As a manager at Savora, a platform that focuses on safe identity solutions and verified accounts, I've seen how having the right KYC partner can reduce fraud, make sure rules are followed, increase conversions, and build trust with users over time.
- First, figure out what your project needs.
Before comparing vendors, figure out what your project really needs. Think about this:
- Are you checking users all over the world or just in your area?
- Do you need to check documents, fingerprints, or all of these?
- Are you working with crypto, money, games, or online shopping?
- Do you want help with quick onboarding or manual review?
- Are you expecting a lot of verifications?
It can be easier to find the right provider if you know how big and complicated your project is. This could be a company that works with big businesses, small businesses, cryptocurrencies, or compliance issues.
- Check out their identity verification technology.
The KYC provider's technology is what makes it so good. A trustworthy partner should provide:
- Check with AI
Checks of identity are quick and correct because they use machine learning to find fraud, fake documents, and other strange things.
- Checking with fingerprints
To make sure the user is real, there are checks for liveness, facial recognition, and selfie-video verification.
- Can handle documents from all over the world
Look for coverage of thousands of ID types in more than 180–200 countries.
- Finding Deepfake and Anti-Spoofing
As AI-generated attacks become more common, advanced KYC providers need to be able to spot digital manipulation.
Your onboarding speed and fraud protection will go down right away if your provider doesn't have good technology.
- See how well they can follow the rules.
One of the main reasons businesses do KYC is to stay legal. Your partner needs to be in line with:
- AML and KYC rules
- FATF guidelines
- GDPR (protection of private information)
- Checks for PEP and sanctions
- Requirements for the Travel Rule for cryptocurrency
- Laws in the places you want to visit
A good KYC partner protects your project from legal trouble, fines from regulators, and not following the rules.
- Check how fast and accurately verification works
User onboarding is the first step to using your platform. Slow verification causes people to leave and lose conversions.
Your KYC partner should give you:
- Verification that happens right away or almost right away
- Workflows that run on their own
- Few false positives and false negatives
- System is available 24/7
Users will just switch to competitors if onboarding takes too long.
- Look over the different ways to integrate, like APIs, SDKs, and dashboards.
Your development team will have more time and less technical work to do if the integration goes smoothly.
Check for:
- APIs that follow REST
- Mobile SDKs for Android and iOS
- Workflows that can be changed
- Webhooks
- Making decisions in real time
- Clear writing
A good KYC provider fits right into the structure of your product without breaking the flow of your UX.
- Make sure it can grow in the future.
Your project might start out small, but the right KYC partner should help it grow a lot.
Confirm:
- Are they able to handle millions of checks?
- Do they cover the whole world?
- Is their infrastructure in the cloud and able to grow?
- Can they handle a lot of traffic during busy times?
Just because your platform gets popular doesn't mean your onboarding should slow down.
- Enquire About Standards for Data Privacy and Security
KYC has very private information about customers. Your partner needs to have:
- Encryption from start to finish
- Certifications for SOC 2, ISO 27001, and PCI DSS
- Safe servers
- Handling data in a way that is compliant with the GDPR
- Architecture with no access
- Regular checks of security
Your users and your brand are at risk if a provider doesn't put security first.
- Look at different pricing models and see how flexible they are.
Different service providers charge different amounts.. Stay away from hidden fees and confusing bills.
Look for:
- Pricing that is clear and easy to understand
- Clear cost of per-verification
- Volume discounts
- Plans that work for new businesses
- No long-term commitments unless absolutely necessary
The right partner will give you prices that are easy to understand and fit your budget.
- Consider how well the manual review works and how helpful the customer service is.
You still need to check AI models from time to time.
Things that are important:
- Support for customers
- Every day of the week, all day
- Help in more than one language
- People who can review by hand and know how
- Times when you can be sure of a response
- Account managers who really care about their work
Quick help can save time, money, and user satisfaction when things go wrong.
- Try out their solution before you sign.
Always ask for:
- A live demonstration
- Free trial or sandbox space
- Pilot testing with real verification flows
This lets you judge:
- Quickness
- Correctness
- Experience of the user
- How hard it is to integrate
- How well fraud detection works
A good provider will let you test everything before you sign up with them.
In conclusion, the right KYC partner is what makes your project successful.
Choosing the right KYC partner is not only a technical choice, but also a strategic one. The KYC provider you choose will have a direct impact on:
✔ How well you can follow the rules ✔ How quickly you can add new users
