Acuant integrates selfie and ID document verification with Experian fraud prevention platform
Acuant is integrating its Assure ID with Experian’s CrossCore to bring its machine learning-powered facial recognition and ID document verification technology to the fraud and identity platform.
The combination of document verification and Experian’s identity risk analytics and verification tools enables organizations to use multiple identity verification strategies, and comply quickly with the June 2017 National Institute of Standards and Technology (NIST) Special Publication on “Digital Identity Guidelines,” according to the announcement.
“While technology is evolving to allow for more efficient transactions, it also allows for new exposure to fraud,” said Yossi Zekri, CEO of Acuant. “Businesses need to have a more aggressive approach to fraud prevention. Our collaboration with Experian helps modernize identity proofing and makes real-time verification a reality.”
Assure ID reads biometrics and alphanumeric data from identity documents, and performs 50 different tests to verify their validity. Acuant says its identity document library is the largest in the industry.
“We use data and advanced analytics to help businesses make informed decisions that quickly and easily recognize legitimate customers, while also detecting fraud,” said Steve Platt, Experian president of Decision Analytics and Data Quality. “By leveraging a combination of document verification, biometrics and identity verification, businesses can reduce the over-reliance on personally identifiable information for identity proofing and better align with NIST guidelines.”