DES MOINES, Iowa–– Curql Collective, the CUSO that invests in fintech with an objective of bringing new solutions to credit unions, said its Curql Fund I has made an investment in Proof, which it described as the “world’s first identity-assured transaction management platform.”
“Built to simplify notarization, identity proofing, and eSignature capabilities; and detect and prevent fraud at every stage, Proof helps credit unions authenticate members and ensure transactions are compliant, safe and secure,” Curql Collective said in a statement.
According to Curql Collective, Proof’s enterprise capabilities include identify verification, fraud detection and notary support for in-house notary teams, as well as trusted notaries and referees available at enterprise scale.
‘Millions of Documents’
“The platform handles millions of financial documents each year, including powers of attorney, direct rollovers, loan applications, trust certifications, and more,” Curql stated. “From a security standpoint, Proof brings trust and certainty to every agreement and customer interaction by actively detecting more than 100 risk signals to identify fraudulent activity at every stage of the transaction.”
Curql added that it also leverages multi-factor authentication to meet specific document requirements, and annotation and editing tools are built in to reduce signing time and document errors and eliminate guesswork with compliance and eligibility programmed into the platform.
‘A Game-Changer’
“This level of online notarization is a game-changer,” Curql Collective President and CEO Nick Evens said in a statement. “Our credit unions prioritize identifying fintech that help the CU industry remain relevant and competitive - and Proof does just that - through simplifying, digitizing, and de-risking outdated processes. Altogether, this is what makes Proof a strong strategic investment and value add to our ecosystem.”
For additional info: www.curql.com.
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