Why the Lack of a Financial Footprint is Locking
Millions out of the Modern Economy
Millions of Americans, particularly Gen Z and new-to-country individuals, are locked out of the financial system due to a lack of digital footprints. This report by Socure explores the challenges they face, the economic impact of their exclusion, and how innovative identity verification solutions can bridge the gap.
In this report, you will explore:
The rise of “Digital Ghosts” and the demographics most affected.
How an outdated identity verification system creates barriers for Gen Z and new-to-country individuals.
The hidden costs of financial exclusion for individuals and the U.S. economy.
Strategies for building inclusive financial products and services.
How Socure’s identity verification solutions empower participation in the modern economy.
Download the report
About Socure
Socure is the leading platform for digital identity verification and trust. Its predictive analytics platform applies artificial intelligence and machine learning techniques with trusted online/offline data intelligence from physical government-issued documents, as well as email, phone, address, IP, device, velocity, date of birth, SSN, and the broader internet to verify identities in real-time. Socure serves more than 2,000 customers across various industries, including four of the top five banks, 13 of the top 15 card issuers, and over 250 of the largest fintechs.
