Notarize Launches Proof: A Digital Identity Verification Platform
A New Era in Online Transactions: Introducing Proof
In a significant move to enhance online security, Notarize, the world’s largest online notary network, is launching Proof, a new company and platform for digital identity verifications. As of August, Notarize’s business tools will be rebranded to Proof, marking a name change for the company as well. Notarize will continue to serve its online notary network, which has been adopted by prominent companies like Adobe and FedEx. The two brands and platforms will coexist, with Proof positioned to revolutionize digital identity verification in enterprise settings.
What Drives the Need for Proof
The rise of online transactions has created a pressing need for robust identity verification systems. Proof is an enterprise-grade platform designed specifically for large banks, real estate companies, and other industries that require high-security measures for sensitive transactions. It leverages Notarize’s innovation in identity verification to provide a secure environment for agreements, ensuring that every transaction is protected against fraud.
The Core Features of Proof
Proof offers advanced features that address the gaps in online identity verification:
- Biometric Tech: Verifies identities using biometric technology, such as matching selfies with ID photos.
- 24/7 Human Verification: Conducts human-assisted verification to confirm signatures and identities.
- Signature Verification: Ensures that signers are who they claim to be.
Enhanced Security Measures
Proof also includes:
- Fraud Risk Monitoring: Flags potential fraud risks based on data like location, device fingerprint, carrier network, and prior rejections.
- Encryption: Protects all transactions with robust encryption methods.
- NIST IAL-2 Compliance: Meets the National Institute for Science and Technology’s standards for electronic transaction security.
The Adobe Connection
Proof will be AATL compliant later this year, ensuring that its documents meet Adobe’s high standards. According to Kinsel, "Our vision is that everything should be cryptographically signed with identity, and Acrobat is the trusted reader to instantly confirm the authenticity of every action online."
A Seamless Integration with Notarize
While Proof will serve as a distinct platform for digital identity verification, it will retain all the core components of Notarize’s online notary service. If a signer fails to pass Proof’s automated verification, they will be matched with one of Notarize’s 4,000+ notaries to complete the document and transaction.
Use Cases for Proof
Proof can be applied in various industries, including:
- Real Estate: Securely completes real estate transactions by verifying identities and confirming signatures.
- Retirement Industry: Protects large withdrawals from fraud.
- Auto Industry: Notarizes forms in some states and meets IAL2 standards elsewhere.
A Strong Foundation
Since its inception, Notarize has established itself as a leading provider of online notary services. The launch of Proof marks a significant expansion of their offerings, solidifying their position in the market.
Conclusion
The introduction of Proof by Notarize represents a major leap forward in digital identity verification. With its robust features and commitment to security, it is poised to revolutionize the way businesses conduct online transactions.
As the digital landscape continues to evolve, companies that prioritize security and trust will thrive. Proof embodies this vision, providing an unparalleled level of protection for agreements and ensuring that every transaction is secure, reliable, and trustworthy.
