NEW YORK – May 12, 2020 – Socure, a leader in Day Zero digital identity verification, today announced it has been recognized in the April 24, 2020 Cool Vendors in AI for Banking and Investment Services report by Gartner, Inc.

The report identifies Socure as a Cool Vendor. It states, “Banks are optimizing operations via usage of AI technologies such as deep learning, predictive analytics and natural language processing. Technology and service providers in banking and investment services developing tools using AI methods should observe the selected vendors for disruptive ideas.” Specifically, the Gartner report recognizes vendors that “...are helping optimize operations at banking and investment services by assisting a wide number of organizations — including small and midsize banking and investment services institutions — in reducing cost, increasing revenue, improving customer experience and more.”

The Socure ID+ identity verification platform applies artificial intelligence and machine learning with trusted online and offline data intelligence to calculate an actionable “trust score” for digital identities in less than a second. It also provides users with a detailed explanation as to how it came to its conclusions, enabling financial institutions to have much greater confidence in their fraud protection programs, reduce the need for manual reviews, and optimize their resources.

“We are honored to be named a Gartner Cool Vendor for our use of AI and machine learning, which is the core of our business,” said Tom Thimot, CEO, Socure. “By utilizing advanced data science and machine learning techniques, we are able to improve the overall identity verification performance and user experience for banking and other financial institutions, as well as their customers.”

To view a complimentary copy of the Gartner Cool Vendors in AI for Banking and Investment Services report, click here or email your request to info@socure.com.

For more information about Socure and the ID+ identity verification platform, visit www.socure.com.

Gartner Disclaimer: Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's Research & Advisory organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About 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, social media and the broader internet to verify identities in real-time. Socure powers financial inclusion, increasing acceptance as much as 40 percent for millennials and other thin-file consumers. It also reduces fraud for online new account opening by up to 90 percent, lowers manually reviewed knowledge-based authentication (KBA) rates by as much as 80 percent, and automates Customer Identification Program (CIP), Know Your Customer (KYC) and anti-money laundering (AML) compliance initiatives. Socure was founded in 2012 and is based in New York City.

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Topics: Press Release

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.