Docusign and CLEAR Revolutionize Identity Verification in Digital Agreements

Docusign and CLEAR: A New Era for Identity Verification

In a significant advancement for the digital agreement space, Docusign, the leading e-signature platform, has announced a transformative partnership with CLEAR, the identity verification firm. This collaboration introduces a new identity verification solution, tailored to safeguard against the rising threat of identity fraud while ensuring a seamless user experience for both businesses and consumers.

The Significance of the Partnership

The union of Docusign's advanced Intelligent Agreement Management platform with CLEAR's innovative biometric verification technology stands as a pivotal response to an escalating issue in our digital lives—identity fraud. The ongoing surge of document forgeries, exacerbated by the capabilities of generative AI, poses a severe risk to enterprises everywhere. A recent Gartner report paints a troubling picture, predicting that by 2028, a staggering one in four candidate profiles will likely be fabricated, further highlighting the urgent need for robust identity verification solutions.

As Allan Thygesen, CEO of Docusign, aptly states, "Together with CLEAR, Docusign is leading the way in ensuring that businesses don't have to choose between security and a seamless customer experience." This partnership aims to eliminate the trade-offs companies face between implementing strong security measures and maintaining user convenience.

Addressing the Fraud Challenge

The financial ramifications of identity fraud are staggering, with businesses losing millions annually. More concerning is the statistics indicating that 66% of businesses view fraud prevention efforts and customer satisfaction as competing objectives, while 58% worry that stringent fraud prevention could frustrate customers. Companies have an immense opportunity to turn the tide of these losses; those investing in comprehensive identity verification solutions reportedly save an average of $8 million by effectively curbing fraud.

Docusign's collaboration with CLEAR aims to reshape this landscape, offering a solution that not only prioritizes security but also enhances the ease of verifying identities. The CLEAR1 platform serves as the backbone of this new service, allowing users to confirm their identities through a straightforward biometric process.

A User-Friendly Experience

With over 33 million members already engaged with CLEAR, the new verification solution integrates smoothly into the Docusign user experience. Members can verify their identities in seconds, simply by taking a selfie. For newcomers to CLEAR, setting up an account takes less than 90 seconds, ensuring that anybody can easily participate without reducing the document signing experience’s efficiency.

Docusign is also set to introduce Risk-Based Verification soon. This smart feature dynamically adjusts the identity verification process based on the user's individual risk profile. Low-risk users will find the verification process swift and unencumbered, while those flagged as high-risk will undergo additional security checks, further bolstering protection against fraud without impeding transaction speed.

Looking Ahead

The partnership between Docusign and CLEAR heralds a new chapter in the future of digital agreements. By integrating advanced identity verification capabilities within the digital agreement process, the two companies are pushing boundaries in security and user experience. This innovative approach will enable businesses to conduct their operations more securely while keeping customer frustration at bay, setting a new benchmark for future verification standards in high-stakes digital workflows.

As industries grapple with growing identity verification demands, the solution rolled out by Docusign and CLEAR is set to become a game-changer in ensuring trust in digital transactions.

For further details regarding the integration of Docusign’s services with CLEAR, visit the official websites of both organizations. This partnership not only simplifies digital agreement processes but also lays the groundwork for a more secure, user-friendly future in identity verification.