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.

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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.

Contact

Janine Savarese
Savarese Communications
(908) 461-5767
jsavlowe@savcopr.com