Identity risk solution: build vs. buy decision

If your technology is designed to solve only the problems you’re facing right now, it’s probably not good enough. What were best practices in fintech a few years ago—or even a few months ago—are no longer sufficient. This problem is especially pressing when it comes to financial crime (fincrime) and risk management. The solution you’re relying on today might not be able to help you tomorrow, given the rapidly changing fraud landscape.

While some fintech companies build their own risk management solution, many choose to buy an identity risk solution. A well-designed platform offers a holistic view of your data and enables an automated decisioning process. Built for speed and scale, it can support your business growth and become part of a forward-looking strategy. This guide will help you decide whether building your own solution or buying an identity risk platform is right for your business.

In this eBook we’ll explore:

• The components that make up a robust identity and risk management solution
• The business cases where it makes more sense to build your own solution in-house
• The business cases where it makes more sense to outsource an identity risk solution
• Common questions (and answers) fintech companies face when they are making the decision to build vs. buy