Best Practices for Document Verification

As more sophisticated fraud attacks are on the rise, financial institutions and other organizations are tightening identity verification protocols, including KYC/CIP, fraud prevention, and sanction screening. Fraudsters are becoming craftier, so identity proofing companies are introducing additional measures to combat deep fakes and synthetic fraud while performing a balancing act to ensure speed and accuracy.

Socure works with customers to assess their risk tolerance for every use case across their product lines and then recommends document verification (DocV) when needed, as a step-up method or otherwise. With the addition of DocV, there exists less of a need for companies to leverage multiple vendors for KYC/CIP and fraud decisioning workflows, which drive up costs and reduce efficiency and accuracy.

In this webinar presentation, we discuss:

  • Best practices for document verification as a top of funnel or as a step-up solution
  • How to mitigate fraud without sacrificing customer experience
  • Document verification as part of a holistic approach to identity verification

On-Demand Webinar

  • Erick Soto

    For over a decade, Erick Soto has worked as a product leader in the FinTech industry. Currently, as Vice President of Product at Socure, he focuses on identity verification and fraud prevention technology. Previously, Erick was a Risk Analyst for a mobile payments startup in San Francisco, which was acquired by Capital One in 2012. While there, he served as a Product Owner, where he led multiple cross-functional teams to build the first completely automated business enrollment engine for a next-generation small business banking platform. Also, Erick was the Head of Product for BBVA’s Open Platform, where he developed APIs that facilitate access into the financial ecosystem. His experience working in Fintech and in Fraud, Risk, and Operations have carved a natural career path into identity verification and product management.

  • Johnny Ayers
    CO-FOUNDER & CEO, SOCURE

    Johnny is the co-founder and CEO of Socure. As an industry expert on fraud prediction, authentication, and KYC/CIP/AML verification, he has helped to craft the ID+ solution into a powerfully predictive tool for tier-one financial institutions to better understand digital identity and onboard new customers. Socure is the second company he's co-founded, having also lead international teams for growth ventures marketing to organizations large and small, across 6 different continents.

  • Alex Faivusovich
    SR. RISK ANALYST

    Alex has spent more than a decade focusing on fraud analysis and anti-fraud solution implementations.

  • Kevin Gosschalk
    FOUNDER & CEO, ARKOSE LABS

    Kevin Gosschalk is the CEO and Founder of Arkose Labs. Previously, Kevin worked on gaming hardware for the intellectually disabled at the Endeavour Foundation and built a unique device incorporating Microsoft's Kinnect Camera technology. Noted for his involvement in interactive development and machine vision, Kevin then turned his expertise to automated abuse and human verification — often regarded as the Internet's impossible problem. Today, Arkose Labs has transformed the irritating chore of comprehension into an SLA-guaranteed technology that prevents automated abuse for brands like Electronic Arts, Singapore Airlines, and Roblox.

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