Prove is an authentication and identity expert, specialising in its award-winning Phone Intelligence technology. This tech replaces traditional identity verification processes such as static passwords, cumbersome security questions and long-winded SMS OTP with an alternative that is both easier to use and more secure for end users. prove is helping to guide institutions with their PSD2 SCA and 3-D Secure requirements.
Headquartered in the US, prove is rapidly expanding its reach into 20 other countries, starting with the UK. Prove’s digital identity authentication secures 500 banks, including 7 of the top 10 globally, and processed 200 billion transactions in 2019. The company secured $100 million in funding in 2020, which is being used to finance its ongoing global expansion and product enhancements.
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Main office address
20th Floor,
245 5th Avenue
New York
USA
10016
Key Products / Services / Sectors (USPs)
Prove has established a modern way of proving identity, mobile first. This is driven from a single OAuth API hosted within the UK in the cloud.
Within a zero knowledge GDPR compliant framework. Prove is providing both individual API driven solutions to tackle specific needs, as well as consolidating multiple API’s to provide full end-to-end solutions.
This is based on three principles
PRO –
Proving Possession, Reputation and Ownership.
Possession is determined through a number of options. Prove provide traditional methods such as SMS OTP and Voice OTP. However, they also have a game changing solution, mobile authentication. This provides a method of proving possession of the mobile without the requirement for visible OTP’s or usage of SMS. This provides a unique experience of removing the security challenges of SMS OTP’s whilst also creating the best possible customer experience for journeys such as onboarding and digital servicing.
Reputation is determined based on over 10 years of mobile intelligence. This is using at it’s heart, data attribute analysis to establish a trust score aligned with a mobile number. Taking in to consideration fraud vectors such as number porting and SIM Swapping.
Ownership is establishing the owner of the mobile in question. This is using established routes both within the mobile operator community as well as other strategic partners who support the Prove platform with insight. This enables Prove to provide KYC checking against a number.
Prove are supporting a multitude of use cases today:
Digital onboarding, improving accuracy and risk detection.
Seamless mobile app registration, removing all friction.
Inbound Call Centre risk reduction, determining spoofed numbers,
Digital servicing, such as password resets and account updates, supporting checks and balances made against the account
Services
Area of focus
Consumers
Internal services (enterprise)
Identity provisioning (IdP)
As-a-Platform
API
As-a-Service
Hub
On-board RPs
Offer translation of protocols
Handles federation
Attribute brokerage
Can capture self-asserted
Can verify self-asserted
Can integrate with third parties
Verification services/support
Supply verification
Utilise verification services
Authentication
MFA
Social
Biometrics
Mobile device
Data store functionality
Attribute storage
Attribute sharing
Configurable for specific sectors (e.g. health)
Account management for users
Yes
No
On request
Account recovery
Self-service
Help desk
Channel support
Omni-channel
Web
Mobile
Digital assistant
Other
Protocol support
SAML 2.0
OIDC
Oauth
UMA
Third party capability
External
Internal
Other
Other
Risk-based authentication
Anti-fraud support
Data minimisation support
Consent management
Variable registration (multi-user journey support)
Support for accessibility
Logging and audit
Billing system
User Journeys
Self-service
Offline options, incl. F2F
Upgrade paths to increase assurance levels over time
Creation of delegated accounts
Rules
To modify system behaviour
For risk-based authentication
To use events to drive transactions
To manage user journeys, including verification
To handle LOA upgrades/downgrades
API available
Yes
No
Supports eID
Yes
No
Clients
Partners
Transunion
Tsys
Main point of contact
Name: Keiron Dalton
Email: keiron.dalton@Prove.com
Phone: 07515124023