Socure was founded in 2012, coinciding with a surge in digital enrollment at fintechs and banks for services that once required an in-person handshake and reams of physical documentation.

Soon after its founding, the company transformed the online enrollment experience by building proprietary analytics to correlate social media footprint with traditional background data to enable real-time identity verification of any consumer, including those with thin credit files. This correlative approach opened the door to solving identity fraud by revealing a multi-dimensional, holistic view of consumer risk, allowing organizations to ‘know’ their customers much better than with legacy, highly compromised credit bureau data.

Today, Socure continuously evolves its machine learning and data curation strategies to power its Socure ID+ Platform, an identity engine, and make it even smarter. The Socure ID+ Platform encompasses intelligent Know Your Customer, real-time identity fraud risk scores, analytics-based digital document verification, and proactive identity alerts, serving hundreds of institutional customers, including top 10 US banks, top 10 credit card issuers, and over 100 of the largest and most successful fintechs.