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KYC, Identity Fraud, Third Party Fraud

Socure Commits to Eliminating Identity Fraud Ahead of Money 20/20

Posted by Socure on Oct 25, 2019

The leader in high-assurance digital identity verification, Socure, today announced that it will become the first company to eliminate third party identity fraud. To support this claim, they will unveil three key product enhancements within its Socure ID+ platform at Money 20/20. Exhibiting at Booth #4326, the company will offer attendees in-person demos of its expanded and improved product portfolio, while underscoring its commitment to eliminating identity fraud for financial institutions.

Digital Identity, Identity Fraud, Machine Learning, KBA

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.

Identity Fraud, Identity verification, Fintech, Manual Review, 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, 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

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