Rethinking Digital Fraud Strategies for a Post-Pandemic World
With a fully-automated digital approach to identity verification, Socure and AWS have partnered to help modern businesses meet consumer expectations at scale while simultaneously reducing risk.
Socure’s identity verification suite fuels growth by seamlessly assessing customer trust at onboarding and transaction, reducing friction while optimizing customer experience.
Socure is trusted by three of the top five banks, seven of the top 10 issuers, and many of the world’s largest ecommerce, payroll providers, and fintechs. Fintech customers include Chime, Stash, and Varo.
Customers use the Socure ID+ platform to reduce third-party and synthetic identity fraud, verify government-issued documents, and meet compliance requirements including KYC/AML. Socure's comprehensive ID+ platform features the Sigma Fraud suite, compliance suite, and modules for device, email, phone, and address risk scores.
CASE STUDY | ONLINE BANKING
Two co-founders launched a leading US Challenger Bank in 2013 to make banking better for all consumers. While they attracted many new members, they quickly realized that many good customers were being turned away or dropping out of the application process due to a cumbersome identity verification process.
CASE STUDY | INVESTMENTS
As part of the micro-investment advisor’s goal to simplify investing, they recognized the importance of providing a simple, frictionless user experience from account opening through account usage. The company quickly realized that verifying the identities of new account applicants was particularly challenging.