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Sunil Madhu

Sunil Madhu
Sunil is the founder and Chief Strategy Officer of Socure, the leader in real-time online identity verification solutions, a start-up company based in New York City. Sunil is a serial entrepreneur, with several successful exits through IPO and acquisition. A security architect by profession, he has spent over 20 years innovating solutions in security and risk management with a focus on identity and access management.  At Socure, Sunil leads an experienced team that is working to bring trust to identity. Sunil holds a MS degree in MIS from Glasgow Caledonian University and a BS with Honors in Computer Science from Strathclyde University in the UK.
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Recent Posts

Identity verification, digital identity verification, AI, Machine Learning

Three Developments that will Reshape Digital Identity in 2019

Posted by Sunil Madhu on Dec 18, 2018

Consumer onboarding becomes a utility

The move to provide consumers with one-click enrollment experiences like single sign-on across apps (ex. bankID, Project Verify, GSMA RCS universal profile etc.) will ramp up. In parts of Europe and Canada where a handful of very large institutions control most of the banking structure, moves are underway for a coordinated, shared identity verification and management solution that will be made available to merchants and other providers.  

AML, KYC, Data Breach

Data Breaches Are Making the Credit Bureaus Obsolete

Posted by Sunil Madhu on Jul 16, 2018

We’re all familiar with the credit check, that ubiquitous step when we’re applying for bank accounts, loans, or credit cards. But while credit checks may be a well intentioned means of identity verification, the truth is that they’re outdated and unreliable—and increasingly a playground for fraudsters. Something needs to change, and fast.

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.

The Future of Social Data as Authentication

Posted by Sunil Madhu on Nov 8, 2016

Reacting to the kerfuffle between Admiral UK Insurance and Facebook, Socure CEO Sunil Madhu wrote in Payments Source about the broader implication for using Social Media data.  While privacy concerns abound, there are many benefits to consumers who may obtain better rates, coverage and services. 

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