FB pixel

Socure takes IDV solutions global, available in over 190 countries

Categories Biometrics News  |  Trade Notes
Socure takes IDV solutions global, available in over 190 countries
 

Socure has announced the expansion of its identity verification offerings, which provides coverage for all International Civil Aviation Organization (ICAO)-compliant travel documents, including passports, most EU national IDs, and other IDs equipped with Near Field Communication (NFC) technology.

The company’s services are now available in over 190 countries across Europe, Asia, Oceania, Africa, North America, and South America.

According to the company, the move comes in response to growing customer demand for more comprehensive digital identity verification that works across borders.

Johnny Ayers, founder and CEO of Socure, highlights the difficulties global businesses encounter when trying to manage multiple identity verification systems. “For too long, global businesses have been forced to manage a multitude of identity verification and compliance solutions to meet varying geographic requirements. This results in unwieldy operational overhead and, worse, inconsistent performance,” adds Ayers.

“We are laser focused on delivering our best-in-class solutions that allow businesses to scale globally and streamline consumer onboarding, compliance and transaction risk scoring across all of their business lines. Many of the world’s leading global companies now rely on Socure’s integrated compliance and identity verification controls to scale their businesses by saying yes to more good consumers, even as they drastically reduce fraud.”

Socure’s international offerings are built on a platform that integrates AI, machine learning, and multiple data sources to assess whether applicants are legitimate or potentially fraudulent. The platform includes eight modules, all accessible via a single API. These modules cover areas such as electronic Know Your Customer (eKYC) verification, document verification, global watchlist screening, and digital intelligence.

The system supports a range of languages and offers document verification localized into 25 languages, using machine learning and computer vision for the verification process.

Additionally, Socure’s technology provides identity coverage across 44 countries, with penetration in economies such as the UK, France, and Italy. The platform sources data from various government, tax, and commercial records.

AI and fraud detection capabilities

One of Socure’s features is its AI-powered global watchlist monitoring system, which leverages identity graphs and natural language processing to resolve potential matches.

Additionally, the company’s document verification system, DocV, offers coverage for local IDs and other credentials. By using machine learning models, DocV is used to adapt new document types and formats for identity verification.

The company launched its selfie biometric reverification tool to its DocV product in August 2024.

Socure’s digital intelligence suite analyzes user behavior, device profiles, and network patterns to detect fraudulent activities during account registration, login, and transactions.

Related Posts

Article Topics

 |   |   | 

Latest Biometrics News

 

St. Kitts and Nevis chooses Cybernetica as strategic adviser for digital ID system

St. Kitts and Nevis has chosen Cybernetica as strategic adviser as it implements a national digital identity system. Cybernetica is…

 

UK needs unified regulation for facial recognition: Biometrics Institute

The UK needs a clearer and consistent framework for governing facial recognition in public spaces as missteps in deploying the…

 

Cambodia: IDPoor Programme alleviates poverty as system continues digitization

The United Nations Development Programme has provided additional ICT equipment for Cambodia’s IDPoor Programme. The equipment includes 546 tablets, software…

 

Growth of digital wallet use shaking up payment regulations and benefits delivery

Digital wallets are transforming online, offline and cross-border payments around the world, prompting calls for regulatory change in Australis and…

 

Sardine nets $70M in Series C funding for automated fraud prevention platform

Sardine, a startup that employs machine learning for fraud prevention, compliance and credit underwriting, has announced a $70 million Series…

 

Indonesia aims to boost digital ID uptake in bid for greater efficiency

Indonesia is digitizing its civil registration services in a bid for greater efficiency as the country’s citizens enjoy improved convenience…

Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Viewed This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events