Socure |
Competing Vendor |
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_____________ Identity Verification and Fraud Prevention ___________ |
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Passive Identity Verification, 98% Frictionless Auto-Approvals |
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Fully-Automated, In-House ML-Driven Technology, Infinitely Scalable |
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20%-40% Approval Lifts for Gen Z and Millennial Consumers |
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Up to 90% Third-Party & Synthetic Identity Fraud Capture in the Riskiest 3% |
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Feedback Consortium and Third-Party Data |
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Patented Technology for Automated Data Ingestion, Cleansing, and Identity Resolution |
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Holistic Approach, Correlating Every Element of Digital Identity |
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KYC/CIP and AML Compliance |
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Financial Governance and Regulatory Expertise |
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______________________ ID Document Verification ______________________ |
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Flexible IDV Strategy with ID Document Verification Used for Step-Up or at the Top of the Funnel |
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#1 Identity and Document Verification Solution According to Analysts |
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Scalable Automated Solution Prevents Service Delays from Volume Spikes |
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92% Customer Conversion |
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Supports Thousands of Global ID Documents, 190+ Countries |
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Industry-First Predictive Device, Phone, and Address Risk Signals That Feed into Decisioning |
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Easy-to-Use, Guided Image Capture App, |
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Optimized for a Best-in-Class UX |
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Passive, Single-Frame, NIST-certified Liveness Detection with 96% Accuracy |
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Computer Vision-Driven Enhanced Facial Biometrics to Match an Optional Selfie to the ID Photo |
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Unmatched Forensic Analysis on North American IDs |
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15-Second Response, Not Minutes |
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Fully Automated ID-Centric Solution, No Offshore Manual Review |
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Robust Authenticity Checks, Strong Fraud Prevention |
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Robust On-Device Quality Checks for Optimal Image Capture, Web SDK |
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No-Code Configuration Dashboard, with 170+ Customizable Attributes |
After implementing Socure’s KYC and ID document verification solutions, Betterment has been able to swiftly onboard more good customers while keeping out more bad actors. Additionally, they’ve seen a dramatic increase and faster time to revenue with a 30% increase in auto-approval rates and a significant reduction in manual reviews.
“With Socure, we saw our approval rate improve by 30%. We’ve also driven down rejection rates considerably while mitigating identity theft and other types of fraud we encounter."