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Description
Upon encountering a new user, it can be challenging to determine whether they are genuine or a potential fraudster using a counterfeit identity. To mitigate the risk of identity fraud, Identiq has established a Peer-to-Peer network that assesses new users through the experiences and trust levels of existing network members. This innovative approach ensures that the initial interaction with a new user is informed by prior trust, established through the collective, providerless agreement of those who are already familiar with the individual. This process introduces Fully Anonymous Identity Resolution, a reliable cryptographic system that enables network members to confirm that their data aligns with that of others in the network while maintaining complete confidentiality. As a result, no organization gains insight into the identity of the user or the entity posing the inquiry, thereby safeguarding privacy on all fronts. This groundbreaking method not only enhances security but also fosters a community of trust among users.
Description
Prove’s Phone-Centric Identity™ platform oversees over 1 billion identity tokens for consumers and small businesses, enabling organizations to combat fraud while boosting revenue and minimizing operational costs in the digital space. By authenticating identities, companies can reduce fraud risks and streamline the user experience by pre-filling forms with verified information to enhance sign-up rates across various channels. With a reliable registry containing more than 1 billion phone number-based identity tokens, Prove caters to diverse identity verification needs while addressing fraud concerns. As a contemporary solution for identity verification, Prove demonstrates that confirming identity can be as simple as using a phone number. However, the constant threats posed by hackers, state-sponsored attacks, global fraud networks, deep fakes, and automated bots present significant challenges to fostering digital trust between businesses and consumers. In this precarious environment, it becomes increasingly critical for organizations to adopt robust identity verification measures to maintain credibility and security online.
API Access
Has API
API Access
Has API
Integrations
Formalize
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Identiq
Founded
2018
Country
Israel
Website
www.identiq.com
Vendor Details
Company Name
Prove
Founded
2008
Country
United States
Website
www.prove.com
Product Features
Product Features
AML
Behavioral Analytics
Case Management
Compliance Reporting
Identity Verification
Investigation Management
PEP Screening
Risk Assessment
SARs
Transaction Monitoring
Watch List
Authentication
Biometric
Credential Management
Knowledge-Based Authentication
Mobile Authentication
Multifactor Authentication
Out-of-Band Authentication
Policy Management
Self Service Portal
Single Sign On
Social Sign On
Fraud Detection
Access Security Management
Check Fraud Monitoring
Custom Fraud Parameters
For Banking
For Crypto
For Insurance Industry
For eCommerce
Internal Fraud Monitoring
Investigator Notes
Pattern Recognition
Transaction Approval