The rise of the machines?
Not the latest Transformers or Terminator retread. The machines that we speak of here are the ones that act as the velvet rope, the bouncers if you will, of the financial industry. The ones who use data gleaned from thousands of sources to make sure that you are who you say you are when you want to transact.
San Francisco – December 12, 2017 – CB Insights today named Socure to the prestigious AI 100, a select group of promising private companies working on groundbreaking artificial intelligence technology.
Each year CB Insights puts together a list of AI 100 companies recognizing the teams and technologies that are successfully using AI to solve big challenges. Over 1000 companies applied this year and only 100 were chosen, representing the most promising companies using artificial intelligence in industries from drug discovery and cybersecurity to robotics and legal tech.
The Social Security number (SSN) was never meant to get this much attention.
It was never meant to be shorthand for, well, you – proving that you are who you say you are, serving as a gateway to all manner of sensitive data and, of course, financial accounts.
Yet those nine numbers have become a standard bearer for identity verification, a gold mine for fraudsters – maybe rendered moot by the huge breaches at Equifax and other companies.
Every business exists to serve their customers – the actual ones – not the stolen or synthetic identities but the actual people looking to buy the actual product and service; those who will pay for it.
Socure helps identify the actual customers, CEO Sunil Madhu said. Socure blends machine learning techniques with data gleaned from email, phone, IP, social media and the wider internet.
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