Socure and Dock have announced a partnership that could have a significant impact on the digital ID landscape.
That’s because each company is a significant player in different areas of the identity technology industry. Socure, for its part, is well-known in the identity verification space. Its platform includes selfie-based IDV capabilities that use facial recognition to match an end user to their physical ID, but also includes a range of other technologies to offer a well-rounded IDV platform. These include device intelligence (checking IP addresses, geolocation data, and so on), email and phone risk assessments, and global watchlist screening, among other things.
Its biometric capabilities, meanwhile, are backed up by liveness detection that is compliant with the National Institute of Standards and Technology’s Presentation Attack Detection Level 2 standard. And its deepfake detection system has been trained on hundreds of thousands of AI-generated images.
As for Dock, the company has made a name for itself pioneering a Reusable Digital Identity platform. Founded in Zug, Switzerland, in 2017, Dock has built a platform that includes a digital identity wallet, a dedicated blockchain that can support an immutable registry of credential issuers, an API enabling the programmatic creation of digital credentials, and a web-based, no-code solution for credential issuance.
The companies’ offerings are in many ways complementary, with Dock providing an innovative digital ID issuance and management platform, and Socure proffering identity assurance solutions that can thwart fraudsters and other malefactors.
That having been said, specific details about the partnership have not yet been revealed. In a LinkedIn post announcing the partnership, Dock CEO Nick Lambert praised Socure’s reach and standing in the fight against fraud, and explained that the partnership will allow his firm to “combine their AI-driven analytics with our decentralized identity infrastructure to offer a more flexible, secure, consumer-centric identity solution.”
Lambert noted that Socure has “over 2,600 customers across financial institutions, government agencies, and leading enterprises,” adding that they are “the gold standard in digital identity verification.”
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October 1, 2024 – by Alex Perala
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