The online dashboard used for reviewing identity verification transactions, to administer users, configuration and manually run transactions has been completely redesigned for ease of use, self-service and with a new look that ID+ clients are raving about!
Continuing regular product updates to the current version 2.5 of the Socure ID+ solution for consumer verification, August brings enhancements that make ID+ more predictive of valid identities, more robust in information output, and more specific in detailed responses.
This blog outlines some of those updates, and shows you where you can find more information about each area of feature enhancement in ID+!
A rising number of Financial Institutions are leveraging mobile transaction opportunities, but the technology also presents challenges to organizations unprepared for fraud. How can they protect their operations and consumers?
Watchlist checks have been improved, returning more relevant information to make meeting regulatory compliance guidelines easier with more robust data! Socure can be the single-source solution for KYC/CIP and AML Compliance solutions, with global watchlists checks for sanctions and enforcements in over 140 countries. Learn more in this blog.
Since the dawn of time - or at least since man started using ID+ for consumer verification of individual identities, the AuthScore has been the central component of an ID+ Score. A simple ordinal whole number between 0 and 10, it is the cornerstone of ascertaining if a consumer being verified is the person they claim to be. For the latest relase of Socure ID+ for Consumer Verification, version 2.5, the AuthScore is "new and imrpoved" for better validation.
In July 2016, ID+ v2.5 added new field validation models, reason codes and correlation scores that are providing incredible predictive power that feed into both the fraud and authenticity scores returned from an ID+ Digital Identity Check. The correlation score is a new and unique way to improve upon an identity verification process, and enable KYC-type inspection. Read more in this blog from our VP of Data Science and Product, Nash Ali.
On June 7th, 2016 Karen Webster, CEO of PYMNTS.com and Ken Allen, SVP of Operations at Socure sat down to continue their disussion on the changing landscape of identity verification. This 'Digital Disucssion' focused on the methods and frameworks for thinking about a layered approach to consumer authentication.
At Socure, we’re committed to the continuous improvement of our ID+ solution for consumer verification. Soon, clients will need to take action in order to ensure continuous service as we make updates to our product.
First-person summary of Innovation Project a payments industry confernece put on by PYMNTS March 16-17 at Harvard University.
Innovation Project is a conference put on annually by Payments Industry trade publication PYMNTS. Socure was a silver sponsor, our CEO was on-stage briefly during the “Think-a-Thon” challenge, and we participated in the Innovator Expo.
What’s New in ID+ Version 2.5
Over the past two years, Socure has redefined electronic identity verification with alternative data from trusted online and social media information. In version 2.5, we have upped the game with tremendous enhancements to both our SOC-2 Certified Social Biometrics platform and our ID+ APIs.
To do this, ID+ now returns more data than ever before. More data sources, more detailed and expanded field validation and reason codes, more input for fraud prediction—more information for better consumer decisioning.