back Back

Socure partners with Public to launch investment service in the UK

By Gloria Methri

September 15, 2023

  • Digital Identity Verification
  • DocV 3.0
  • eKYC
Share

Digital Identity Verification, Socure, Public, Multi-Asset Investment, eKYC, DocV 3.0, Fraud, Frictionless Onboarding, UKDigital identity verification and fraud solutions provider Socure has partnered with Public, a New York-based multi-asset investment platform, on its recent launch in the United Kingdom.

Public members in the UK can now invest in over 5,000 U.S-listed equities, benefit from low FX fees, zero-commission trading during U.S. market hours, and advanced data and analytics.

As part of this expansion, Socure provides accurate and inclusive identity verification at account opening for Public’s UK members.

“A positive customer experience – and a safe, smooth onboarding process – is central to Public’s vision of making the public markets for all people,” said Dann Bibas, GM of International at Public.

Powering the frictionless onboarding experience is Socure’s eKYC solution that delivers fast, accurate identity verification experiences that are essential to acquiring new customers and establishing trust when a Public member begins the account opening process.

In higher-risk scenarios, part of that onboarding process may require additional validation, where Socure’s Predictive DocV 3.0 provides step-up verification to validate the legitimacy of a government-issued ID.

“Every new market comes with its own sets of opportunities and challenges, and the U.K. is no different,” said Bibas. “We think U.K. customers want to invest in U.S. stocks with fewer costs and more tools at their fingertips. As we grow into new markets, we look forward to learning from our customers and improving Public’s offering accordingly.”

Expanding into the U.K. Public’s partnership with Socure allowed the US-based FinTech to scale into new geographies with an existing partner, minimizing the number of third parties it worked with and building off the strength of a multi-year partnership in the U.S.

Johnny Ayers, founder and CEO of Socure said, “Our entire team is humbled to execute our part in supporting Public’s growth and its core mission. As longtime partners in promoting inclusion in the financial system, we look forward to continuing to support the team as they drive equitable access to investing.”

Previous Article

September 15, 2023

Paymentology and Nelo partner to expand in-person payments in Mexico

Read More
Next Article

September 15, 2023

Nomura Trust chooses nCino to implement cloud-based functionality

Read More






IBSi Daily News Analysis

cybersecurity,

June 20, 2024

Digital Identity Verification

Why predictive AI is a critical necessity in the field of cybersecurity

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

June 20, 2024

GSB partners with cash deposit platform Flagstone International

Read More

June 20, 2024

Revolut partners GTN to bring bond trading to EEA customers

Read More

June 19, 2024

Aspen Digital gets approval for financial services operations in the Middle East

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023