Outperform: Delivering Industry-Leading Verification Rates with Socure Verify
Blog post from Socure
Socure presents Verify as a non-documentary identity verification platform designed to address shortcomings of legacy credit-data-based systems, particularly for Gen Z, new-to-country consumers, rural residents, and others with limited traditional credit histories. It combines authoritative and alternative sources such as education, utilities, tax, telecommunications, payment, and alternative credit records with machine learning, entity resolution, natural language processing, and extensive name-matching capabilities to create a persistent, multidimensional consumer profile. Socure claims verification rates of up to 99% for mainstream populations and 96.3% for Gen Z consumers, alongside expanded detection of deceased identities and coverage of more than 102 million non-USPS addresses. The company says its approach reduces false rejections and manual reviews while providing risk codes, matched data, normalized addresses, and other metadata for compliance and automated decision-making. Verify also supports specialized use cases such as identifying sports-league personnel for betting operators and has expanded passive identity verification coverage to more than 50 countries, with options to combine its service with document verification.
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