Financing Will Accelerate Go-to-Market Strategy, Expansion
NEW YORK, NY – December 13, 2016 -- Socure, a pioneer in digital identity verification technology, today announced that it has closed a $13M round of funding led by Flint Capital, with participation from ff Venture Capital, Santander InnoVentures and Two Sigma Ventures, among others. The company will use the capital to scale operations, accommodating the 300% growth it has seen in 2016. The funds will enable Socure to more quickly innovate its digital identity verification platform, and continue to deliver the most predictive solution in the industry.
Update Enhances Analytics for Better KYC, AML Compliance, Optimizes Manual Review Processes
LAS VEGAS, NV – October 25, 2016 – Socure, a pioneer in digital identity verification, today announced a momentous redesign of its digital identity dashboard service to better equip organizations with a powerful new way to understand the complete online and offline persona of a consumer. The news comes on the heels of a series of exciting developments at the company, including several industry partnerships, and a marked increase in year-on-year growth.
Socure CEO Sunil Madhu predicts where the Payments Industry is going from a security perspective in this guest article for ETA Transaction Trends. The Electronic Transactions Association (ETA) is the trade association for the payments industry. In the article, Sunil explores how the forces of EMV, IoT, and mobile elicit revision of the trade-offs between usability, privacy and security.
New York-based provider of real-time digital identity verification solutions becomes Santander InnoVentures’ ninth portfolio investment
Topics: Press Release
Karen Webster and Socure’s Ken Allen hosted a digital discussion recently about how the payments and financial service providers should manage the digital identity crisis facing them and reliably authenticate consumers. One framework and 4 pillars later, they offered an approach that might help the ecosystem reconnect with its authentication ego-id-superego.
The smartest organizations are taking a layered approach to consumer decisioning, by separating identity verification from credit determination. Big Data enables them to blend intelligence with conventional offline data for hyper-informed decisions, in a way that doesn’t cut corners on the best security practices. (PODCAST)
Organizations of Any Size Able to Meet Regulations, Enforce Sanctions Worldwide in a Single Source Solution Integrated with ID+ Digital Consumer Verification
New York, May 19, 2016 — Socure, the leader in digital identity verification, today announced expanded coverage for global watchlist filtering and sanctions compliance. The move enables organizations to meet regulations set by the US and other nations to interdict known or suspected money launderers, terrorists, criminals, politically exposed and other persons considered high risk.
Acquiring that financial health means financial institutions are able to not only know, but accurately identify, their customers.
But for many financial institutions, the use of credit as a determining factor on whether to provide access to banking products or not transforms the decision from one based on identity to one based on credit – a choice that can subsequently lock millions out of the financial world.