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ID+, Financial Services, Cybersecurity, identification verification, Awards

2019 FinTech Breakthrough Awared | Socure

AI-based Identity Verification Platform Selected from More Than 3,500 Entries for Transaction Security Innovation Award
Posted by Socure on May 6, 2019

ID+™ Digital Identity Verification Platform was selected from over 3,500 nominations to receive the Innovation Award for Transaction Security in the 2019 FinTech Breakthrough Awards. Judged by an independent panel of experts in the financial services and technology industries, these annual awards recognize the top “breakthrough” companies, technologies, and products in the global FinTech market. This year’s winners list is posted online at: https://fintechbreakthrough.com/winners/.

Digital Identity, Fraud, 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 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 total funding to $57.5 million.

Compliance, NIST Cybersecurity, Cybersecurity, HITTRUST

Socure ID+ Achieves HITRUST CSF® Certification

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, Manual Review, Identity Proofing

Alloy and Socure Partner to Automate Identity Verification

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.

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