Digital identity verification company Socure has received an undisclosed amount in a strategic investment from the bank's Santander InnoVentures unit.
Santander InnoVentures, the fintech investment subsidiary of financial services firm Santander, has invested an undisclosed sum in US-based digital identity verification startup Socure.
Socure’s technology analyses an online consumer’s digital footprint to verify their identity in real time. The software is used by the banking industry when approving new bank accounts or issuing cards, but is also suitable for making sure fraud prevention and compliance regulations are met.
Mariano Belinky, managing partner of Santander InnoVentures, said: “Identity verification is a…
