socure, Press Release, digital identity verification, Top Banks, Fraud Prevention

Socure Enables Two Top 5 US Banks to Verify Digital Identities with Unprecedented Accuracy

Predictive Analytics Platform has Slashed Identity Fraud by 60% and Increased New Account Opening Auto-Acceptance by 20%
Posted by Business Wire on Jun 4, 2018

NEW YORK, June 4, 2018 -- Socure, a leading provider of predictive analytics for digital identity verification, today announced that two of the Top 5 US banks (and three of the Top 10) are now using its Socure ID+ platform. Socure replaces traditional digital identity verification methods with a machine learning platform that can predict the identity of customers entering through digital portals with unprecedented accuracy to dramatically reduce account opening fraud, increase auto-acceptance, and slash manual reviews.

Compliance, AML, Fraud, Fraud Prevention, Digital Identity, Press Release, 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, Fraud Prevention, Digital Identity

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.

Compliance, Digital Identity, Fraud Prevention

Securing Consumer Data Beyond The SSN

Posted by PYMNTS on Nov 7, 2017

The Social Security number (SSN) was never meant to get this much attention.

It was never meant to be shorthand for, well, you – proving that you are who you say you are, serving as a gateway to all manner of sensitive data and, of course, financial accounts.

Yet those nine numbers have become a standard bearer for identity verification, a gold mine for fraudsters – maybe rendered moot by the huge breaches at Equifax and other companies.

Download the ID+ Data Sheet

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