Proof and Socure partner to combat fraud and forgery | Proof

Proof, a market leader in remote online notarization and identity-secured transactions, has partnered with Socure, a leading provider of AI-driven digital identity verification, sanctions screening, and fraud prevention. This partnership aims to help businesses combat fraud in agreements and forms, a market valued at $200 trillion.

According to FINCEN’s 2021 report, false records and forgery result in over $45 billion in fraudulent activity annually, surpassing the $18 billion associated with money laundering and other identity-related risks.

Businesses face increasing fraud risks throughout the customer lifecycle, from account opening to every form, authorization, loan, and transfer. These interactions, often involving documents that are approved, signed, and notarized, expose companies to fraud, impersonation, and forgery—risks exacerbated by AI, deepfakes, synthetic identities, and falsified records.

Proof’s Defend product uses over 100 behavioral and data signals to combat fraud during critical agreement execution. With Socure’s integration, Proof enhances its anti-fraud and identity verification capabilities across industries such as real estate, mortgage, auto, retirement, banking, and legal services.

Socure’s Sigma Fraud suite advances identity verification by analyzing a consumer’s historical behavioral patterns across institutions, geographies, and timeframes to detect anomalies indicating risk. The suite is powered by a decade of consortium data from the Socure Risk Insights Network, which includes nearly 2,400 customers such as major banks, fintechs, gaming services, payment platforms, and payroll providers.

Johnny Ayers, founder and CEO of Socure, stated: “With the explosion of new fraud vectors, our mission at Socure remains steadfast: use AI to deliver the most accurate anti-fraud and identity verification solutions in the industry. Partnering with Proof allows us to uniquely ensure identity-assured transactions for contracts, authorizations, forms, and high-risk financial events across various sectors. Our strategic visions are perfectly aligned, and together, we're poised to redefine the standards of what's possible.”

The combined capabilities of Proof and Socure address every dimension of potential fraud attacks. Their technology makes it costly and difficult for fraudsters to evade detection, operating in under two seconds without impacting user experience. This multi-layered defense analyzes 30,000 signals in real-time, including PII, barcode data, device and behavioral intelligence, geolocation, and biometric signals. The partnership ensures that complex fraudulent attacks cannot bypass the system, resulting in high accuracy and automation.

Pat Kinsel, CEO of Proof, commented: “Fraud is an increasingly serious problem across all industries, and companies need multi-layered defenses to help prevent billions of dollars in losses. Adding Socure’s digital identity verification capabilities to Defend, our fraud detection and prevention product, allows customers to secure transactions at every stage, quickly and accurately. We can’t think of a better partner and are excited to introduce Socure to Defend clients.”

About Socure

Socure is a leading provider of digital identity verification and fraud solutions. Its AI and predictive analytics platform uses artificial intelligence and machine learning with trusted online and offline data to verify identities in real-time. Socure is the only vertically integrated identity verification and fraud prevention platform with both IAL-2 and FedRAMP Moderate certifications, offering advanced assurance and high standards for security and compliance. Socure serves over 2,300 customers across financial services, government, gaming, healthcare, telecom, and e-commerce, including four of the five top banks, the top credit bureau, and more than 400 fintechs. Organizations such as Capital One, Citi, Chime, SoFi, Green Dot, Varo, Ingo, Robinhood, Gusto, Public, Poshmark, Stash, DraftKings, PrizePicks, and the State of California trust Socure for accurate and inclusive identity verification and fraud prevention. Learn more at socure.com.