Socure

Socure is the leader in high-assurance digital identity verification. The company’s predictive analytics platform applies artificial intelligence and machine learning to trusted online/offline sources including email, phone, address, IP address, social media and traditional GLBA/DPPA data to verify identities in real-time. The Socure ID+ platform reduces fraud by up to 90 percent, lowers manual review/knowledge-based authentication (KBA) rates by as much as 80 percent, and automates Customer Identification Program (CIP), Know Your Customer (KYC) and anti-money laundering (AML) compliance initiatives.

Source: socure.com

Socure to Create ‘Single View of Identity’ With Effectiv Acquisition
Socure to Create ‘Single View of Identity’ With Effectiv Acquisition
October 24, 2024  |  Acquisitions

Socure plans to acquire Effectiv to create a unified identity, fraud and risk decision engine and offer its partners a “single view of identity.” The...

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Socure Debuts Selfie Reverification to Root Out Deepfakes
Socure Debuts Selfie Reverification to Root Out Deepfakes
August 08, 2024  |  Identity

ID verification firm Socure has introduced a new way for businesses to validate return customers. Selfie Reverification, announced Thursday (Aug. 8), can validate customers online...

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Proof and Socure Team to Combat Fraud on Consumer Forms
Proof and Socure Team to Combat Fraud on Consumer Forms
May 16, 2024  |  Fraud Prevention

Online notarization firm Proof has launched a partnership with digital identity verification provider Socure. The collaboration, announced Thursday (May 16), is aimed at preventing fraud in consumer agreements and forms,...

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Socure and Trustly Partner on Pay-by-Bank Solution With Streamlined Onboarding
Socure and Trustly Partner on Pay-by-Bank Solution With Streamlined Onboarding
February 29, 2024  |  Payments Innovation

Socure and Trustly have partnered to offer merchants a pay-by-bank solution that includes a streamlined customer onboarding process and guaranteed fast payments. The solution designed for all merchants...

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Socure Launches Tool and Financial Consortium to Fight First-Party Fraud
Socure Launches Tool and Financial Consortium to Fight First-Party Fraud
October 23, 2023  |  Security & Fraud

Socure has launched its first-party fraud solution, Sigma First-Party Fraud, along with the First-Party Fraud Consortium (FPFC). Together, these solutions aim to help companies detect and prevent...

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Socure Acquires Berbix to Bulk Up ID Verification Toolbox
Socure Acquires Berbix to Bulk Up ID Verification Toolbox
June 27, 2023  |  Identity

Digital identity provider Socure has paid $70 million to buy document verification startup Berbix. The cash and stock transaction, announced Tuesday (June 27), allows Socure to integrate Berbix’s technology...

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Alacriti and Socure Team to Prevent Payment ID Fraud
Alacriti and Socure Team to Prevent Payment ID Fraud
April 13, 2023  |  Fraud Prevention

Payments FinTech Alacriti has teamed with Socure to prevent identity fraud in instant payments. “Instant payments require real-time fraud prevention, which is not something many...

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PYMNTS Intelligence: The Challenges of Complying With Digital Identity Regulations
PYMNTS Intelligence: The Challenges of Complying With Digital Identity Regulations
June 09, 2022  |  eCommerce

Technologies designed to authenticate identities are being introduced around the world to replace cumbersome procedures involving usernames, passwords and paper-based identification documents. Biometrics, such as...

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Zil Money on the Challenges of Digital Account Verification for FIs
Zil Money on the Challenges of Digital Account Verification for FIs
June 08, 2022  |  eCommerce

No other industry has more at stake in digital identity verification than financial services, a future Zil Money’s Justin Timlin says will be driven by...

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