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The Green Sheet Online Edition

September 25, 2023 • Issue 23:09:02

New Products

Protect online docs from forgery with digital ID verification

Online notarization provider Notarize launched Proof, a new brand identity and solution designed to deliver complete digital identity verification. The company established Proof to expand beyond notarization to offer "instant trust," in the form of a record that is difficult to forge that verifies and locks a consumer's identity within each transaction.

Pat Kinsel, founder and CEO of Notarize, stated that businesses have moved online to serve customers, and Proof bridges gaps in digital document infrastructure.

"Since our inception, we've fiercely advocated for remote online notarization legislation, helped pass state regulations in 43 states to adopt online notarization, and set the standard for legally signing documents online from anywhere," he said. "But identity infrastructure is still lacking and trust online is broken; e-signatures need more rigor to better prove every signer is who they say they are."

Proof delivers instant trust with technology that locks a signer's identity to a particular transaction to shut down digital fraud before it happens, Kinsel added.

Block digital forgery

Describing Proof as a single, enterprise-grade platform designed to secure any type of digital agreement, Kinsel noted the platform maintains the core components of online notarization: signer details, video interaction with a notary, tamper-proof signatures, comprehensive audit trail, and a record of the credential and biometric used for the transaction.

Proof's core notarization and verification technology can be applied to signatures and customer interactions, he stated, citing the following auditable characteristics:

  • NIST IAL2 Verification: Identity verification that will be certified for NIST IAL2 security. An auditable identification process that verifies ID documents alongside a biometric which can be escalated for a human to review when trust is at risk.
  • Enhanced Signer Identification: Proof provides evidence about identity, not just the transaction, by including data about identification history, location, IP address and device fingerprint.
  • Notarize Network: A network of online notaries, available 24/7, offers online notarization or identity verification on demand, providing human review when a NIST IAL process requires it.
  • Tamper-proof signatures: Agreements are cryptographically signed to make signatures self-verifying and unalterable.

Dynamic verification technology

According to the company, Proof has completed many of the world's first digital commerce transactions, including the first online real estate closing, online mortgage closing, online auto sale, and online will. Proof also noted that it saves an average of 14 days per transaction and has helped over 2,200 companies reduce the total cost of notarization by 58 percent across financial services, real estate, automotive, health, and consumer industries, including First American, iPostal, Transamerica, Guaranteed Rate, Lennar, Anywhere, USAA, TIAA, Vroom and Zillow.

Paul Hurst, chief innovation officer at First American, stated that the real estate industry is constantly looking for ways to make buying and selling simple, transparent and secure.

"At First American our customers trust us to facilitate and protect what is often the largest transaction of their lives, buying and selling their home," he said. "With Proof, First American gains enhanced identity validation for transaction participants, providing a new standard for trust and certainty in the signed documents we rely on to close real estate transactions."

As a trusted identity verification platform for important business transactions, Proof locks user identity with transaction data in a secure, enforceable format, providing an indisputable record of each transaction, company representatives pointed out.

Proof additionally noted that it offers dynamic verification technology and a comprehensive Notarize Network with experienced human operators, combining machine and human intelligence to provide businesses with end-to-end document security. end of article

Website: www.proof.com Contact: marketing@notarize.com

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