Identity fraud is a serious and growing problem. Low auto approval rates unnecessarily increase costs and hurt your bottom line. To address these issues effectively, identification verification solutions must source live digital data and correlate thousands of online and offline data points for identity proofing that creates a true, holistic model of authentic customer identity.
Only Socure system gives you that power.
Trust our identification verification services.
With Socure's broader data coverage, you will see your auto approval rates soar to 85-92% vs just 60-65% with your legacy provider.
Socure’s identity verifier system consistently captures 80% of the fraud in the riskiest 2% of applicants at a 1:1 False Positive Rate (FPR) or better. Legacy solution providers capture only ~20% in the same population at a 6:1 FPR.
Traditional providers are costing you and you know it. They compromise your customer identity verification flow with inaccurate data and slow, antiquated processes that rely on rules-based approaches, human intuition and manual review. It's a new day for identification verification services.
It's time to get real
Replacing Experian with Socure could add an additional 7.7 in customer lifetime value!
Replacing Experian with Socure could reduce your fraud losses by 7.7 per year!
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© Copyright 2018 Socure. All rights reserved. US Patents #9,147,117 and #9,300,676
© Copyright 2019 Socure. All rights reserved. US Patents #9,147,117 and #9,300,676
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