Q2 Open selects Socures next gen digital identity verification

Wednesday 25 September 2019 10:05 CET | News

Q2 Holdings, a provider of digital solutions for banking and lending, has teamed up with Socure to deliver digital identity verification and fraud protection to its customers.

The functionalities are delivered through Q2 Open’s CorePro, an agile, cloud-based core processor and system of record. The platform supports digital solutions such as demand deposit accounts, debit accounts and direct banking. According to a survey published by Q2 and Cornerstone Advisors, 43% of respondents listed ‘easy account setup’ as a top reason to adopt fintech solutions, according to the official press release.

With Socure, CorePro will help banks and fintechs with identity verification decisions to create a streamlined financial experience for a broader base of customers. Socure uses a combination of online and offline data to create a complete footprint of a consumers digital identity. Moreover, the company offers AI-based Know Your Customer (KYC) identity risk scoring for digital onboarding processes for banks.

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Keywords: Q2 Holdings, KYC, identity verification, digital identity, Socure, banking, fintech, lending, AI, account opening, partnership, US
Countries: World