Ondato is an identity management software known for its end-to-end Know Your Customer (KYC) and Anti-Money Laundering (AML) management capabilities. The software provider offers a propriety operating system that clients can customize to create their very own unique platform. It is known to help cut their KYC-related business costs by up to 90%. Moreover, it is flexible enough to be used for KYB (Know Your Business) and due-diligence purposes. In fact, Ondato offers two different pricing packages for these business processes. The platform is also prized for its easy-to-use client onboarding, business intelligence, user base management, and reporting features.
The suite has five main solutions—identity verification, business onboarding, customer data platform (CDP), due diligence, and authentication. These provide users with an end-to-end identity management solution from remote registration and onboarding to centralized data management to sanctions and adverse media checks. As you can manage all these under one single hub, you will be able to streamline every returning user’s journey.
Ondato has advanced features, including automated identity verification using photos and assisted identity verification using videos. The platform also allows users to confirm identities via esignature and even sign documents using SMS. And, thanks to its API, you can use it with other third-party platforms. Moreover, it makes its SDKs available to both Apple and Android devices.
Furthermore, what’s also great about Ondato’s offerings is that you can create your custom identity management software suite by mixing and matching only the modules that you need. You only pay for whatever you use. Thus, you can tailor Ondato according to your particular business needs. In fact, it is being used across many industries, from financial services and insurance to adult content and gambling.
Naturally, to be able to be an identity management software provider in these industries, Ondato has high international compliance standards. It is GDPR compliant and ISO Level 1 and 2 certified. This speaks volume for its advanced technological solutions for digital identity verification, data validation, fraud detection, and business customer onboarding, among others. All of these meet the highest quality standards available.
Lastly, Ondato is available via flexible pricing plans across three product usage categories. It has four KYC and one of them is free, supporting up to 100 verifications per month. Its paid plans start at a minimum of 149€ or about $160.12 per month.
Show MoreThere are many benefits to using a robust yet flexible identity management software solution like Ondato. The main ones include:
Cut down KYC, KYB, and due-diligence costs
Ondato users have been known to cut their KYC costs by up to 90% by having all their identity management and related processes under one roof. This allows them to get rid of software stacks and manual integrations to manage their user base across different solutions. With Ondato, you only need one solution for all of these.
Simplify processes and save time
Thanks to Ondato’s advanced proprietary verification flow, clients will be able to streamline their users’ onboarding and return processes. This is thanks to features like smart data extraction that can extract data from documents like passports and other forms. Also, its video-assisted onboarding feature provides users with an intuitive onboarding experience. This doesn’t only free up valuable employee time and attention but also minimizes human error.
Augment your processes with an advanced decision engine
Manual fraud and duplicate detection can take time. Ondato allows clients to save time and increase accuracy through its decision engine for fraud, spoofing, and duplicates. This advanced module can also help detect multiple people in the background for automated photo-based and video-based assisted onboarding. Also, it includes email and IP risk scoring. Moreover, it has a PEP (politically exposed person) screening to identify people with prominent public functions like high-profile political roles. In this way, users will be able to flag individuals that carry the highest risks.
Set your own rules
Ondato provides users with the tools to create their own workspaces, automation rules, and workflows. They can apply this to all important points in their end-to-end information management processes, from onboarding to lifecycle management. Users are also allowed to customize user-facing touchpoints like branding.
Provide omnichannel support
With Ondato, clients can allow their users to complete any transaction even when they switch to another device. This means that any verification process can be continued from one device to another without interrupting the whole process.
Stay up to date
By having a centralized hub for everything identity management, you will be able to stay up to date on any changes occurring within your system regardless of changes in location and regulations.
Show MoreKnowing that businesses have distinct business-related requirements, it is wise that they avoid picking a one-size-fits-all, ”best” business application. At any rate, it would be hard to come across such an app even among well-known software solutions. The better thing to undertake should be to make a list of the different main aspects that need careful thought including major features, plans, skill capability of staff, business size, etc. After which, you should double down on your product research exhaustively. Browse through these Ondato analyses and scrutinize each of the applications in your shortlist more closely. Such well-rounded product research ensures you avoid unfit software solutions and buy the system that provides all the tools your company requires in sustaining growth.
Position of Ondato in our main categories:
Ondato is one of the top 20 Identity Management Software products
If you are considering Ondato it may also be a good idea to check out other subcategories of Identity Management Software listed in our base of SaaS software reviews.
Enterprises have unique wants and requirements and no software solution can be perfect in such a scenario. It is futile to try to find a perfect out-of-the-box software product that meets all your business needs. The intelligent thing to do would be to adapt the application for your unique wants, worker skill levels, budget, and other aspects. For these reasons, do not hurry and pay for well-publicized trendy systems. Though these may be widely used, they may not be the perfect fit for your particular wants. Do your research, look into each short-listed application in detail, read a few Ondato Identity Management Software reviews, speak to the seller for clarifications, and finally choose the product that offers what you need.
Ondato Pricing Plans:
minimum of ~$160.1 (€149 ) per month
minimum of ~$493.19 (€459) per month
By Quote
~$491.13 (€459.00) per month
By Quote
~$159.43 (€149.00) per user/month
~$266.43 (€249.00) per user/month
Ondato Pricing Plans:
minimum of ~$160.1 (€149 ) per month
minimum of ~$493.19 (€459) per month
By Quote
~$491.13 (€459.00) per month
By Quote
~$159.43 (€149.00) per user/month
~$266.43 (€249.00) per user/month
Ondato offers three product lines: Know Your Customers, Know Your Business, and Officer Platform. Each has their own tiered pricing plans. Plus, the company also offers extra services with data-based fees. Below are all the available Ondato pricing plans.
Growth – €1.05 (~$1.13) at a minimum of €149 (~$160.1) per month
Expansion – €0.95 (~$1.02) at a minimum of €459 (~493.19) per month
Enterprise – Custom (from 3000 verifications per month)
Know Your Customer Extras
Know Your Business
Standard – €459.00 (~$491.13) per month + Data Fee
Enterprise – Custom Price
Officer Platform
Start – €59.00 or ~$63.13 per user/month + data fee
Growth – €149.00 or ~$159.43 per user per month + data fee
Enterprise – €249.00 or ~$266.43 + data fee
We realize that when you decide to buy a Identity Management Software it’s crucial not only to see how experts score it in their reviews, but also to find out if the actual people and businesses that purchased these solutions are indeed happy with the service. That’s why we’ve devised our behavior-based Customer Satisfaction Algorithm™ that aggregates customer reviews, comments and Ondato reviews across a broad range of social media sites. The data is then displayed in a simple to understand format revealing how many people had positive and negative experience with Ondato. With that information at hand you will be equipped to make an informed buying choice that you won’t regret.
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Ondato has an API to allow users to connect with third-party applications. Moreover, the software provider also lets users to further customize Ondato modules to suit their needs and software architecture. Please contact the vendor for specific details.
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