Case Study: Micro Investment Advisor Service Provider achieves 20% lift in auto-approvals while maintaining low fraud levels with Socure

Micro Investment Advisor Service Provider - Customer Case Study

Micro Investment Advisor Service Provider, a fast-growing digital micro-investment advisor opening as many as 100,000 new accounts per month, struggled to verify millennial applicants who often had thin or no credit files and were abandoning onboarding when asked for additional proof. After referrals from fraud-prevention peers, the firm selected Socure and its ID+ identity verification suite — including Sigma Fraud Score, Email Risk Score, Phone Risk Score, KYC Verification and AML Standard — to overcome the limitations of traditional credit-bureau checks.

Socure’s solution was deployed across onboarding to increase automated acceptances and reduce manual reviews; the customer reported about a 20% lift in auto-approvals while maintaining the same low fraud levels, saving significant manual review time and cutting application abandonment, which boosted user satisfaction. The Micro Investment Advisor Service Provider also cites Socure’s reliable, low-latency service and ongoing model improvements from shared feedback as key contributors to the measurable gains.