Socure partners with Public to launch investment service in the UK
By Gloria Methri
Digital 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.”
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