TrustRadius

Equifax Credit Risk vs. Socure

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Equifax Credit Risk
Score 7.3 out of 10
N/A
Equifax Credit Risk Insight helps lenders build models help monitor delinquency, default, loss severity and mortgage borrower credit health trends at the loan level, across zip codes, vintages and market segments.N/A
Socure
Score 8.8 out of 10
N/A
Socure is an AI-powered identity verification system designed to help financial services companies prevent identity fraud losses and remain compliant. The system is comprised of ID+, the identity verification mechanism, a KYC (Know Your Customers) Compliance add-on, which uses additional personally identifiable information to authenticate users, and Watchlist products to check international sanctions and enforcement lists for AML (Anti-Money Laundering) compliance.N/A
Pricing
Equifax Credit RiskSocure
Editions & Modules
No answers on this topic
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Offerings
Pricing Offerings
Equifax Credit RiskSocure
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoYes
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details——
More Pricing Information
Community Pulse
Equifax Credit RiskSocure
Best Alternatives
Equifax Credit RiskSocure
Small Businesses

No answers on this topic

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Medium-sized Companies
FloQast
FloQast
Score 9.1 out of 10

No answers on this topic

Enterprises
FloQast
FloQast
Score 9.1 out of 10

No answers on this topic

All AlternativesView all alternativesView all alternatives
User Ratings
Equifax Credit RiskSocure
Likelihood to Recommend
7.0
(1 ratings)
-
(0 ratings)
User Testimonials
Equifax Credit RiskSocure
Likelihood to Recommend
Equifax
Equifax Credit Risk is great for getting consumer credit reports online, pre-filled business reports online, and sometimes searching for corporate reports online. Equifax Credit Risk is not suitable for cases where the customer provides the credit application requesting to update banking and business reference information.
Verified User
Anonymous
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Socure
No answers on this topic
Pros
Equifax
  • credit scores for applicants
  • pre loaded reports online anytime
  • consumer reports online anytime
  • credit monitoring alerts
Verified User
Anonymous
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Socure
No answers on this topic
Cons
Equifax
  • Searching for credit and banking references in specific cases is a difficult process
  • Communication channels for giving feedback are not easy to use
  • After filing our complaint, at some point we did not receive a timely and adequate response.
Verified User
Anonymous
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Socure
No answers on this topic
Alternatives Considered
Equifax
Equifax Credit Risk has a quick platform that is constantly evolving with the objective of benefiting the direct client, reducing response time to the end client. I like that its platform is easy to use and very intuitive. It is very secure because it uses different confirmation methods to log in with your users each time they need to log in.
Verified User
Anonymous
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Socure
No answers on this topic
Return on Investment
Equifax
  • With Equifax Credit Risk we can evaluate the Credit solvency of applicant to get a open credit with us
  • With Equifax Credit Risk we reduce the risk of setting an incorrect credit limit
  • With Equifax Credit Risk we reduce the response time of a credit investigation process
Verified User
Anonymous
Read full review
Socure
No answers on this topic
ScreenShots

Socure Screenshots

Screenshot of the Predictive DocV end-to-end suite of fraud and identity solutions. Socure verifies digital identity and predicts fraud throughout the digital customer lifecycle to reduce fraud losses without compromising customer experience. With its capture experience, forensic engine, and data extraction, Predictive Document Verification (DocV) approves more good customers while eliminating bad actors in real time.Screenshot of the Capture App, which provides a guided user experience, correcting for blur, glare, and low light situations, with accessibility features to verbalize guidance for visually impaired users. Enhanced facial biometrics with NIST PAD Level 2 certification for liveness detection stops spoofing attacks. Lightweight mobile SDKs are available for iOS, Android, and React Native, while the Web SDK can be integrated through a browser-based widget that initiates requests via a unique link, QR code scan, or from a CRMScreenshot of Predictive DocV's response time, which is under 2 seconds without compromising on integrity. Predictive DocV reduces bias by training its system on robust data.Screenshot of the population coverage of Socure’s KYC solution, designed to optimize the acquisition of hard-to-identify segments, including Gen-Z, millennials, credit-invisible, thin-file, new-to-country to achieve frictionless auto-approvals for all populations.