Socure and Trustly Partner to Offer Industry-First Streamlined Onboarding and Open Banking Payments Process for Merchants and Fintechs

Key Facts

, /PRNewswire/ -- Socure, the leading provider of artificial intelligence for digital identity verification, sanction screening and fraud prevention, and Trustly, a leading global Open Banking payments provider, today announced an industry-first partnership to offer merchants and fintechs a streamlined onboarding and guaranteed Pay by Bank solution.
By combining Socure's accurate and inclusive identity verification and fraud prevention ID+ platform with Trustly's guaranteed Pay by Bank offering, merchants can onboard users and process payments in one integrated flow.
"This partnership enables Trustly to better serve our customers who can now provide a seamless onboarding and payment solution for their consumers and realize increased conversion," said Craig McDonald, Chief Business Development Officer at Trustly.
Socure is the only vertically integrated identity verification and fraud prevention platform with both IAL-2 and FedRAMP Moderate certifications, delivering advanced levels of assurance and the highest standards for security and compliance.