Socure announced the company will provide identity verification services for remote onboarding for individuals accessing decentralized IDs as part of the new Microsoft Azure Active Directory (Azure AD) verifiable credentials feature in public preview.
Once verified, these credentials can be used to prove an identity across different organizations to accelerate onboarding of users and enable a more trustworthy credential recovery experience.
Socure’s support of the feature aligns with the company’s mission to eliminate identity fraud and ensure 100% trust on the internet along with serving new verticals including HR, payroll, and employment verification for remote onboarding.
A myriad of apps and services require the online submission of sensitive identity information, leaving consumers vulnerable to data breaches and financial loss.
Microsoft is working to solve this problem with a new paradigm for identity sharing based on an open standard using decentralized IDs.
The result is an ecosystem for issuing standards-based digitally verifiable credentials, stored within an encrypted digital hub and accessed via an individual’s digital wallet. An individual only needs to verify their information once in order to receive a credential they can use anywhere.
“We are incredibly excited to collaborate with Microsoft. As the world moves toward increasingly virtual and distributed workplaces and teams, Microsoft Azure Active Directory verifiable credentials marks a major milestone toward safely verifying and onboarding new employees,” said Johnny Ayers, CEO and Founder of Socure.
“Both teams are committed to mutually aligning toward this goal as it represents important progress toward verifying every good identity in real-time while reducing friction.”
Socure has col ..