XConnect, the renowned provider of cutting-edge numbering intelligence solutions under the Somos Company umbrella, has sealed a strategic alliance with Sekura.id, a prominent global player specializing in mobile identity data. This groundbreaking partnership aims to fortify the defense against digital identity fraud, benefitting global banks, fintech trailblazers, and e-commerce giants. Sekura.id's real-time customer insights sourced directly from mobile network operators (MNOs) will empower XConnect's aggregator and telco clientele to offer seamless, compliant mobile ID verification and authentication through a single, user-friendly API connection.
In today's fast-evolving landscape, verifying a user's digital identity poses an escalating challenge for the banking and fintech sector. As mobile technology continues to advance, it simultaneously introduces novel vulnerabilities for these industries. According to Tim Ward, VP Number Information Services at XConnect, "We need to ensure we have the right technology solutions in place to effectively remove risk. By leveraging Sekura.id's MNO APIs, we are strengthening our anti-fraud proposition and protecting enterprises from identity theft."
Through this collaboration, XConnect gains access to live mobile data, extending its reach across six continents. Customers of XConnect will enjoy the benefits of Sekura.id's top-notch mobile identity solutions, augmented by the pre-validation of phone numbers using XConnect's comprehensive global datasets.
Sekura.id, with coverage spanning 2.5 billion individuals across 75 connected operators worldwide, stands as a trusted provider of secure and easily integrated ID verification, anti-fraud, and online authentication solutions. The company's low-latency, real-time mobile intelligence APIs seamlessly integrate with partners' existing services, offering a robust defense against the evolving fraud ecosystem.
Mark Harvey, CEO at Sekura.id, highlighted the significance of their partnership with XConnect, stating, "Our partnership with XConnect is enabling us to lead the fight against digital identity fraud. Through our low-latency, real-time mobile intelligence APIs, we are helping telcos with fintech and tier-1 banking customers build seamless anti-fraud and account takeover protection to overcome growing risks."
XConnect is firmly committed to collaborating with industry peers to enhance its anti-fraud capabilities for MNOs, business messaging hubs, aggregators, carriers, and interconnect providers. The partnership with Sekura.id further bolsters its product portfolio, empowering customers to tackle intricate identification and verification (ID&V) challenges head-on.
In this era of ever-evolving digital threats, the XConnect and Sekura.id partnership marks a significant stride toward fortifying the defenses of the banking, fintech, and e-commerce sectors. Together, they are pioneering innovative solutions to protect the digital identities of millions across the globe, ensuring a safer and more secure digital future for all.