Discussion
yuppiepuppie: Nice to see a Spanish startup in YC :) Good luck!
neya: Here's a better idea: Eradicate requirement of the most personal details of someone to do basic tasks...such as using a web application.Unless it's a government organisation, no private provider should have the ability to use or process people's identities. It's too much power in one entity's hands. I wish someone would actually solve this instead of yet another ID solutions. We all saw how a literal job seeking app (LinkedIn) abused this.
throw03172019: “Stripe for XXXX” is an odd description when Stripe does the XXXX feature.What do you guys do different?(Stripe identity customer)
rosasalberto: Stripe builds great products, including identity. But it’s not a specialized identity platform.A few differences: - Limited global document coverage (not all IDs or countries supported). https://docs.stripe.com/identity - No advanced workflow orchestration for complex identity flows - Missing features like NFC chip verification - Pricing similar to traditional IDV vendors (expensive)Stripe Identity works well inside the Stripe ecosystem, but companies that need more flexible, global identity infrastructure usually look for specialized solutions.
burntpineapple: There’s so many identity players. I don’t want to support some rich twins from Barcelona. I’m more allergic to the rich than AI at this point.
dang: Personal attacks are not allowed here. No more of this, please.https://news.ycombinator.com/newsguidelines.html
toomuchtodo: Who would you say is your primary competitor (besides Stripe) and how are you better than them today?
btown: Great to see innovation in this space!If I could make one giant request, it's around giving (properly authorized) humans the ability to override the system when needed. When you make a simple API, it's all too common for a company integrating the solution to rely entirely on the identity service's yes-no outcome. But all too commonly, there's no way to override a decision, or bypass the need for identification.In the travel space, I've seen situations, especially with luxury and celebrity clients, where there's human levels of trust across the board, all parties are agreed at senior levels that they'd like to fulfill with a one-off exception to identity verification... but the technology refuses to let them proceed without going through the full verification flow, and if they're integrated in the simplest way, there's no "escape hatch" on the integration's side.And similarly, if a person happens to trigger false negatives on video matches (say, due to medical reasons) giving support teams an ability to build exceptions is key. Having a way to tell the system "for this transaction/account ID, when they get to this node in the flow, let them through as if checks proceeded, or treat them as pre-authorized" would set you apart.(Obviously, for things involving KYC, there's a lot of considerations around permissioning - but for many use cases, you want to empower senior support teams.)
keepamovin: Stripe has a pretty good identity system already. What do you think of it?
rosasalberto: Stripe Identity is good, especially if you already use Stripe.The main difference is that Stripe built identity mostly for their payments ecosystem, while Didit is a standalone identity infrastructure that works across any platform and any identity flow.We also optimized heavily on fraud detection, speed, and much better pricing.
pear01: Isn't it useful to pair identity with common reasons to identify? Why else would you ask?Are you saying your fraud detection and speed beats Stripe, or just your price?
rosasalberto: Yes, we mog on speed, onboarding rate, fraud detection, and price.
sheiyei: > Yes, we mog English please
fduran: Suerte! Unrelated, growing up in Spain it always baffled me that identification was based on a photo on your DNI. Stories of siblings or even friends that had a passing resemblance to each other sharing DNIs was a common story.
rosasalberto: Spain didn’t really integrate many of the newer innovations in identity verification for a long time. Luckily things are improving, and we’re already working with some great companies there. Saludos!
rosasalberto: There is many direct competitors in the space, the main ones are Persona, Jumio, Incode, Sumsub, and even orchestrators like Alloy.In general I believe we just built a better product: - Fastest verification on the market (inference time < 2s, well optimized infra, we do real time checks (for example when you do the front scan of the ID, we do the checks real-time, instead of waiting for the user to do the back, like persona does, and takes > 30 s, ours is less < 2 s). - Optimized onboarding rate worldwide, global coverage, any country, low connectivity and every device accepted, and optimized (different models loading in the client depending on the speed ..etc, and many more tricks) - Fraud detection (we analize > 200 signals, to detect fraud in real time, from IP analysis, device fingerprinting, replay attacks, deepfakes ...) we got experts on that, and we act quickly if we see new attack vectors appear. - Developer experience (self-service, pay per usage, API first). You can start doing verifications without needed to use the UI (everything programatic), and integrate in few minutes. - Flexible, you can create any identity flow with your own rules. You can enable features with just 1 click, no need to reintegrate. - Pricing model (pay per usage, no monthly minimums, no enterprise gated, and low prices)
hoistbypetard: https://www.merriam-webster.com/slang/mog
olalonde: There are a bunch of competing companies in that space but it's true that transparent pricing and self-service is rare. Good idea to focus on that.
rosasalberto: Thanks! transparency and frictionless access always wins long term
iamacyborg: Seon, Comply Advantage. There's lots of competition here.
rosasalberto: Comply Advantage specializes in AML, Seon as well.They provide one signal, identity verification is more than that.
beachy: This sounds innately wrong. When we think of celebrity clients traveling but skipping any identity checks because their entourage can vouch for them and don't want to hassle them - then who's to say later whether that person did or did not travel to that island or authorize that money transfer?Instead, this should be handled not by fudging identity verification but by skipping it and maybe tagging the skip event with some verified identities of the people authorizing the skip.
iamacyborg: They both offer IDV products and have entrypoints into enterprises as a result of their AML/KYC offerings.
b5chm1d7: IDV always reminds me of that Norm joke about ID:“The I stands for I, and the D stands for Dentification”
kmoser: > and maybe tagging the skip event with some verified identities of the people authorizing the skipThis. Left unchecked, an entourage around a fake "celebrity" can get pretty far.
mbettie: Love the focus on KYC. I've always wondered why there isn't a centralized identity verification process that makes it easy for beneficial owner reporting for companies. Every financial institution collects this and it's still a manual process and inputting the same info over and over again.
