{"id":41346,"date":"2024-02-15T23:58:13","date_gmt":"2024-02-15T23:58:13","guid":{"rendered":"https:\/\/www.trulioo.com\/blog\/"},"modified":"2024-02-15T23:58:15","modified_gmt":"2024-02-15T23:58:15","slug":"identity-assurance","status":"publish","type":"post","link":"https:\/\/www.trulioo.com\/blog\/identity-verification\/identity-assurance","title":{"rendered":"Organizations Can Strike a Balance Between High Identity Assurance and Swift Onboarding"},"content":{"rendered":"\n

Organizations face the constant challenge of achieving identity assurance to establish trust and mitigate fraud while also streamlining customer onboarding and avoiding operational bottlenecks.<\/p>\n\n\n\n

It\u2019s a delicate balance, but it\u2019s attainable by mixing and matching identity verification capabilities. A flexible verification strategy that adjusts to different markets can help organizations elevate their match rates while achieving the identity assurance level they need.<\/p>\n\n\n\n

Identity assurance processes can involve various techniques and technologies to verify people and business entities. Those measures help prevent unauthorized access, fraud and identity theft.<\/p>\n\n\n\n

Determine the Appropriate Identity Assurance Level<\/strong><\/h2>\n\n\n\n

Identity assurance levels correlate to different tiers of verification confidence for a person or business entity. The levels are often used to categorize the reliability of identity verification processes. The higher the assurance level, the more stringent and reliable the authentication method is.<\/p>\n\n\n\n

Different countries have different standards for identity assurance levels. For example, the U.S. National Institute of Standards and Technology provides Digital Identity Guidelines<\/a> for federal government agencies\u2019 risk assessments and digital services implementation. In the EU, eIDAS<\/a> lays out requirements to help ensure safe access to government services. The EU also has a provisional agreement on a new framework for European digital identity<\/a>.<\/p>\n\n\n\n

Typically, identity assurance levels are categorized into low, moderate and high. Here’s a general overview.<\/p>\n\n\n\n

Low Assurance Level<\/strong><\/p>\n\n\n\n