Description
Cognito, acquired by Plaid, specializes in identity verification (IDV) and compliance solutions for high-growth businesses, particularly in the fintech sector. Their comprehensive product suite includes 'Flow' for all-in-one ID verification, 'Screening' for modern AML compliance with global watchlist monitoring, and 'Identity' for frictionless verification. The platform is designed to optimize customer onboarding, manage compliance (e.g., OFAC), prevent fraud like presentation attacks and synthetic identity fraud, and support the full customer lifecycle. Cognito offers a developer-centric infrastructure with easy-to-integrate APIs and SDKs, but also provides no-code solutions. They support international users with coverage in 209 countries and 13,000 ID documents, ensuring security through SOC 2 audits and AES-256 encryption. Their clients include prominent companies like Coinbase, Brex, and Affirm.