Challenges Faced When Developing In-House Solutions
Multiple Integrations Drain Resources
In fast-paced, highly regulated markets, changes occur rapidly. Many businesses struggle to keep up with the technical demands of integrating multiple identity and KYC providers, diverting scarce resources away from core product development. Each new integration requires time, expertise, and ongoing maintenance, which can overwhelm development teams and inflate costs. The complexity increases exponentially when operating across multiple jurisdictions, each with its own set of regulations and preferred providers.
Manual Processes Slow You Down
A lack of automation in KYC and verification processes hampers efficiency, causing delays and increasing operational costs.
Insufficient Reporting
Without real-time reporting, businesses struggle to adapt and optimize user experiences promptly, hindering effective decision-making.
Excessive KYC Expenses
Conducting KYC checks during registration can be costly, especially when verifying users who may never convert into paying customers.
Rising Fraud Risks in New Markets
Entering new regions exposes your business to increased fraud risks, low conversion rates, and a lack of essential tools to mitigate these challenges.
Limited Development Resources
Complex KYC integrations strain your development team, reducing their capacity to focus on core projects and increasing dependency on specialized skills.
Long Time to Market
Speed is one of the most important characteristics of a sucessful company, and this need has multiplied with increased competition, constant market changes and increasing regulatory requirements. For most companies, speed is always a challenge despite technological assistance, especially when it comes to quick access to new markets.
Market Knowledge
When venturing into new markets operators may struggle getting the right tools and the required knowledge of the specific market, this can not only incur unnessary costs but can be extemely time consuming delaying the entery and development of these markets.
Increased Compliance
The dynamics of digitalisation and the continual shift to online- and mobile services has made the importance of stricter regulatory frameworks, data security requirements and effective online verification and documentation necessary. The challenges of these constantly increassing compliance requirements requires continous focus and the respective expertise.
How DevCode Identity solves the challenges for you
All In One Solution
DevCode Identity includes over 300 providers and integrations. You get access to the latest and best KYC providers on the market and in many cases have the option of confirming user information non-intrusively. We can offer localized and optimized sign-in possibilities for different markets.
Full Automation
Designed and developed with automation in mind. You can define both the signin flow as well as the identification flow required. Get a fully automated user journey based on workflows and scenarios.
Out of the Box Reporting
Real-time reports to be able to provide real time statistics and information.
Lower KYC Cost
In combination with offered payment integrations, you can define exactly when and most importantly at what value or time users should be verified. As a result, the costs for customers with low or for non-customers can be significantly reduced.
Lower Fraud
Reduce fraud in both existing markets you operate in by taking effective actions to reduce identity and (trial) bonus fraud. We also provide the necessary tools, integrations and knowledge to provide you with specifc risk-related support as you enter new markets.
Simple Integration
Decrease your time to market. Minimal integration effort on your part, as it is a simple API that includes many implementations. We take care of updates and maintenance of all the solutions. Receive direct chat support from the onboarding team during the integration process.
Quick Turnaround
You get rapid time-to-market solution thanks to our simple API and strong onboarding team. Some operators have even implemented the API in less than a few weeks.
Proven Solution
Tested on multiple markets, making it easier for you when it comes to implementing the right tool for the right market.
Compliant
Fulfill your compliance requirements for regulated markets since we cover multiple jurisdictions such as UK, Sweden, Germany, Netherland and more.
