This November, Socure introduced a wide range of updates designed to make identity verification smoother, faster, and more flexible. For fintech teams, these enhancements mean less friction during onboarding, improved fraud detection, and clearer insights into user behavior—whether they’re new members or users returning to the platform.
On the data collection front, the updated Digital Intelligence Web SDK streamlines how sessions start and pause, ensuring more dynamic management of user data. The Global Watchlist has gained new international sources, making it easier to spot high-risk profiles and comply with regulatory standards worldwide. To support younger and thin-file applicants, Socure Verify (KYC) can now confirm identity from a single piece of personally identifiable information (PII), improving coverage and cutting down on user drop-offs.
On the decision-making side, the Decision Admin Dashboard offers greater flexibility, letting you run multiple “Live” Decision Logics and conditionally handle document verifications. New reason codes help pinpoint suspicious behaviors—like virtual mailboxes or multiple identity overlaps—giving you the intelligence needed to prevent fraud at scale. Additionally, the introduction of SocureID means you can distinguish between first-time and returning users, unlocking refined onboarding experiences and more accurate analytics.
Overall, these updates provide richer data analyics, stronger fraud protection, and more adaptable workflows, so you can maintain trust, streamline operations, and stay ahead of evolving risks.
Key Highlights:
- Digital Intelligence SDK Enhancements: Accelerate session creation, pause/resume data collection, and leverage customerSessionId for more controlled and efficient data
- Expanded Global Watchlist Coverage: New sources of intelligence from Canada, Australia, and the U.S. improve global screening capabilities and ensure you meet evolving compliance requirements.
- Single-Input Verification: Confirm identities using just one piece of PII (e.g., email, SSN) to reduce friction, increase coverage, and improve experiences for younger or thin-file applicants.
- Refined Decision Logic: Manage multiple active decision frameworks, customize Document Verification outcomes, and easily deploy baseline logic to sub-accounts—offering greater flexibility in how you assess risk.
- SocureID & Reason Codes: Identify returning users, detect unusual SSN issuance timing, uncover missing SSN/ITIN data, and spot suspicious patterns like virtual mailboxes—empowering more informed decision-making.
- RiskScores V4 & SDK Updates: Leverage refined risk models and robust SDK improvements for enhanced fraud detection, deeper insights, and a more seamless integration process.
