Artificial Intelligence, AI

Like any other data tech, 'garbage in, garbage out' hurts artificial intelligence

Posted by PaymentsSource on Jun 20, 2018

Artificial intelligence and machine learning are leapfrog technologies, transforming the way payment processors, banks, online businesses and others are interacting with current and prospective customers.

Artificial Intelligence, AI, Machine Learning

How Financial Services Can Prevent Bias in AI

Posted by PYMNTS on Jun 6, 2018
Our Founder and Chief Strategy Officer, Sunil Madhu,  told Karen Webster during a recent podcast interview that  bias  remains a vital issue for the future of AI and machine learning.

Authentication, Fraud Prevention, Digital Identity

What Businesses Can Do About a Trillion-Dollar Fraud Problem

Posted by Sunil Madhu on Aug 22, 2017

Data breaches happen every day. Astonishingly, over nine times the population of the United States’ data was stolen in 2016 alone. Data breaches affect not only merchants but large-scale financial institutions like banks, credit card companies and credit bureaus that store a lot of information about consumers. It now costs about $4 on average to buy someone’s stolen identity data and mere hours of trolling people’s social media exhaust to learn enough to commit fraud. Fraud costs trillions of dollars to world economies annually. For consumers whose identity data has been stolen, the impact on their lives can vary from being a nuisance to financial and emotional trauma.

Compliance

Socure is a SOC2 Type 2 compliant SaaS company

Posted by Socure on Dec 1, 2016

Socure is pleased to offer the first Digital Identity Verification Solution that is compliant with SOC 2. 

SOC is an internationally recognized auditing standard created by The American Institute of Certified Public Accountants (AICPA). The SOC 2 report provides a description of a service organization’s system and the suitability of design and operating effectiveness of the organization’s controls.

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