How does RiskNarrative compare to Socure Document Verification?

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The table below summarises some key information about RiskNarrative from LexisNexis Risk Solutions and Socure Document Verification from Socure, giving you some points to compare.

RiskNarrative Socure Document Verification
Product Use-cases
AML
AML
Product Description

RiskNarrative, offered by LexisNexis Risk Solutions, is a comprehensive decision-making platform designed to streamline customer onboarding and risk assessment processes. By analyzing customer data, the platform identifies risks associated with fraud, financial crime, and regulatory compliance in real-time.

The solution integrates seamlessly with internal systems, offering customizable workflows, automated decisioning, and actionable insights. RiskNarrative empowers businesses to enhance onboarding efficiency, mitigate risks, and maintain compliance while delivering an exceptional customer experience.

Socure Document Verification, known as Predictive DocV, is an automated service that expedites onboarding and reduces fraud by verifying government-issued IDs. It combines machine learning with computer vision to authenticate documents and match them with user-provided information, delivering auto-decisioning rates as high as 98% in seconds. This solution enhances security by detecting deepfakes, fake IDs, and fabricated identities.

Vendor LexisNexis Risk Solutions Socure
Vendor Awards
  • 🏆 Ranked - Strong Performer by Forrester (2024)
  • 🏆 Best Overall AI Company by AI Breakthrough Awards (2024)
  • 🏆 Named on RegTech100 by FinTechGlobal (2024)
  • 🏆 Financial Crime and Compliance50 2024 - Ranked 4 by Chartis (2024)
  • 🏆 RiskTech100 2024 - Ranked 13 by Chartis (2024)
  • 🏆 Best AI-based Solution for Fraud Prevention by AI Breakthrough Awards (2024)
Vendor Headquarters United States
Vendor Founded 1970
About the vendors

LexisNexis Risk Solutions is a global data and analytics company that provides information-based analytics, decision tools, and data management services to help organizations make informed decisions, stay compliant, reduce risk, and improve operations

Identity verification and fraud prevention

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