Business Fintech News

Unit21 Partners with Socure to Reinvent Identity Verification

Unit21 Partners with Socure to Reinvent Identity Verification

Unit21, the market leader in risk modeling, announced a partnership with Socure, the leader in Day Zero digital identity verification. Through the partnership, Unit21 clients are able to make real-time identity verification decisions through Socure’s identity verification platform. The partnership has come as a result of Unit21 expanding its identity verification orchestration layer to include some of the most successful players in the market. Shared clients between Unit21 and Socure include Unifimoney and ZenBusiness.

Read More: Worldline Welcomes Ingenico, Creating a New World-Class Leader in Payment Services

Unit21, the market leader in risk modeling, today announced a partnership with Socure, the leader in Day Zero digital identity verification.

Customers using Socure ID+, with Unit21’s onboarding workflow engine, will significantly increase the speed of customer onboarding and loyalty while reducing friction for the good players, and minimizing accessibility to the bad players.

“We are thrilled to be working with Unit21 as their preferred partner for identity verification solutions,” said Evan Rabinowitz, Head of Business Development at Socure. “In addition to strengthening our offerings for current clients, this partnership will also help Socure foster new relationships with numerous organizations facing the critical challenge of identity fraud in our industry.”

Read More: New Study Finds 70% of Consumers Would Leave Their Bank For One That Properly Identifies Themselves When Calling

The partnership comes at an exciting time for Unit21 having just raised a $13M Series A round to build the world’s most flexible transaction monitoring rules engine and case management system. Intuit, Coinbase, and Line are among Unit 21’s client base, which also recently expanded its core offerings to include an identity verification application.

Unit21’s no-code approach to identity verification makes it possible for customers to leverage Socure, the leader in Day Zero digital identity verification, to build complex decisioning workflows with ease, whilst consolidating the alert workload into Unit21’s platform — gone are the days of analysts working across several systems to resolve risk and compliance alerts.

Read More: First Regulated DeFi Project KingSwap Raises $20 Million in Funding and Liquidity Support, Announces Public Launch on Uniswap

Related posts

PayByPhone Announces New Global Leadership Structure As The Business Continues To Grow

Fintech News Desk

Temenos Launches Product to Help Banks Overcome Legacy Issues

Fintech News Desk

PayPal Ventures Invests in Threat Prevention Leader Deep Instinct

Business Wire
1