Prove and Experian’s New Partnership Generates Buzz at the Singapore FinTech Festival
In early November, Prove’s Head of India and Vice President Amit Goel spoke about an exciting new partnership between Prove and Experian at the 2022 Singapore FinTech Festival (SFF). The overarching intention behind this innovative partnership is to advance global financial inclusion through next-generation identity verification technology. Read more about the partnership here.
The announcement generated significant buzz at SFF, which attracts over 60,000 participants who travel from around the world to listen to over 850 renowned speakers and visit over 500 exhibitors.
During his speaking engagement at the conference, Amit took a moment to discuss the new partnership between Experian, the leading global information services company, and Prove, the leader in digital identity. The intended outcomes of this partnership are twofold:
- To enable companies to extend their financial services to more consumers, including traditionally underbanked populations such as consumers who might not already have a credit file or substantive data history, while also mitigating digital fraud such as synthetic identity fraud.
- To create wider access to faster, easier, and more secure experiences for more consumers. Traditionally, underbanked populations have had to default to “slow lane” digital experiences. Prove and Experian’s new partnership will extend “fast lane” digital experiences to more consumers.
Financial inclusion continues to be a guiding principle of Prove. “At Prove, we believe that all consumers should have access to the digital economy, regardless of whether you already have a credit file or not,” said Rodger Desai, Co-Founder and Chief Executive Officer at Prove. “We’re proud to be partnering with Experian, which shares our vision for a more financially inclusive digital world. Together, we are giving more companies across the globe access to advanced identity technology, such as cryptographic authentication, that they can use to verify more consumers in a quick and secure manner.”
Keep reading
Discover how recycled phone numbers enable bad actors to exploit vulnerabilities and how Prove’s multi-layered approach analyzes phone reputation, verifies ownership, and identifies primary numbers to fight back.
AirKey revolutionizes identity verification by using NFC technology to tokenize payment credentials to a person's physical device, making it a powerful new defense against AI-driven fraud and account takeovers.
The Supreme Court's ruling on Texas's age verification law creates a new reality for digital identities, balancing the need to protect minors with concerns for free speech and privacy.
