LAS VEGAS, October 25, 2022 – Experian, the leading global information services company, and Prove Identity, Inc. (“Prove”), the leader in digital identity, today announced a global partnership to further financial inclusion across the globe through advanced identity verification technology. The partnership, which is now live, has two goals:
“At Prove, we believe that all consumers should have access to the digital economy, regardless of whether you already have a credit file or not,” said Rodger Desai, Co-Founder and Chief Executive Officer at Prove. “We’re proud to be partnering with Experian, which shares our vision for a more financially inclusive digital world. Together, we are giving more companies across the globe access to advanced identity technology, such as cryptographic authentication, that they can use to verify more consumers in a quick and secure manner.”
Prove is able to verify the identities of traditionally underbanked populations such as those with “thin” or no credit files. Prove’s identity verification and authentication solutions leverage something nearly every adult consumer has – a mobile phone – which helps businesses give more consumers access to services regardless of whether or not they have an existing financial history, further reducing consumer friction and bias.
As part of the partnership, Prove will integrate the following solutions (can vary by region) into Experian CrossCore, a digital identity and fraud risk mitigation platform that enables clients to connect, access, and orchestrate customer decisions and actions that leverage multiple data sources, verification and authentication capabilities, and advanced analytics.
The partnership will give Experian CrossCore customers access to these solutions, which may be integrated with Experian’s regional fraud and identity offerings.
“The rapid surge in demand for digital services and the growth of online accounts has accelerated the need for robust, real-time identity verification solutions with the broadest coverage and greatest inclusion,” said Marika Vilen, SVP of Global Identity & Fraud at Experian. “Integrating Prove’s industry-leading identity solutions with CrossCore and offering them as part of the CrossCore partner program strengthens our state-of-the-art cloud platform, identity verification, and fraud defense while also enabling our customers to verify more consumers.”
About Prove Identity, Inc. (“Prove”)
As the world moves to a mobile-first economy, businesses need to modernize how they acquire, engage with and enable consumers. Prove’s phone-centric identity tokenization and passive cryptographic authentication solutions reduce friction, enhance security and privacy across all digital channels, and accelerate revenues while reducing operating expenses and fraud losses. Over 1,000 enterprise customers use Prove’s platform to process 20 billion customer requests annually across industries, including banking, lending, healthcare, gaming, crypto, e-commerce, marketplaces, and payments. For the latest updates from Prove, follow us on LinkedIn.
Experian is the world’s leading global information services company. During life’s big moments – from buying a home or a car, to sending a child to college, to growing a business by connecting with new customers – we empower consumers and our clients to manage their data with confidence. We help individuals to take financial control and access financial services, businesses to make smarter decisions and thrive, lenders to lend more responsibly, and organizations to prevent identity fraud and crime.
We have 20,600 people operating across 43 countries and every day we’re investing in new technologies, talented people, and innovation to help all our clients maximize every opportunity. We are listed on the London Stock Exchange (EXPN) and are a constituent of the FTSE 100 Index.