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.

We are honored to be recognized for our innovations in this year’s FinTech Breakthrough Awards,” said Tom Thimot, CEO of Socure. “Our customers in banking, payments and ecommerce expect real-time answers on whether a user is who they say they are. The Socure ID+ platform uses machine learning and AI to validate digital identities in seconds and forms the cornerstone of anti-fraud and KYC/CIP programs at some of the world’s leading organizations.

Socure’s solutions continue to displace legacy identity verification systems at consumer-facing organizations across the US. In 2018, revenue grew more than 300% year-over-year fueled by growing demand for its analytics-based platform which dramatically reduces the need for human intervention associated with traditional digital identity verification techniques. Customers include 2 of the top 5 US banks, 7 of the top 10 US card issuers, 3 of the top 5 global remittance providers, a top 3 online retailer as well as many of the top digital banks, lenders and insurers.

From dramatically improved customer experiences to increased operational efficiencies, the FinTech industry accomplished a stellar year and we are proud to recognize the innovators and leaders in this space,” said James Johnson, Managing Director, FinTech Breakthrough while announcing the winners. “Congratulations to our 2019 FinTech Breakthrough Award winners.”

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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