News

NEW YORK, June 4, 2018 -- Socure, a leading provider of predictive analytics for digital identity verification, today announced that two of the Top 5 US banks (and three of the Top 10) are now using its Socure ID+ platform. Socure replaces traditional digital identity verification methods with a machine learning platform that can predict the identity of customers entering through digital portals with unprecedented accuracy to dramatically reduce account opening fraud, increase auto-acceptance, and slash manual reviews.

Facebook’s data fiasco, Wells Fargo’s fake account scandal, the Equifax breach and the onset of the European Union’s General Data Protection Regulation (GDPR): With topics like these dominating headlines, it’s no wonder everyone is thinking about digital identity.

NEW YORK, May 9, 2018 --  Socure, a leading provider of predictive analytics for digital identity verification, today announced it has achieved compliance certification for three ISO/IEC 27000 standards pertaining to the privacy, confidentiality, and security controls of its ID+ system and service. These internationally recognized standards help organizations keep information assets — including personally identifiable information (PII) about consumers —  secure, private, and confidential within a cloud-based environment.

The recent past of digital identity and data security really won’t much resemble its future all that much, according to Tom Thimot, Socure’s newly minted CEO, and that is very good news for everyone. Because, he says, old-school models built out of static models will never work as well as one-two punch algorithms and machine learning. The challenge? Getting it out there – and helping the entire ecosystem understand that not all “big data” shops are quite created equal.