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Exeter Finance Selects Socure to Power its Identity Verification Services for Onboarding New Customers
Socure, the leading provider of artificial intelligence for digital identity verification, sanction screening, and fraud prevention, today announced that Exeter Finance LLC, a leading indirect auto finance company, has chosen the Socure ID+ platform for onboarding its new customers.
In a strategic move to stay at the forefront of industry innovation, Exeter recognizes the pivotal role that accurate identity verification plays in reducing risk, supporting strong portfolio performance and ensuring an excellent customer experience for authentic identities.
“We’re thrilled about the opportunity to make our customer onboarding process even more robust as we embark on this new partnership with Socure,” said Exeter’s Executive Vice President of Originations, Tony Kutiper. “It’s imperative now more than ever to continue to enhance our verification safeguards and increase our vigilance wherever we can as the abilities of AI continue to expand.”
Socure’s ID+ platform leads the market standard for its accuracy in identity verification and proofing, KYC, fraud risk prediction, document verification, and bank account ownership validation. Delivered through a single API, the platform helps the largest financial institutions and over 400 fintechs orchestrate the entire user lifecycle, starting at onboarding and beyond. Socure’s proprietary identity graph includes more than two billion known good and bad identities. Socure’s identity graph, in combination with advanced machine learning and artificial intelligence, are responsible for automatically verifying users, as well as the association, velocity and risk of relevant attributes including devices, emails, addresses, IDs, documents, and more.
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