Streamlining Global Growth with Seamless Identity Verification

Socure Solution Insights: Streamlining Global Growth with Seamless Identity Verification

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Socure Solution Insights: Expanding Coverage and Improving Precision with the Latest Advances in Deceased and Address Data

As our customers expand globally, they need a consolidated identity verification (IDV) solution. International IDV can bring major obstacles, as fragmented regional data is challenging and costly to aggregate. <a href="https://www.socure.com/glossary/compliance">Compliance</a> also varies drastically across borders, making a patchwork of vendors unwieldy. Not only that, this multi-vendor approach is expensive, complicated, and makes for an unpredictable customer experience. Without a streamlined approach, implementation is challenging and organizations may struggle to aggregate volume and pricing, or research results in a timely manner.
<h2>Optimizing Global Data for Unrivaled Coverage</h2>
Consolidating to one single vendor with an end-to-end approach not only means better coverage, but also covers other areas of your business such as fraud detection, <a href="https://www.socure.com/products/global-watchlist">global watchlist screening</a>, and <a href="https://www.socure.com/products/document-verification">document verification</a>.
<a href="https://www.socure.com/products/identity-verification">Socure Verify</a> is part of <a href="https://www.socure.com/solutions/compliance">Socure’s streamlined approach to compliance</a>. To support our customers’ global growth, we recently enhanced our Socure Verify solution to enable identity coverage in 44+ countries and counting. Verify unlocks passive verification of names, dates of birth, addresses and national IDs worldwide — all through a single, scalable solution. With equitable inclusion and localized cultural knowledge built in, organizations avoid excluding underserved demographics.
Data coverage is a continual process, and international coverage is no exception. We carefully vet these data sources to balance coverage, cost, and compliance. Our international coverage now includes:
<ul>
<li>Up to 88% coverage in UK</li>
<li>Over 51% coverage in France</li>
<li>More than 69% coverage in Italy</li>
<li>Rising coverage globally</li>
</ul>
Address translations also now support 8 language scripts, including: Cyrillic, Hellenic, Hebrew, Arabic, Kanji, Chinese, Hangul, and Thai. This brings our native screening support to more than 200 writing systems.
<h2>Enhanced Verification Drives Higher Auto-Approvals</h2>
In addition to expanded coverage, Socure Verify+ now includes enriched identity elements like email, phone, SSN issue date and source category, and recency date for all attributes returned. With more verification signals to work with, businesses can make faster and more accurate automated approvals. Socure has also loosened input requirements for flows like SSN verification, enabling true PII inputs to support progressive KYC.
<img loading="lazy" decoding="async" class="aligncenter wp-image-10267 size-large" title="Coverage at a glance" src="https://www.socure.com/wp-content/uploads/2024/01/Coverage-at-a-glance-1024x639.png" alt="Coverage at a glance" width="1024" height="639" srcset="https://media.socure.com/app/uploads/2024/01/Coverage-at-a-glance-1024x639.png 1024w, https://media.socure.com/app/uploads/2024/01/Coverage-at-a-glance-300x187.png 300w, https://media.socure.com/app/uploads/2024/01/Coverage-at-a-glance-768x479.png 768w, https://media.socure.com/app/uploads/2024/01/Coverage-at-a-glance.png 1090w" sizes="(max-width: 1024px) 100vw, 1024px" />
Coverage at a glance
<h2>Seamless Growth, Limitless Possibility</h2>
With Socure, companies can <a href="https://www.socure.com/blog/new-to-country-consumers-represent-trillions-in-economic-value">confidently verify customer identities anywhere to drive revenue growth worldwide</a>. With 98% less manual reviews and 30% more <a href="https://www.socure.com/glossary/customer-auto-approval">auto-approval</a>s, <a href="https://www.socure.com/blog/predictive-docv-3-0-sdks-offer-enhanced-ux-with-10-percent-conversion-lift">streamlined global IDV unlocks new potential to thrive across borders</a>. And because compliance is built into our solutions, Socure Verify is designed to satisfy even the most rigorous international regulations.
Whether accepting payments from the UK, seeking a Gibraltar gaming license, or executing Canada/Mexico business trades, Socure arms you with the definitive verification coverage needed to confidently transact worldwide.
Growth opportunities abound for global business. With Socure, any company can verify international identities in real-time – no matter where users are located. Seamless global verification is now a reality.
<a href="https://offers.socure.com/WC-2023-09-27-The-Changing-Face-of-Compliance-eBook_eBook-The-changing-face-of-compliance.html">Download our latest eBook to learn how to navigate 7 key shifts in the compliance space.</a>
*Note: Stats are achieved by referencing a random sample of historical international customer traffic. Actual production stats may vary customer to customer, based on application quality and traffic regions.

Socure Solution Insights: Streamlining Global Growth with Seamless Identity Verification

Arpitha Gadag

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