The Real Identity Blog

I’ve been in the security space for decades. The bulk of that time has been in identity and access management (IAM). I’ve even published a McGraw-Hill book on the subject. IAM is my baby. But my time in IAM has always been focusing on Day One stuff, as in, I know who you are, so now I’m going to provision you to the apps you can use as part of your role. Recently, I got an invite to do Day Zero stuff, as in, I don't provision you until I know you are truly who you say you are. Day Zero is ID verification. So I've moved my focus a little farther up the stack, touching the identities before they're fully formed.  I made this career change because 1) I wanted a change of scene, and 2) Sunil Mahdu.

Last week was very exciting at Socure as we announced our latest funding round. In the short time since this news went public, I’ve received a number of questions about Socure. People are inquiring about things such as what do you solve for, what is your market position, can you share your future goals, how do you utilize AI, etc.  

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.