Socure and ForgeRock have formed a strategic partnership to support companies with the entire customer identity lifecycle.
This combination of Socure’s AI-powered risk scoring and ForgeRock’s identity and access management platform, businesses will be able to complete real-time digital identity verification, access and authorisation decisions at an accelerated rate. The partnership will support customers from the initial onboarding and throughout their entire relationship with the brand.
Only verified users will be onboarded through the ForgeRock provisioning process.
By coming together, these companies can lower fraud and manual reviews, and streamline onboarding for new account opening. It also lets joint customers build advanced registration processes and give end-users instant access.
Socure utilises AI, machine learning and clustering algorithms to learn a customer’s identity through their digital footprints. The platform collates data from online and offline data points in order to validate identities and predict whether information is being used authentically.
Its solution is able to generate risk scores for email, phone, address, and fraud, and is also able to monitor global watchlists, and authenticate physical documents.
Socure co-founder and SVP Johnny Ayers said, “Providing new customers a 100% digital, frictionless account opening experience, while meeting know-your-customer requirements and preventing fraud is simply not possible using traditional identity verification methods.
“Our partnership with ForgeRock allows customers to convert new account applications without manual reviews and make authentication and identity management virtually transparent to end users.”
ForgeRock is a digital identity solution which helps enterprises to manage the entire identity lifecycle of people, services and products.
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