*Pass Rate is defined as the % of consumers who successfully completed the Pre-Fill end-to-end
experience over the total number of consumers who initiated the process.
Bad actors self-select out
(<0.03% fraud with Pre-Fill)
Prevents six most prevalent fraud vectors including: Synthetic Identity and True Name Fraud
Trust Score measures real-time behavioral risk and maintains identity reputation history
Highly accurate identities from our Prove Identity Network (PIN) are checked against all major global sanctions and PEP screens for comprehensive AML/KYC compliance.
"We've integrated Prove Pre-Fill®, and it's a phenomenal solution that drives real results. It not only increases the completion rate and helps you increase sales, but it really does all the fraud work in the background, so it doesn't impact the customer experience, AND we saw a significant decrease in the fraud rate. We've had amazing results."
“Fraud prevention professionals are often challenged with the level of friction that their risk controls inject into the end-to-end customer life cycle. Prove’s Pre-Fill® solution is well-positioned to address these challenges with its ability to both authenticate individuals and markedly reduce friction through its auto-fill capabilities.”
Leading Healthcare System wanted to improve the registration process for their ‘digital front door’ (i.e. patient portal, health plan member portal, and other digital properties used by the large health system), specifically their virtual ID proofing process. The current patient experience was arduous given all the data entry required.
Prior to Prove, Tier 1 Issuer’s customers had to manually enter all personal data during card applications which added process friction and led to high abandonment rates. Tier 1 Issuer wanted a solution that would allow customers to have a seamless application and servicing experience while decreasing abandonment rates and stopping bad actors.
This leading firm struggled with balancing a smooth sign-up process while ensuring critical identity verification and onboarding checks. They wanted to find a solution that could improve their onboarding process abandonment rates while ensuring that they were still compliant with consumer due diligence and regulations.
Possession, Reputation, Ownership: 3 unique checks that detect and deter the most aggressive types of fraud including:
Synthetic Identity, Account Takeover (via SIM Swap), True Name, First-Party
John is physically holding
Phone numbers are bound to mobile phones with 128-bit encryption, allowing Prove to authenticate Possession.
The phone number has 10 years of real-time behavior
Phone numbers have Reputation, allowing Prove to assess risk
in real time.
The phone number is owned and operated by John
99% of consumers have a personal phone number, allowing Prove to verify identity via Ownership.
How to Tackle Synthetic Identity Fraud Using Phone-Centric Identity™
As online identity theft increases in number, enterprises are now faced with varying types of identity theft to deal with. Read how Phone-Centric Identity can play a crucial role in fighting this fraud by analyzing three crucial three factors.
5 Critical Checks Crypto Exchanges Should Employ to Prevent Fraud and Accelerate Onboarding
How can these 5 critical checks address the two main barriers preventing crypto exchanges from going mainstream?
Securing Crypto Businesses Using Trust Score™
By using Trust Score, crypto companies can shrink the trust gap in the industry fueled by increasing incidence of scam, fraud, and cyber attacks.
How Phone-Centric Identity™ Is Critical to Securing Cryptocurrency’s Bright Future
Leading crypto companies are turning to phone-centric technology already embraced by banks to become leaders in this fast-evolving industry.
Ready to supercharge your consumer onboarding and verification?