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.

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