Alloy, Identity verification, Fraud, Identity Proofing, Fintech

Alloy and Socure Partner to Automate Digital Identity Verification and Onboarding for Financial Institutions

Joint Solution has Enabled Radius Bank to Reduce Fraud by 50%, Manual Reviews by 95% and Increase New Account Conversion by 30%
Posted by Socure on Oct 17, 2018

NEW YORK--()--Socure and Alloy today officially announced a partnership that enables financial institutions to make real-time digital identity verification decisions with unprecedented speed and accuracy for onboarding new customers. Using the combination of Socure's AI-based identity risk scoring and Alloy’s workflow management has helped Radius Bank, an innovative digital bank, cut fraud in half, virtually eliminate manual reviews, and achieve a major boost in its new account conversions.

Identity Proofing, Identity verification, IDC, digital identity verification

Socure Named Lead Innovator in Identity Proofing for Financial Institutions by Research Firm IDC

Company Recognized for Advanced Predictive Analytics Platform that Combines Deep Learning and AI Technologies to Verify Digital IDs, Prevent New Account Fraud, and Enhance KYC Compliance
Posted by Socure on Jul 30, 2018

NEW YORK, July 30, 2018 -- Socure, a leading provider of predictive analytics for digital identity verification, today announced it was named an IDC Innovator for identity proofing by research firm International Data Corporation (IDC). The Socure ID+ platform was cited for helping financial institutions reduce fraud, increase auto acceptance in the onboarding process, and cut costs associated with manual review.  

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