Socure Acquires Berbix: Revolutionizing Identity Verification with Advanced Document Processing

Revolutionizing the ID Verification Landscape with Socure's Acquisition of Berbix

Socure is proud to announce its acquisition of Berbix, marking a transformative step in our mission to redefine identity document verification.

Berbix’s Journey

Founded in 2018 by seasoned members from rbnb Trust Safety team, Berbix was born with the vision to set new standards for online ID checks. They pioneered an advanced technology that combines a powerful forensics engine and an unparalleled data extract mechanism to process both -readable and -readable parts of IDs OCRs, MRZs, barcodes. This unique approach led to unmatched accuracy, a superb user experience, and the lowest false rejection rates in the industryall relying solely on provided documents and user selfies without resorting to external data sources.

Socure’s Integration

Socure, with its Document Verification solution launched in 2019, was already ahead of the curve. By integrating Berbix's innovative forensics technology into our platform, we've created a document verification product that not only boasts superior accuracy but also accelerates performance across all critical metrics including true accepts, true rejects, fraud detection capabilities, and processing speed.

Market Impact

Berbix serves over 100 customers across various sectors like fintech, marketplaces, crypto, micromobility, telehealth, gaming, employment services, and more. Our acquisition promises enhanced solutions for these industries with the addition of Socure's world-class capture experience and predictive fraud analytics capabilities.

Socure for Berbix Customers

Berbix users are already benefiting from improved performance metrics thanks to our integration. The new DocV 3.0 platform offers an advanced forensic analysis engine and enhanced data extraction processes, resulting in higher auto-acceptance rates, more precise fraud detection, and reduced transaction latency.

Transition for Berbix Users

Existing Berbix customers will soon have the opportunity to migrate smoothly onto Socure’s Document Verification DocV platform. Not only do they gn access to better performance, our Capture App with advanced functionalities, but also the robust identity graph that includes unparalleled data intelligence from eml, phone addresses, IPs, devices, velocity metrics, and more.

Innovation Continues

We're committed to delivering cutting-edge solutions in response to evolving market demands. As we integrate Berbix's technology into our ecosystem, Socure becomes a one-stop-shop for all your digital identity verification needs.

Stay Connected for Updates

Our team will be reaching out directly to existing Berbix customers with detls on how to transition seamlessly onto the enhanced platform offered by Socure. We're looking forward to revolutionizing the document verification space together!

effectively combines information about the acquisition, highlights of Berbix's capabilities and customer base, the integration benefits for both companies' users, and future promises while mntning a clear structure and consistent tone suitable for an audience familiar with the industry.

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