ForgeRock and Socure Partner to Secure the Complete Customer Identity Lifecycle
LAS VEGAS--(BUSINESS WIRE)--Dec 3, 2018--Gartner Identity & Access Management Summit - Socure and ForgeRock today announced a strategic partnership that enables companies to deliver a frictionless user experience for customers from initial onboarding through the complete lifecycle of their digital relationship with a brand. The combination of Socure’s AI-based risk scoring and ForgeRock’s comprehensive identity and access management platform enables businesses to make real-time digital identity verification, access and authorization decisions with unprecedented speed and accuracy.
The joint solution combines ForgeRock’s Identity Platform with Socure’s digital identity verification service for day zero customer on boarding and automated provisioning of all subsequent processes by ForgeRock. This powerful combination ensures that only fully verified users will be onboarded through the ForgeRock provisioning process with the highest accuracy available in the market. The ForgeRock-Socure integration significantly reduces fraud, manual reviews and streamlines onboarding during new account opening. It also makes it simple for joint customers to build advanced registration processes and ensure end-users have all the access they need instantly.
“Providing new customers a 100% digital, frictionless account opening experience, while meeting know-your-customer requirements and preventing fraud is simply not possible using traditional identity verification methods,” said Johnny Ayers, Co-Founder & SVP for Socure. “Our partnership with ForgeRock allows customers to convert new account applications without manual reviews and make authentication and identity management virtually transparent to end users.”
“The account registration process is the first impression you give a customer about what it is like to do business with you, you can hook them or lose them forever at that moment,” commented Ben Goodman, Vice President, Global Strategy and Innovation at ForgeRock. “Integration with innovative technology like Socure allows our customers to on-board their new users rapidly and securely in a way which minimizes abandonment and provides a delightful experience from the very beginning.”
The Socure ID+ platform combines artificial intelligence, unsupervised machine learning and clustering algorithms to learn customer identity from their digital footprints. By calculating risk and correlation scores, Socure ID+ empowers businesses to dramatically increase online transaction acceptance rates, as well as reduce manual reviews and fraud.
ForgeRock allows businesses to securely manage the complete identity lifecycle of people, services, and things. From identity to device registration, provisioning, social registration, progressive profiles, profile and privacy management, synchronization, reconciliation, and more.
About ForgeRock ForgeRock® is the Digital Identity Management company transforming the way organizations interact securely with customers, employees, devices, and things. Organizations adopt the ForgeRock Identity Platform™ as their digital identity system of record to monetize customer relationships, address stringent regulations for privacy and consent (GDPR, HIPAA, FCC privacy, etc.), and leverage the internet of things. ForgeRock serves hundreds of brands, including Morningstar, Vodafone, GEICO, TomTom, and Pearson, as well as governments such as Norway, New Zealand, and Belgium, among many others. Headquartered in San Francisco, California, ForgeRock has offices in Austin, London, Bristol, Grenoble, Munich, Paris, Oslo, Singapore, Sydney and Vancouver, Washington. ForgeRock is privately held, backed by leading global venture capital firms Accel Partners, Foundation Capital, Meritech Capital and KKR. For more information and free downloads, visit www.forgerock.com or follow ForgeRock on social media: Facebook | Twitter | LinkedIn
About Socure Socure is the leader in high-assurance digital identity verification. The company’s predictive analytics platform applies artificial intelligence and machine learning to trusted online/offline sources including email, phone, address, IP address, social media and traditional GLBA/DPPA data to authenticate identities in real-time. The Socure ID+ platform reduces fraud by up to 90 percent, lowers manual review/knowledge-based authentication (KBA) rates by as much as 80 percent, and automates Customer Identification Program (CIP), Know Your Customer (KYC) and anti-money laundering (AML) compliance initiatives. For more information visit www.socure.com.
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CONTACT: Marc Gendron
Marc Gendron PR for Socure
Dave De Jear
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PUB: 12/03/2018 09:01 AM/DISC: 12/03/2018 09:01 AM