Forrester Total Economic Impact™ shows Onfido delivers 261% ROI Forrester Consulting have quantified the real business benefits delivered by Onfido. 26% increase in customer conversion 27% increase in fraudulent accounts detected 30% decrease in time spent onboarding Delivering an overall ROI of 261%. Read the full study to learn more about Onfido’s core benefits as experienced by our customers, and how to calculate the ROI we could deliver for your business. The interviews and financial analysis found that a composite organization experiences benefits of $13.64 million over three years versus costs of $3.77 million, adding up to a net present value (NPV) of $9.87 million and an ROI of 261%. What did Forrester learn? 26% increase in customer acquisition Onfido’s slick user experience means fewer customers drop-off at onboarding. 30% decrease in time spent onboarding Internal teams are more efficient and can spend more time on complex cases. 27% increase in fraudulent accounts detected More fraud is caught before it can cause commercial and reputational damage. What will you learn? Discover Onfido’s core tangible and intangible benefits as outlined by Forrester. Hear from Onfido clients and where they find value in identity verification. Learn how Forrester has calculated Onfido’s ROI across each core benefit. Ready to read the study? Read now OUR SOLUTIONS Our solutions Document Verification Biometric Verification Authentication USE CASES KYC Driver registration User onboarding User verification Identity verification Fraud detection Age verification INDUSTRIES Financial services Marketplaces & communities Gaming Transport Retail & eCommerce Healthcare Telecommunications DEVELOPERS & API Developer Hub API reference Support Service status COMPANY About Onfido Careers Contact us Press Partners Center of Applied AI Onfido uses 256-bit SSL encryption 100% of the time on every device. Onfido is SOC 2 Type II compliant. Onfido has been certified by BSI to ISO 27001 under certificate number IS 660122. Service Status Privacy Policy Security Website Data Usage and Cookie Policy Terms of Use Anti Modern Slavery Statement © Onfido™, 2021. All rights reserved. Company Registration Number: 07479524. By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Cookies Settings Reject All Accept All Cookies