# Socure Verify

## Previously Socure KYC

### Precise, accurate and inclusive customer identity verification

Socure Verify automates the customer onboarding process with unrivaled data coverage and industry-leading technology that delivers exceptional customer experiences with uncompromised compliance.

### Market-leading data coverage
- Eliminate coverage gaps with our diverse and authoritative data sources that enable precise identity resolution of nearly any consumer.

### Unmatched Accuracy
- Hyper-advanced AI and ML technology automates data ingestion, identity clustering and cleansing significantly reducing manual reviews and disparate impact.

### Auditable transparency
- Self-service analytics dashboard
- Side-by-side comparison of customer input data and the single best-matched entity ensures confidence in operations.
- Identify areas of improvement for your business, easily adjust risk parameters, drive policy alignment and optimize your workflows in real-time.

### Key Metrics
- Up to 99% verification of mainstream populations
- Up to 94% verification of Gen Z consumers
- 30% more coverage of 18-year-olds than legacy solutions
- Up to 40% reduction in manual reviews
- 5% more accurate compared to legacy solutions

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### Harness data and patented technology for unsurpassed identity assurance

Our triangulated data approach verifies an identity across multiple trusted sources and then correlates thousands of identity data points – online and offline – to surface a single best-matched entity.

### Optimized queries return more matches
- Search query logic is tested and optimized to return the largest possible pool of identity matches.

### No exact character match required
- Billions of records are searched in under a second to find matching identities using fuzzy approximation technology that detects:
  - Name derivatives and seniority
  - Misspellings, prefix and suffix standardization
  - Variation in identifier form and phonetic variations.
- Reason codes show risk and information reason codes for context by data element between the input and resolved identities.

### Precise results with best-matched identity
- Algorithmic name matching: Precise identification for similarities in various name permutations, derivatives, seniority, misspellings, prefix and suffix standardization, phonetic variation or use of a nickname.
- Robust date-of-birth matching: Resolve an input date of birth to eight different accepted formats and combinations.
- Advanced SSN matching: Overcome common errors such as typos and miskeys, and verifies results from diverse data sources.
- Best-in-class address normalization: Provides the current mailing address, with >99.5% coverage surpassing industry standards.

### Hundreds of authoritative data sources including:
- Credit bureau
- Alternative credit data
- Telco
- Consumer banking and payment data
- Student data
- Other NIST 800-63 authoritative sources.

### Complete view of the single best-matched entity via dashboard and available API integration with Socure Verify+
- First, middle, last name, and any suffixes
- Full 9-digit SSN with issuance date
- Date-of-birth
- Deceased date (if applicable)
- Proprietary cross-industry feedback data of billions of known transaction outcomes
- Current phone number, with up to 3 associated phone numbers with first and last seen dates
- Email address, with up to 3 associated email addresses with first and last seen dates.

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### The most complete view of customers tailored to the needs of your organization

#### Bespoke deployment
- Align risk tolerances to your regulatory requirements and organization policies.
- Automate exception processing to accept, deny, review, or require step-up verification.
- Provision admin access based on role to ensure data security.

#### Confident explainability
- Exact proof points on matched PII.
- Demonstrable controls.
- Reduce risk of regulatory enforcement.
- Trust in operations.

#### Native eCBSV Integration
- Validate name, SSN, and DOB with the issuing authority.
- Additional assurance for high-risk customers.
- Strengthen CIP compliance and prevent synthetic identity fraud.
- Boost customer verification rates by 6-8% for hard-to-verify demographics.
- Optimized workflow for accuracy, coverage, scale, and cost-savings vs. direct integration.

### Applicable Use Cases
- Non-documentary identity verification
- New customer onboarding
- KYC/CIP compliance
- Financial Services
- eCommerce/Marketplace
- Sharing economy.

### Cross-industry support
- Financial Services
- Telco
- KYC/CIP compliance

### Datos Insights 2023
**AML Impact Award Winner**  
Best Know Your Customer / Business Innovation

Recognized for innovation in accurate, inclusive verification of hard-to-identify populations including Gen Z, new-to-country, credit-invisible and thin-file.

> “One of the things I appreciate most is how explainable the results are, which makes audits (and onboarding new customers) so easy.”  
> - Top 5 Bank Customer

The largest enterprises with the most stringent regulations—4 out of 5 top banks, 7 of 10 top card issuers along with hundreds of fintechs trust Socure.

For more information, contact us at salesinfo@socure.com  
©2023 Socure, Inc. All rights reserved. Socure, the Socure logo and ID+ are registered trademarks in the United States and other countries.