Docusign and CLEAR: A New Era in Digital Identity Verification
Docusign and CLEAR team up to revolutionize digital agreements with seamless, secure identity verification. Discover how this partnership sets a new standard...
Key Takeaways
- Docusign and CLEAR's partnership integrates biometric verification into digital agreements, enhancing security and user experience.
- The solution addresses the growing threat of identity fraud driven by generative AI, saving businesses millions annually.
- Risk-Based Verification dynamically tailors the verification process, balancing security and convenience.
- CLEAR's trusted platform and Docusign's Intelligent Agreement Management create a frictionless, secure experience.
Docusign and CLEAR: A New Era in Digital Identity Verification
The digital landscape is rapidly evolving, and the need for robust identity verification has never been more critical. Docusign, a leader in digital agreement management, and CLEAR, a pioneer in secure identity solutions, have joined forces to address the growing threat of identity fraud while ensuring a seamless user experience. This strategic partnership represents a significant leap forward in the world of digital agreements.
The Escalating Threat of Identity Fraud
Identity fraud is on the rise, driven by the proliferation of generative AI. According to Gartner, one in four candidate profiles worldwide will be fake by 2028. The financial toll on businesses is staggering, with average losses reaching millions of dollars annually. This reality underscores the urgency for secure and seamless identity verification solutions.
Docusign and CLEAR: A Powerful Alliance
Docusign and CLEAR's collaboration leverages CLEAR's B2B secure identity platform, CLEAR1, and its cutting-edge biometric verification technology. This integration ensures that businesses and consumers can complete digital agreements with speed, security, and ease. The partnership sets a new standard for identity verification, combining Docusign's industry-leading Intelligent Agreement Management platform with CLEAR's trusted and familiar biometric verification.
Key Features of the New Solution
- Seamless Integration: CLEAR members can verify their identity with just a selfie directly within the Docusign agreement experience. Non-members can create a free account in less than 90 seconds, ensuring a frictionless process.
- Risk-Based Verification: Docusign is introducing a new layer of security with Risk-Based Verification. This dynamic system tailors the verification process based on the user's risk profile, allowing low-risk users to move quickly through the process while applying additional security checks for higher-risk scenarios.
- Enhanced Security and User Experience: The solution addresses the long-standing challenge of balancing security and user convenience. By integrating CLEAR's biometric verification, Docusign ensures that businesses can maintain high security standards without compromising the user experience.
The Future of Identity Verification
The Docusign and CLEAR partnership is not just about addressing current challenges but also about shaping the future of identity verification. Projections suggest that businesses investing in advanced identity verification solutions can save an average of $8 million by reducing fraud. This partnership sets a new standard for identity in high-stakes digital workflows, strengthening trust and simplifying processes.
The Bottom Line
Docusign and CLEAR's innovative partnership marks a significant milestone in the digital agreement industry. By combining advanced biometric verification and dynamic risk assessment, they are creating a smarter, safer, and more efficient way for businesses and customers to manage digital agreements. This collaboration not only enhances security but also provides a seamless, user-friendly experience, setting a new benchmark for the future of identity verification.
Frequently Asked Questions
What is CLEAR1 and how does it work?
CLEAR1 is CLEAR's B2B secure identity platform that uses cutting-edge biometric verification technology to provide a simple and secure way for people to verify their identity. It integrates seamlessly with Docusign's agreement management platform.
How does Risk-Based Verification work?
Risk-Based Verification dynamically tailors the verification process based on the user's risk profile. Low-risk users can move quickly through the process, while higher-risk scenarios receive additional security checks.
What are the benefits of this partnership for businesses?
This partnership offers businesses enhanced security, reduced fraud, and a seamless user experience. It helps maintain trust and simplifies high-stakes digital workflows, saving businesses millions of dollars annually.
How can users verify their identity with CLEAR and Docusign?
CLEAR members can verify their identity with just a selfie within the Docusign agreement experience. Non-members can create a free account in less than 90 seconds, ensuring a frictionless process.
What is the expected impact on the digital agreement industry?
The partnership is expected to set a new standard for identity verification in digital agreements, enhancing security and user experience. It represents a significant step forward in the industry's evolution.
