Suggestions
Nate Soffio
Co-founder/ CEO at Portabl
Nate Soffio is a Fintech professional with a focus on Identity and Financial Inclusion. Currently pursuing his MBA at The Wharton School, Nate has a background in Linguistic Anthropology from Yale University. Over the years, he has been actively involved in various roles across different organizations, showcasing his expertise and leadership skills in the field.
Highlights
🎉 This is easily our biggest set of announcements ever 🎉
Say hello to Portabl Verify, Portabl Accounts, and Portabl Network.
We moved around some of our functionality and reshaped our pricing to make it even easier for infrastructure providers and developers to flexibly tap into our reusable identity platform to build trust networks, powerful and instant #KYC with integrated open banking, or integrating our risk and network alerting.
🆔 Portabl Verify: Verify users up and down the assurance scale and analyze risk in seconds. Today we have ID coverage for over 230M IDs in the US & Canada, plus supplementary ID verification in 180 countries and counting. Access a powerful set of over 300 risk signals and scoring mechanics covering device, behavior, session, documents, network cross links and duplicates, PEPs, sanctions, and more.
🏦 Portabl Accounts: You’ll remember that we took part in the #Mastercard Start Path #openbanking program some months back. Today, we’re building on that momentum to make open banking connectivity, account linking, and bank-based ID portable. Hook into highly-available tokenized access covering over 95% of US consumer deposit accounts today to cross-link accounts to trusted, known users and simplify account validation through biometric ACH binding in place of redirects.
🌐 Portabl Network: Unified rails for building portable identity and real-time fraud alerting into your existing ecosystems—build and access a positive and negative network in the same integration. The cryptography we use to make it fast, easy, and simple to spot “real” data owners on our network also powers protections against stolen, synthetic, and unauthorized data use and real-time network alerting. The positive/negative network combo approach overcomes the speed and governance challenges of traditional consortium models.
One Bank Secrecy Act (BSA) officer: “This is like ChexSystems for fintech in real time"
📣 We're running with that observation and opening the beta for our fraud alerting network. Any business that touches money has valuable fraud data to share with one another — why not do it in a way that also shores up the integrity of the good users?
We’re excited by what we have live today and what's coming soon. This is what the future of blocking bad actors and making it impossible for them to use (or re-use) data that's not rightfully theirs should look like.
Interested in joining the network or building a closed-loop one of your own? Reach out at [email protected]
For more on the release: https://lnkd.in/ejmjY7_f
New York Fintech Week is right around the corner, and I'm thrilled to be taking part in the action.
I'll be chatting with Frances Zelazny, Lee Taylor, Aditi Jaiswal and Linda Xu on the future of #identityverification and what we need to consider as AI-powered deepfakes are more convincing than ever.
Drop into the Empire Startups Fintech Conference on Wednesday, April 10th, at 1:20 pm (Stage 2). See you there!
#empirestartups #EmpireFinTech #NYFinTechWeek #fintechrevolution #fintechconference #deepfakes
