Socure, the leading provider of digital identity verification and fraud solutions, has launched predictive document and identity verification solution with native fraud risk signals and intelligence.
Socure’s Predictive Document Verification goes beyond simply authenticating a government-issued ID and matching a selfie to the photo on the ID, but also predicts whether or not the identity itself is safe to do business with by employing real-time data linking for better accuracy and real-time identity trust decisions.
“Socure’s Predictive Document Verification helps us onboard new customers quickly and scale more rapidly than we could with other tools. It is the only solution providing a single, comprehensive view on the digital identity, not just on document authenticity and matching, but for actual risk and fraud decisions. No other solution compares in terms of accuracy or insights,” said Alex Faivusovich, fraud prevention manager at Lili. “With DocV, we gain confidence in knowing we are doing business with consumers who are who they say they are and won’t put our business at risk.”
“The use of document identification and verification solutions to verify a user’s identity is growing due to the surge in online, digital interactions,” said David Mattei, senior analyst, Aite-Novarica Group. “Socure’s Predictive Document Verification product goes beyond traditional document validation and photo-to-selfie matching. It looks at other risk attributes such as device fingerprints, phone number, and other digital identity signals to deliver a more comprehensive risk profile of the user.”
