The Real Identity Blog

Consumer onboarding becomes a utility

The move to provide consumers with one-click enrollment experiences like single sign-on across apps (ex. bankID, Project Verify, GSMA RCS universal profile etc.) will ramp up. In parts of Europe and Canada where a handful of very large institutions control most of the banking structure, moves are underway for a coordinated, shared identity verification and management solution that will be made available to merchants and other providers.  

As the premier outlet for vendors and customers in the financial services industry, Money20/20 is THE place to see the latest products in fintech, as well as learn about future trends. But like with Gartner Conferences or Oracle OpenWorld or the Identity Summit, you still have a measure of vendors who seem to be saying similar things. How can every vendor truly be the best? It takes a lot to rise above the noise and differentiate. We like to think Socure did that very thing this year. We were loud and fun, but we also proved that we’re three steps ahead when it comes to identity fraud prevention and auto-acceptance.

Socure Founder and Chief Strategy Officer Sunil Madhu joined Arif Ahmed, SVP of emerging payments and technological innovation at U.S. Bank, and Frank Villavicencio, CPO for access and identity at ADP, onstage at this year’s Money20/20 to discuss AI’s role and future in identity verification and customer experience. The panel was moderated by Dan Rosen, founder and general partner of Commerce Ventures.

How can we secure identities online? In a brief video interview with Yale Insights, Socure’s Co-Founder and Chief Strategy Officer Sunhil Madhu discusses the current state of affairs when it comes to data breaches and fraud (spoiler alert: it’s safe to assume everyone’s data has been stolen several times over); the ways in which current tokenization efforts are not enough; and how social networks and connections are the wave of the future (and the present) when it comes to verifying and securing identity.