On Identity, Trust and Fraud: In The News

Socure

Socure is the leader in real-time online identity verification solutions. Its cloud-based solution allows enterprises to reduce third party identity and synthetic fraud, increase the acceptance of valuable customers and reduce the cost of compliance/manual review. Socure was founded in 2012 and is based in New York City.
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Recent Posts

Socure Closes $13M Funding to Further Innovate Digital Identity

Posted by Socure on Dec 13, 2016 9:00:00 AM

Financing Will Accelerate Go-to-Market Strategy, Expansion

PRESS RELEASE

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.  

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Topics: Press Release, ID+

Socure Reveals New Interface for Digital Identity Verification at Money 20/20

Posted by Socure on Oct 25, 2016 11:00:00 AM

Update Enhances Analytics for Better KYC, AML Compliance, Optimizes Manual Review Processes

PRESS RELEASE 

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. 

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Topics: Money 20/20, ID+

Santander InnoVentures announces investment in digital identify verification firm Socure

Posted by Socure on Jun 22, 2016 6:57:29 AM

New York-based provider of real-time digital identity verification solutions becomes Santander InnoVentures’ ninth portfolio investment

Press Release

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Topics: Press Release

Socure Expands Global Watchlist Coverage for KYC/CIP & AML Compliance 

Posted by Socure on May 19, 2016 7:30:00 AM

Organizations of Any Size Able to Meet Regulations, Enforce Sanctions Worldwide in a Single Source Solution Integrated with ID+ Digital Consumer Verification

PRESS RELEASE

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.

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Topics: Compliance, AML, KYC, Watchlists

Socure CEO to Address Banking Industry Leaders at BAI Payments Connect Conference on Combatting Fraud

Posted by Socure on Mar 2, 2016 7:00:00 AM

Alternative Data, ‘Digital Exhaust’ Provide Key Insights to Better Fraud Prevention, Digital Identity Verification

NEW YORK, March 2, 2016 — Socure (www.socure.com), the industry leader in digital identity verification, today announced that Sunil Madhu, its chief executive officer, will speak to banking industry leaders about ways to reduce payment fraud, at next week’s BAI Payments Connect conference, being held in San Diego.

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Topics: BBVA, ID+, Events

Socure Joins Industry Leaders as a Member of the FIDO Alliance

Posted by Socure on Feb 18, 2016 7:30:00 AM

Brings Expertise in Digital Identity Verification to Help Industry Consortium

NEW YORK, February 18, 2016 — Socure, the leader in digital identity verification, today announced that it has joined the FIDO (Fast IDentity Online) Alliance, a non-profit, industry consortium developing open, scalable and interoperable authentication standards to reduce the reliance on passwords to securely authenticate users of online services, and to reduce the risks of online identity theft and fraud.

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Topics: Press Release, ID+

Socure Announces Milestone Release and SOC 2 Compliance

Posted by Socure on Jan 19, 2016 7:30:00 AM

First Digital Identity Verification Solution to Achieve SOC 2 Type 1 Report, New Big Data Version Boosts Fraud Capture by 300%

 New York, January 19, 2016 — Socure, the leader in digital identity verification, today announced the general availability of a groundbreaking new release of its Social Biometrics™ Platform as well as its flagship ID+™ solution for consumer verification. Additionally, Socure has successfully completed the stringent Service Organization Control (SOC) 2 Type I audit and received the subsequent report.

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Topics: Press Release

Socure Verifying Identities in more than 175 Countries with Social Biometrics Platform

Posted by Socure on Oct 27, 2015 10:00:00 AM

Global media touts innovative new technology using trusted online and social media data for authentication, showcased at Money 20/20

PRESS RELEASE

LAS VEGAS, October 27, 2015 — Socure (www.socure.com), the industry leader in real-time online identity verification solutions, today announced that financial institutions and other firms are now using its Social Biometrics Platform™ to authenticate the identity of consumers in more than 175 countries worldwide. The company said its software is being used to promote financial inclusion, bringing millions of un-banked and under-banked consumers into the financial system.

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Topics: Press Release

Socure Debuts Next-Generation of Fraud Prevention at Finovate

Posted by Socure on Sep 17, 2015 8:30:00 AM

Patented Real-Time Facial Biometrics Instantly Matches Online and Social Media Profile Data; The End of Passwords?

PRESS RELEASE

NEW YORK - September 17, 2015 — Socure, the industry leader in real-time online identity verification solutions, today introduced Perceive™, its newest innovation, designed to further slash the potential for online financial fraud by using facial recognition to confirm a person’s identity almost instantly. 

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Topics: Press Release

Feedzai Partners with Socure, Offering Joint Fraud Prevention Solution for Financial institutions

Posted by Socure on Sep 10, 2015 8:30:00 AM

 Feedzai Updates Software Platform to Enhance Fraud Risk Management Services

 

San Mateo, CA and New York, NY – September 10, 2015Feedzai, a data science company that uses real-time, machine-based learning to analyze big data and minimize risk in the financial services industry, today announced a partnership with Socure, the industry leader in real-time online identity verification solutions. Working together, the two companies will provide their mutual clients with a “plug-and-play” solution that combines online and social data-based authentication with fraud risk scoring.

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Topics: Press Release

In The News

Articles & Press Releases

Our team is constantly sharing what we've learned from years of security, financial technology, fraud risk mitigation and identity verification.  Here, we have included some stories of interest we wrote, or were quoted or mentioned in. 

You'll also find press releases detailing our recent product launches, new additions to  our fast-growing team, as well as corporate and funding news.  

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