• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

Mobile ID World

Mobile ID World

Identification Revolution

  • Mobile ID
    • What Is Mobile ID?
    • Identity Associations
    • Premier Partners
    • FAQ
  • News
  • Solutions
    • Behavioral
    • Facial Recognition
    • Fingerprint Biometrics
    • Iris Biometrics
    • Second Factor
    • Smart Cards
    • Smartphones
    • Vital
    • Voice
    • Wearable Tech
    • Other
  • Applications
    • Access Control
    • Cloud Technology
    • Commerce
    • Enterprise
    • Healthcare
    • Identification
    • Internet of Things
    • Law Enforcement
    • Strong Online Authentication
  • Exclusive
    • Interviews
    • Featured Articles
    • Podcasts
  • Companies
  • Events

Socure Among Aite-Novarica’s Top ID Verification Vendors

December 17, 2021

Socure is boasting about its strong showing in Aite-Novarica’s latest Global Document Identification and Verification Impact Report. In the Report, Aite-Novarica evaluated identity verification and fraud prevention offerings from eight of the industry’s top vendors, and listed Socure’s ID+ Platform as the best of those eight solutions.

Socure Among Aite-Novarica's Top ID Verification Vendors

In that regard, Socure was the only identity verification provider that made its way into the best-in-class circle in a number of different categories. ID+ was recognized for its product features, while Socure was recognized for its strong client roster and services in addition to its stability as a vendor.

Aite-Novarica also commended Socure for its Predictive Document Verification (DocV) solution, which debuted in September and uses computer vision to analyze various elements of an identity document. The solution can estimate the age of the person in a photo, and uses optical character recognition to extract information from an ID.

The DocV platform can be integrated into a company’s app or deployed through a web browser, and analyzes transactions in real time to generate a risk score for each interaction. In doing so, it helps separate fraudsters from legitimate customers, and explains how it got those scores to help clients make more informed decisions about their user base.

“Legacy solutions aren’t accurately predicting whether or not it is safe to allow a user to enter a company’s ecosystem,” said Socure founder and CEO Johnny Ayers. “Accurate identity risk assessment reduces losses at customer onboarding and the surge in online growth has forced organizations to adopt solutions that add good customers in real time while eliminating fraud.”

Ayers noted that strong identity verification services are becoming increasingly essential in virtually every industry, from the automotive sector all the way through to healthcare, hospitality, entertainment, transportation, and finance. The Aite-Novarica news comes shortly after Socure brought in $450 million in a round of Series E funding, which raised the company’s valuation to an industry-leading $4.5 billion.

–

(Originally posted on FindBiometrics)

Filed Under: Industry News Tagged With: Aite-Novarica, Aite-Novarica Global Document Identification and Verification Impact Report, anti-fraud, DocV, ID, identity verification, identity verifications solutions, industry recognition, industry reports, Predictive Document Verification, Socure

Related News & Articles

Hugging Face Raises $15 Million to Expand Natural Language Processing Library

FIDO Highlights PSD2, eIDAS, and Digital Wallets in Recap of Virtual Authenticate Event

Portugal’s NOS Gets a Boost from IDEMIA’s eSIM Tech

Primary Sidebar

Register For the Next Virtual Identity Summit

Register now!

Tweets

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

FACEPHI is a global leader in Facial Recognition technology and in Mobile Biometrics technologies. With a strong concentration in the financial sector, FacePhi’s product is rapidly becoming a service used by banks all over the world. Its implementation doesn’t just save money, it is also a way to attract clients and build loyalty, while increasing the security of transactions for both the customer and the business. To learn more about FacePhi, visit https://www.facephi.com/en/

Recent Posts

  • Thai Authorities Approve Mobile ID for Airport Boarding
  • New Yoti Solution Ties Biometrics to e-Signatures
  • Kenya’s New President Pushes for Digital ID By Year’s End
  • MDL, Digital ID Gain Momentum in State Efforts
  • Brazil-based Selfie Onboarding Startup Reports 250% Sales Jump, Global Expansion

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 MobileIDWorld