffing
Run pre-employment checks across education, employment history, address, and identity for employees and contractors.
Crypto and Web3 Platforms
Comply with global KYC/AML norms to onboard users while preventing identity theft and synthetic fraud.
Pricing
IDfy follows a custom pricing model based on business size, usage volume, and service modules required.
Pricing typically depends on:
Number of verifications per month
Type of checks (KYC, BGV, KYB, etc.)
API vs. dashboard usage
Compliance requirements and geography
To receive a tailored quote or request a demo, interested businesses should contact IDfy through https://www.idfy.com/contact.
Strengths
IDfy brings multiple advantages to digital identity verification and compliance:
AI-First Approach
All modules are powered by advanced AI/ML models that adapt to fraud trends and reduce false positives.
Regulatory Compliance
Meets RBI, SEBI, and TRAI norms for onboarding in India, with global capabilities for multinational use.
Fast and Scalable
Verifications are completed in seconds, with the capacity to handle millions of transactions per month.
Customizable Workflows
Modular APIs allow businesses to tailor verification journeys for different user segments.
Fraud Prevention
Proprietary fraud detection tools catch subtle manipulations in ID documents and user behavior.
Enterprise-Ready Security
Data encryption, access control, and audit logs ensure enterprise-level data protection.
Strong Track Record
Trusted by top Indian banks, unicorn startups, and global enterprises for secure onboarding and screening.
Drawbacks
While IDfy is a leading verification solution, there are a few limitations to note:
Not Built for Individual Use
IDfy is strictly a B2B platform, not suitable for individuals needing one-time verifications.
No Public Pricing
Lack of transparent pricing can be a hurdle for small businesses or startups evaluating options.
India-Focused by Default
Although it supports global verification, its core strength is in Indian compliance and databases.
API Integration Required for Full Functionality
Smaller teams may need technical support to integrate SDKs and APIs into their platforms.
Dependent on External Data Quality
Accuracy is partially reliant on the completeness and availability of government or third-party databases.
Comparison with Other Tools
Versus Onfido
Onfido is strong in global markets and biometric verification. IDfy offers better customization for Indian KYC and compliance needs.
Versus Jumio
Jumio focuses on document verification at scale. IDfy adds background checks and fraud scoring to go beyond basic verification.
Versus HyperVerge
Both offer video KYC, but IDfy provides more holistic services, including KYB and background verification.
Versus Veriff
Veriff is global-first, while IDfy has deeper integration with Indian regulatory frameworks and fraud detection layers.
Versus AuthBridge
AuthBridge specializes in background checks. IDfy combines that with real-time KYC, KYB, and document forensics.
Customer Reviews and Testimonials
IDfy has earned praise from leading enterprises for its accuracy, speed, and reliability. Clients include:
Leading private and public banks in India
Fintech unicorns and payment apps
Telecom providers and insurance companies
Logistics, gig economy, and edtech platforms
According to customer statements highlighted on their website and case studies:
Faster onboarding: Reduced onboarding time by over 80% in some use cases
Reduced fraud: Helped detect thousands of fraudulent profiles in delivery networks
High accuracy: Over 99% data extraction accuracy using AI-OCR
Strong support: Clients commend IDfy’s onboarding and technical integration assistance
For detailed testimonials or case studies, visit https://www.idfy.com/customers.
Conclusion
IDfy is a robust, AI-powered platform built to enable secure, fast, and compliant identity verification for digital businesses. With services ranging from KYC and KYB to fraud detection and background checks, IDfy addresses the growing demand for trust, safety, and compliance in the digital age.
Whether you’re a fintech scaling fast, an enterprise streamlining HR, or a platform managing risk at scale, IDfy helps you verify users and partners with confidence and intelligence.
