Socure, a leader in digital identity verification, and Markaaz, a global business identity platform, have announced a strategic partnership to eliminate friction from global small and medium business (SMB) onboarding. By unifying business and identity verification into a single, automated workflow, the collaboration addresses a critical enterprise compliance gap: the need to accurately verify Ultimate Beneficial Owners (UBOs) while gaining deep business analytics, especially for SMBs with limited financial histories.
Quick Intel
Socure and Markaaz partner to unify business and identity verification for SMBs.
The solution targets the challenge of onboarding SMBs with thin-file histories.
It combines KYB, UBO checks, and business health intelligence in one workflow.
Enterprises can automate over 80% of verification decisions, reducing manual reviews.
The partnership enables a single, configurable onboarding program for global markets.
It is designed to increase conversion rates and ensure audit-ready compliance.
Solving the Global SMB Verification Challenge
SMBs are inherently difficult to verify due to thin-file UBOs, fragmented data, and inconsistent records across different geographies. The partnership directly addresses this by integrating Markaaz’s firmographic, compliance, and business health intelligence directly into Socure’s RiskOS™ orchestration platform. This allows enterprises to manage Know Your Business (KYB) and UBO verification in a single, automated workflow that scales across all markets without requiring disparate regional solutions.
Key Benefits and Automated Efficiency
The integrated solution offers significant customer benefits, including the unification of KYB and UBO checks to reduce friction and manual reviews. It enriches data on thin-file SMBs to improve match rates and enables automated policy decisions. Enterprises can configure verification by region and automate over 80% of decisions, dramatically accelerating time-to-decision and reducing operational workload. Johnny Ayers, Founder and CEO of Socure, stated, “By bringing Markaaz’s global business intelligence into RiskOS, we’re giving enterprises the ability to instantly connect business and identity verification in one trusted workflow. It’s a fundamental shift; turning SMB onboarding from a fragmented, manual process into a single, automated decision framework that scales across markets.”
Industry Recognition and Strategic Impact
Both companies were recently recognized as top leaders in the KYB space. The partnership is seen as a response to the market's shift toward unified, cross-border verification. Will Charnley, Chief Operating Officer of Liminal, noted, “By combining Markaaz's comprehensive SMB intelligence with Socure's RiskOS platform, they’re solving one of the most persistent challenges in global KYB — delivering accuracy at scale without regional fragmentation.” Hany Fam, Founder and CEO of Markaaz, added, “This partnership marks a major inflection point for Markaaz. By empowering Socure’s RiskOS with our superior business identity intelligence, we’re connecting trusted businesses across the globe through one of the most respected platforms in the industry."
This partnership represents a significant advancement in compliance technology. By creating a seamless, automated bridge between business identity and owner verification, Socure and Markaaz are empowering enterprises to onboard SMBs globally with unprecedented speed, trust, and efficiency, ultimately driving growth in a critical market segment.
Socure is the leading platform for digital identity verification, compliance and fraud prevention solutions, trusted by the largest enterprises and government agencies to build trust and mitigate risk. Leveraging AI and machine learning, Socure’s industry-leading platform achieves the highest accuracy, automation, and capture rates in the industry.
Markaaz is the leading global business identity platform, helping banks, fintechs, and enterprises instantly verify and onboard businesses worldwide. Its platform integrates data from more than 65,000 sources and continuously updates over 542 million business records across 200+ countries and jurisdictions, including unregistered and emerging SMBs that are difficult for other providers to validate.
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