Our Digital Identity: The Socure Blog

AuthScore: New & Improved

Posted by Ken Allen on Jul 6, 2016 1:58:06 PM

Since the dawn of time - or at least since man started using ID+ for consumer verification of individual identities, the AuthScore has been the central component of an ID+ Score. A simple ordinal whole number between 0 and 10, it is the cornerstone of ascertaining if a consumer being verified is the person they claim to be. For the latest relase of Socure ID+ for Consumer Verification, version 2.5, the AuthScore is "new and imrpoved" for better validation.

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Topics: Product Update, ID+, Technology

A whole new way to look at Knowing Your Customer, Socially.

Posted by Johnny Ayers on Jul 5, 2016 6:06:20 PM

In July 2016, ID+ v2.5 added new field validation models, reason codes and correlation scores that are providing incredible predictive power that feed into both the fraud and authenticity scores returned from an ID+ Digital Identity Check. The correlation score is a new and unique way to improve upon an identity verification process, and enable KYC-type inspection. Read more in this blog from our VP of Data Science and Product, Nash Ali. 

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Topics: ID+, KYC

The Omnichannel Conundrum: How to Prevent Fraud and Maximize Consumer Experiences

Posted by Michael Hiskey on Jun 21, 2016 10:56:40 AM

Financial Institutions are increasingly moving towards omnichannel strategies, but are they prepared for security threats? 

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Topics: Article, Trends

The Evolution of Authentication

Posted by Michael Hiskey on Jun 8, 2016 5:13:34 PM

On June 7th, 2016 Karen Webster, CEO of PYMNTS.com and Ken Allen, SVP of Operations at Socure sat down to continue their disussion on the changing landscape of identity verification. This 'Digital Disucssion' focused on the methods and frameworks for thinking about a layered approach to consumer authentication.

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Topics: ID+, Authentication, PYMNTS

Updates to Socure ID+, New Watchlist Capabilities in v2.5

Posted by Johnny Ayers on Apr 15, 2016 1:36:49 PM

At Socure, we’re committed to the continuous improvement of our ID+ solution for consumer verification. Soon, clients will need to take action in order to ensure continuous service as we make updates to our product.

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Topics: Product Update, ID+, Technology

Scalable Prediction Services in #RStats

Posted by Justin Kammerman on Apr 7, 2016 3:17:15 PM

Lessons learned at Socure deploying real-time prediction web services based on fraud models developed in R. Leveraging AWS IaaS and Docker containerization to deploy auto-scaling redundant deployment units with clear separation of modeling and dev-op concerns.

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Topics: Technology

Innovation Project 2016 by PYMNTS

Posted by Michael Hiskey on Mar 24, 2016 2:11:32 PM

First-person summary of Innovation Project a payments industry confernece put on by PYMNTS March 16-17 at Harvard University.

Innovation Project is a conference put on annually by Payments Industry trade publication PYMNTS. Socure was a silver sponsor, our CEO was on-stage briefly during the “Think-a-Thon” challenge, and we participated in the Innovator Expo.

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Topics: Trends, ID+, Events

Hiring great talent

Posted by Michael Hiskey on Jan 25, 2016 2:10:30 PM

Leading in Digital Identity - It takes a village; that village needs people! 

If you’ve got phenomenal talent, and want just a touch of the hipster office vibe, without all of the attitude that comes with it, we’ve got the job for you. Socure is tackling generational problems that make the financial system more accessible for the un-banked and under-banked masses in the US and around the world. All from right here in New York City.

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Topics: Trends, Jobs

Big Data and Digital Identity Verification

Posted by Michael Hiskey on Dec 30, 2015 6:37:48 PM

What’s New in ID+ Version 2.5

Over the past two years, Socure has redefined electronic identity verification with alternative data from trusted online and social media information. In version 2.5, we have upped the game with tremendous enhancements to both our SOC-2 Certified Social Biometrics platform and our ID+ APIs.

To do this, ID+ now returns more data than ever before. More data sources, more detailed and expanded field validation and reason codes, more input for fraud prediction—more information for better consumer decisioning.

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Topics: Product Update, ID+

Identity, Fraud, Terrorism and Social Media – Connecting the Dots

Posted by Michael Hiskey on Dec 16, 2015 12:44:00 PM

Why Social Media is an Important Piece of the Puzzle for Identity Verification

As the DHS announces it will use Social Media as part of the vetting process for new visa applications; one company has been using it for broader identity verification – and showing meaningful results.

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Topics: Article, Trends, ID+

About the Socure Blog

Digital Identity and the New World

Our team is constantly sharing what we've learned from years of security, financial technology, fraud risk mitigation and identity verification.  Here, we share our latest thinking that elates to everything in and around Socure, the financial technology industry, KYC, AML, CIP, Fraud and Compliance! 

That's a lot of stuff. We'd love to read your comments, so share your thoughts right here and via your favorite social media networks.  We're listening - suggest a topic anytime! 

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