Link Index for Business & Entity Verification for Financial Institutions and Fintechs​


Report Overview

Get the 2024 Link Index for Business & Entity Verification (BEV), Liminal’s annual ranking of the top providers helping financial institutions and Fintechs navigate the complexities of verifying businesses and entities. The analysis concludes the solution market is divided into two main segments: specialized point solution providers and comprehensive KYC/fraud solution companies that have recently integrated business and entity verification (BEV) into their offerings, with a notable gap in vendors offering a full suite of BEV, KYC and fraud solutions.

This report identifies the top 14 vendors providing comprehensive business verification. These companies distinguish themselves by delivering tailored solutions to banks and Fintechs, setting them apart in the industry for meeting in-demand product capabilities. Alongside identifying these key players, we extensively evaluated their product offerings, strategies, and market presence.

Whats Inside

  • Market Overview and Vendor Landscape
  • Survey Results for Buyer Demands and Must-Have Product Features
  • Assessment Criteria for Product Capability Strength and Market Presence  
  • Vendor Position on the Link Index for Transaction Fraud Prevention in E-Commerce 
  • Detailed Company Profiles and Product Information for the Leading Vendors
  • Methodology, Definitions, and Business Entity Verification Processes Diagrams

What you’ll learn

  • Insights into the evolving landscape of business fraud and the regulatory environment
  • Challenges and opportunities for financial institutions and Fintechs in adopting BEV solutions
  • How top vendors are meeting the demand for comprehensive BEV capabilities
  • An in-depth market analysis and vendor landscape covering market demand, buyer preferences, market challenges, and a ranking of leading solution providers
  • Visualize and compare market trends and the relative positions of solution provider performance across dimensions for product execution and strategy thresholds. 
  • Where each vendor is positioned on the Link Index for Business and Entity Verification for Financial Institutions and Fintechs 
  • Detailed company profiles and product details for the top 14 market players, providing insights into their strengths, gaps, and market positions.

View the Link Index for insights you can use to gain a strategic competitive advantage with the actionable market intelligence you need to drive business outcomes:

About Link Index for Business & Entity Verification for Financial Institutions and Fintech​s

This report underscores the critical nature of Business & Entity Verification in the contemporary financial ecosystem, driven by a heightened legislative focus on compliance and fraud prevention. While the industry grapples with these challenges, a select group of vendors has risen to the forefront, offering solutions that not only meet the fundamental requirements for compliance and fraud prevention but also excel in delivering end-to-end platforms that address the broad spectrum of financial institutions’ and Fintechs’ needs.

Profiles of the top 14 vendors leading in this market include Caf, ComplyAdvantage, Experian, Detected, Dun & Bradstreet, IDology, Kyckr, LexisNexis Risk Solutions, LSEG (London Stock Exchange Group), Middesk, Parallel Markets, Moody’s Analytics, Sumsub, Trulioo.

For complete results, including company profiles, product details, and an interactive database that can be sorted by industry, use case, and other criteria, go to Link™.

  • Methodology

    The Link Index offers a detailed analysis and ranking of leading vendors for specific use cases, leveraging robust data and insights from Liminal’s market and competitive intelligence platform, Link. Liminal’s research team invites solution providers to participate in a company survey and analyst briefing. It uses a proprietary framework to assess and rank product capabilities based on their relevance to market needs. Liminal’s Digital Identity Landscape taxonomy and ontology are central to the Link Index, which precisely evaluates vendor solutions by buyer demand, product capability, and market presence. Liminal conducts a rigorous survey among buyers in the vendor selection process to identify the most in-demand product capabilities and the most valued product components. Market presence criteria included buyer satisfaction, market penetration, and brand recognition. The Link Index was designed to be used to inform go-to-market strategy and execution and provide guidance for solution buyers, specifically:

    • Executives in corporate strategy
    • Leaders of go-to-market execution
    • Practitioners of solution implementation

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