Digital Identity, Fraud, socure, Machine Learning, Identity fraud

Socure Raises $30M in Additional Financing to Identify the Human Race

Series C Round Doubles Funding Following Breakthrough Business Results in 2018 for AI-based Digital Identity Verification Platform
Posted by Socure on Feb 28, 2019

NEW YORK--()--Socure, the leading provider of identity verification and fraud prevention services, today announced it has raised $30 million in Series C funding led by Scale Venture Partners. Previous investors participating in the round include Commerce Ventures, Flint Capital, Two Sigma Ventures and Synchrony, as well as new investor Sorenson Capital. The company announced that Rory O’Driscoll, partner at Scale Venture Partners, is joining its board of directors. This investment brings Socure's total funding to $57.5 million.

Compliance, socure, NIST Cybersecurity, Cybersecurity, HITTRUST, Risk

Socure ID+ Achieves HITRUST CSF® Certification and HITRUST Certification of the NIST Cybersecurity Framework

Certifications Validate Socure is Committed to Meeting Key Regulations and Protecting Sensitive Information
Posted by Socure on Feb 20, 2019

NEW YORK--()--Socure, the leading provider of predictive analytics for digital identity verification, today announced its ID+ identity verification system has earned Certified status for information security by HITRUST.

Fraud, Identity verification, Fintech, Identity Proofing, Alloy

Alloy and Socure Partner to Automate Digital Identity Verification and Onboarding for Financial Institutions

Joint Solution has Enabled Radius Bank to Reduce Fraud by 50%, Manual Reviews by 95% and Increase New Account Conversion by 30%
Posted by Socure on Oct 17, 2018

NEW YORK--()--Socure and Alloy today officially announced a partnership that enables financial institutions to make real-time digital identity verification decisions with unprecedented speed and accuracy for onboarding new customers. Using the combination of Socure's AI-based identity risk scoring and Alloy’s workflow management has helped Radius Bank, an innovative digital bank, cut fraud in half, virtually eliminate manual reviews, and achieve a major boost in its new account conversions.

Money 20/20, Identity verification, digital identity verification, AI, Sunil Madhu

Socure Founder to Discuss How AI is Reshaping Digital ID Verification at Money20/20 2018

Posted by Socure on Oct 10, 2018

NEW YORK--()--Socure, a leading provider of predictive analytics for digital identity verification, today announced its founder and data science visionary Sunil Madhu will participate on the panel entitled “The Power of AI for Real Identity Verification” at the upcoming Money20/20 USA conference in Las Vegas.

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