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 

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Socure is the leading platform for digital identity trust. 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 500 customers across the financial services, gaming, telecom, and e-commerce industries, including three of the top five banks, seven of the top 10 card issuers, three of the top MSBs, the top payroll provider, the top credit bureau, and over 100 of the largest and most successful FinTechs. Marquee customers include Chime, Varo Money, Public, Stash, and DraftKings. Investors include Accel, Commerce Ventures, Scale Venture Partners, Flint Capital, Capital One Ventures, Citi Ventures, Wells Fargo Strategic Capital, Synchrony, Sorenson, Two Sigma Ventures, and others.

Socure has received numerous industry awards and accolades, including being named to Forbes America’s Best Startup Employers 2021, being awarded Best New Technology Introduced over the Last 12 Months – Data and Data Services at the 2020 American Financial Technology Awards (AFTAs), being ranked number 70 in Deloitte’s Technology Fast 500™, being listed as a Gartner Cool Vendor, being recognized by Forbes as one of the Top 25 Machine Learning Startups to Watch, being named to CB Insights: The FinTech 250, and being awarded Finovate’s Award for Best Use of AI/ML, to name a few.

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