LoginID – Competitor Analysis

The purpose of access management and identity is to ensure that the right people will only have access to the things they own and need. Unauthorized people are not allowed to access any resources. With authentication, which is the process of determining who users they claim to be, is the first step in securing every critical data.

The goal is to recognize that reliable authentication protocols are important for every organization to verify each user. This way, it can protect you from possible theft or any fraudulent acts. 

Demand for Advance Authentication

An authentication method includes something users know, something users have, and something users are. Each authentication method offers different levels of security. Multifactor authentication is recommended.

Institutions search for the best provider to fulfill their ID verification and document authentication requirements. These are the market players in the sector:

LoginID

LoginID is leading in terms of biometric authentication. It provides basic and a stronger one, like PSD2 Strong customer authentication, FIDO2 certified.

Its fraud prevention solutions and features will surely help businesses reduce fraud and increase people’s trust.

LoginID offers a digital signature option to increase identity verification. LoginID can provide financial institutions with a FIDO2-powered eiDAS-approved legal signature that allows them to enhance their services. It also offers a transaction verification with a digital signature service, where online transactions can be cryptographically signed using the customer’s biometric to create a digital receipt. 

Online identity verification is one of the things that you should also focus on, as this can give you another protection that you need digitally.

Auth0

Auth0 offers vertical authorization solutions. This allows them to have dynamic control over access, from granting access to certain people to allowing access to others. Through their user management system, enterprises will gain insight into customer behavior. Users who want to automate their Auth0 solution fully may have difficulty with the limited administration options. Auth0 offers FIDO WebAuthn-based biometrics and email logins to be used as an alternative to passwords.

For more information about competitor analysis, read this infographic from LoginID.