News

NEW YORK--(BUSINESS WIRE)--Socure, the leading provider of identity verification and fraud prevention services, today announced that its 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/.

NEW YORK--(BUSINESS WIRE)--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.

NEW YORK--(BUSINESS WIRE)--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.

NEW YORK--(BUSINESS WIRE)--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.