Digital Identity, Fraud, socure, Machine Learning, Identity fraud

Socure Raises $30M in Additional Financing to Identify the Human Race

Series C Round Doubles Funding Following Breakthrough Business Results in 2018 for AI-based Digital Identity Verification Platform
Posted by Socure on Feb 28, 2019

NEW YORK--()--Socure has raised $30 million in Series C funding led by Scale Venture Partners. Previous investors participating in the round include Commerce Ventures, Flint Capital, Two Sigma Ventures and Synchrony, as well as new investor Sorenson Capital.

The company announced that Rory O’Driscoll, partner at Scale Venture Partners, is joining its board of directors. This investment brings total funding to $57.5 million.

Fraud, Identity verification, Fintech, Identity Proofing

Alloy and Socure Partner to Automate Identity Verification

Joint Solution has Enabled Radius Bank to Reduce Fraud by 50%, Manual Reviews by 95% and Increase New Account Conversion by 30%
Posted by Socure on Oct 17, 2018

NEW YORK--()--Socure and Alloy today officially announced a partnership that enables financial institutions to make real-time digital identity verification decisions with unprecedented speed and accuracy for onboarding new customers. Using the combination of Socure's AI-based identity risk scoring and Alloy’s workflow management has helped Radius Bank, an innovative digital bank, cut fraud in half, virtually eliminate manual reviews, and achieve a major boost in its new account conversions.

Press Release, Compliance, AML, Fraud Prevention, Digital Identity, Fraud, Online Id Verification

Socure Appoints Tom Thimot as its New CEO

Posted by Socure on Apr 25, 2018

 Veteran Technology Executive will Guide Digital Identity Verification Leader in Next Phase of Expansion

Compliance, AML, Fraud Prevention, Digital Identity, Fraud

Digital Breadcrumb Trail To Verified IDs

Posted by PYMNTS on Feb 16, 2018

The rise of the machines?

Not the latest Transformers or Terminator retread. The machines that we speak of here are the ones that act as the velvet rope, the bouncers if you will, of the financial industry. The ones who use data gleaned from thousands of sources to make sure that you are who you say you are when you want to transact.

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