Prove, the modern way of proving identity with just a phone number, announced today that it has integrated TransUnion’s TruValidate identity verification feature into its offering to launch a new, instant, digital identity solution in Hong Kong.
The launch into this new market continues Prove’s expansion of its Phone Identity Network into approximately 60 countries around the globe.
Benefit for Customers
Prove’s new solution will allow firms with a global footprint to extend their eKYC, identity verification, and authentication coverage to Hong Kong. With such high smartphone penetration, Hong Kong is a strategic addition to Prove’s Phone Identity Network, helping clients bring an easier and more secure identity verification experience to millions of customers.
The integration of TransUnion’s TruValidate® identity verification capability into Prove’s Hong Kong offering will help businesses confidently establish new accounts with customers in a digital world. The solution will help businesses better secure customer journeys and help stop fraud before it happens. With unique machine learning algorithms, Prove provides the essential technology to ensure that data is as accurate as possible.
Customers will also be able to access Prove’s unique Possession, Reputation, and Ownership (PRO)-based identity authentication capabilities, such as one-time passcodes, secure links, Trust Score™, behavioral biometrics, and push authentication, to orchestrate end-to-end identity and fraud solutions leveraging Phone-Centric Identity™. The expansion also complements Prove’s Multi-Factor Authentication capabilities already live in 195 countries worldwide.
Prove’s identity verification and PRO™ solutions can help clients across sectors such as financial, insurance, e-commerce and retail, healthcare, gaming, and cryptocurrency with use cases spanning:
- Screening account openings and onboarding customers- Securing sensitive transactions with step-up authentication measures- Verifying customer identity while reducing customer experience friction- Fulfilling PSD2 SCA, KYC, ..
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