News

Veriff partners Sonosuite to enhance music industry security

Wednesday 22 May 2024 14:42 CET | News

Veriff, a global identity verification provider, has announced a partnership with Sonosuite, a white-label SaaS digital technology provider for the music industry.

 

This collaboration will integrate Veriff’s identity verification technology into SonoSuite’s platform, aiming to reduce the risk of identity fraud and enhance the security of music assets for SonoSuite’s label and distributor clients.

The music industry has been experiencing a 20% increase in fraudulent activities compared to the previous year, with financially driven fraud accounting for 80% of these incidents. This rise in fraud has led to significant revenue losses. By integrating Veriff’s technology, SonoSuite aims to help its customers prevent fraudulent content distribution and other illicit activities within the independent music sector.


 

The rise of sophisticated AI-powered fraud techniques has posed challenges to the credibility and security of the customer experience in the music industry. Veriff’s technology is designed to streamline the identity verification process and block fraudsters before they can cause harm.

SonoSuite, based in Barcelona, Spain, provides catalog distribution and royalty collection technology to various music businesses, connecting them with leading digital music services globally. The company has a team of over 50 people across Europe, the United States, and Latin America.

Veriff offers an identity verification platform that combines AI-powered automation with human feedback and expertise. It supports a wide range of identity documents from over 230 countries and territories, helping organizations verify and protect users worldwide.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: SaaS, fraud management, digitalisation, artificial intelligence
Categories: Fraud & Financial Crime
Companies:
Countries: Spain
This article is part of category

Fraud & Financial Crime