NEW YORK--()--Socure, a leading provider of predictive analytics for digital identity verification, today announced it was named a Cloud 100 Rising Star for 2018 by Forbes. Cloud 100 Rising Stars are the 20 fastest-growing cloud companies that are still too small or too young for the The Forbes Cloud 100 list of the biggest and best private companies in the cloud. The company was also recently named an IDC Innovator for identity proofing by research firm International Data Corporation (IDC).

Socure is profiled in the Forbes story: Cloud 100 Rising Stars: Meet 20 Of The Cloud's Breakout Up-And-Comers For 2018

According to Forbes, “The Forbes Cloud 100 represents a who's who of the biggest and best private companies in the cloud, but it doesn’t tell the whole story. Right behind this year's winners is a new crop of underdogs, breakout up-and-comers in cloud computing who are looking to follow in their footsteps—or even come for their laurels.

At Socure, CEO Tom Thimot and cofounders Sunil Madhu and Johnny Ayers are using identity-verification software to create new opportunities for “credit invisible” people such as immigrants and young adults.”

“Being named a Forbes Cloud 100 Rising Star is a special honor and powerful validation for our business model and technology,” said Tom Thimot, CEO for Socure. “Our ability to solve the digital identity verification problem for financial institutions and payment processors using advanced data science techniques, including artificial intelligence and machine learning, addresses a huge market opportunity. The traditional credit bureau approach has run its course and can’t meet the digital and mobile-first requirements of today’s younger consumers.”

Socure ID+ Platform
The patented Socure ID+ predictive analytics platform verifies whether digital identities are authentic, fake, synthetic, or stolen. It is powered by AI Technology which combines artificial intelligence, unsupervised machine learning and clustering algorithms to validate customer identity from consented online, social, mobile, and offline data in real-time. By calculating risk and correlation scores, Socure ID+ empowers businesses to dramatically increase online transaction acceptance rates, as well as reduce manual reviews and fraud.

Original article: Business Wire 

Topics: Identity verification, Cybersecurity

Socure

Socure

Socure is the leader in Day Zero digital identity verification technology. Its predictive analytics platform applies artificial intelligence and machine-learning techniques with trusted online/offline data intelligence from email, phone, address, IP, device, velocity, and the broader internet to verify identities in real-time. The company has more than 300 customers across the financial services, gaming, telecom, and eCommerce industries, including three of the top five US banks, eight of the top 10 card issuers, three of the top MSBs, the largest payroll service, the second-largest retailer in the world, and over 100 of the largest and most successful fintechs such as Varo Money, Public, Chime, and Stash. Socure recently received numerous industry awards and accolades including being named “Best New Technology Introduced over the Last 12 months – Data and Data Services” at the 2020 American Financial Technology Awards (AFTAs), ranked number 70 on Deloitte’s Technology Fast 500™, being named a Gartner Cool Vendor, recognized by Forbes as one of the “Top 25 Machine Learning Startups to Watch,” listed to CB Insights: The Fintech 250, and awarded Finovate’s Award for Best Use of AI/ML, to name a few. For more information visit www.socure.com.