Proof\u2019s ID verification feature. Image Credits:<\/strong> Notarize<\/p>\n<\/div>\n

Proof monitors fraud signals with a risk score based on data like location, device fingerprint, carrier network and prior rejections. All of its transactions are protected with encryption and are NIST IAL-2 compliant, and will be AATL compliant later this year. NIST is the National Institute for Science and Technology and it publishes standards used by government agencies and industries. For example, the National Highway Transportation Administration requires an IAL2 standard for electronic auto sales, which means consumers must provide a combination of identity evidence.<\/p>\n

AATL, meanwhile, is the Adobe Approved Trust List, which dictates how PDF documents are cryptographically signed. Kinsel said that by meeting this, Proof will the first platform whose documents are tied to a valid legal identity in accordance with Adobe\u2019s standards. \u201cOur 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,\u201d he added.<\/p>\n

If a signer fails to pass Proof\u2019s digital safeguard for automated verification, they will be matched with one of Notarize\u2019s more than 4,000 notaries to complete the document and transaction.<\/p>\n

Kinsel told TechCrunch that Proof\u2019s ability to confirm identity and flag risk leverages Notarize\u2019s innovation in identity verification, including its ability to verify photo IDs like driver licenses and passports, present identity challenge questions, perform biometric selfie verification and confirm data attributes from information like consumer addresses and phone numbers. \u201cWhen we swipe a credit card we know it\u2019s being protected with active fraud monitoring and Proof will deliver the same for the agreements we enter,\u201d he said.<\/p>\n

Some examples of how Proof can be used include securing the seller in a real estate transaction, who don\u2019t require notarization but are still at risk with only a basic e-signature, Kinsel said. Proof is also being used by the retirement industry to protect large withdrawals from fraud, and in the auto industry to notarize forms in some states and meet IAL2 standards elsewhere.<\/p>\n

Since its launch in 2015, Notarize has been adopted by 2,200 companies, including First American, iPostal, Guaranteed Rate, Salesforce, SimpleNexus, SnapDocs, USAA and Zillow. Notarize says that almost 80% of those transactions were identity affirmations, as e-signatures are becoming increasing targets for fraud as online agreements become more common. Proof was created to expand Notarize\u2019s services beyond notarization and create verifications of consumer identity with each transaction that it says are impossible to forge.<\/p>\n