ID Dataweb Market Research Report

Company Overview

• Name: ID Dataweb

• Mission: To create a world where digital trust is the foundation of every interaction, providing businesses with tools to verify identities and combat fraud with confidence.

• Founded: ID Dataweb was founded from the National Strategy for Trusted Identities in Cyberspace (NSTIC) initiative in 2011.

• Founders: No information is available.

• Key People: David Coxe, Co-founder and CEO, Mark Dreux, Director of Financial Services.

• Headquarters: 8330 Boone Blvd, Suite 400, Vienna, VA 22182, USA.

• Number of Employees: No information is available.

• Revenue: No information is available.

• Known For: Over 300 million identity verification transactions for Fortune 500 businesses and government agencies.

Products

Identity Verification Platform

• Description: A comprehensive solution for identity validation across digital interactions for consumer, workforce, and third-party identities.

• Key Features:

• Offers security solutions to prevent account takeover.

• Easy integration using 70+ attributes for identity proofing.

• Integrates with existing federated systems.

• Adaptable workflows with low/no-code interfaces.

Attribute Exchange Network (AXN)

• Description: A patented identity security platform that orchestrates verification and authentication processes.

• Key Features:

• Integrates 70 best-in-class tools.

• Enables operations via out-of-the-box templates.

• Comprehensive provider feeds for single contract and integration.

• Continuous updates for cutting-edge technology.

Enhanced Multi-Factor Authentication (MFA)

• Description: Provides an additional layer of security by verifying user identity using various data sources.

• Key Features:

• Integrates mobile carrier data and OTPs.

• Dynamic authentication based on risk assessment.

• Supports adaptive authentication for seamless user experience.

Directory Risk Analysis and Screening

• Description: Tools for screening and maintaining secure directories.

• Key Features:

• Identifies fraudulent entries, duplicates, and deceased users.

• Monitors for ongoing risks in directories.

• Offers thorough screening for improving security posture.

Recent Developments

• New Products & Features:

• Lumin Digital partnered with ID Dataweb to integrate enhanced identity security into digital banking platforms.

• New partnerships with IBM to expand identity verification in digital banking and other markets.

• Continuous updates to platform, integrating biometrics and more comprehensive data sources.

• Awards:

• Won “Security Orchestration Solution of the Year” in 2024 CyberSecurity Breakthrough Awards.

• Best Fraud Prevention Solution at the 2024 Benzinga Fintech Awards.

• New Partnerships:

• Collaboration with Lumin Digital for digital trust solutions in banking.

• Expanded relationship with IBM for identity access management integration.

This report covers some of the current operational details and strategic directions of ID Dataweb, focusing on its most recent innovations, partnerships, and recognitions in the industry.