Already the most influential fintech conference in the world, Money20/20 was back in full force this year. You could feel the energy in the air as attendees, speakers, panelists, and industry leaders connected in person (with COVID-19 precautions still taken throughout the conference, of course).
For Socure, this year’s Money20/20 was the capstone to record-breaking momentum—full of industry firsts and announcements. Here are Socure’s three biggest highlights from Money20/20:
Alexis Ohanian & Johnny Ayers Keynote: Digital Identity – Keys to Growth Through Inclusion
Socure CEO and co-founder Johnny Ayers sat down with Alexis Ohanian, tech founder and venture capitalist, for a keynote about the importance of fair and equitable identity verification and fraud prediction, especially for protected classes, in the financial services ecosystem.
Alexis and Johnny discussed algorithmic bias, how digital identities can power inclusion and other key issues around the democratization of access to online services. Their talk aligned with another passion project that Socure was excited to announce: The Digital Identity Fairness & Inclusion Report.
The Digital Identity Fairness & Inclusion Report
Digital identity verification and fraud mitigation technologies play a crucial role in enabling financial services to reach marginalized populations. In an industry-first collaborative research report, Socure partnered with two of the country’s leading banking institutions to conduct in-depth analyses on how machine learning (ML) and artificial intelligence (AI) impacts the ethnic, racial, age, and socioeconomic bias that easily creeps into digital identity verification solutions and the risk scoring of certain fraud models.
Download The Digital Identity Fairness & Inclusion Report to read the detailed research findings—including comparisons across different systems and approaches—that came out of this groundbreaking cross-industry analysis.
Launch of Sigma Identity Fraud Solution
Last but definitely not least, Socure announced the launch of the new Sigma Identity Fraud: the industry’s most accurate identity fraud solution. Sigma Identity Fraud increases auto-approval rates by up to 60%, reduces false positives by 13x, and captures fraud in the riskiest 3% of the population by up to 90%. Trained with feedback data from the industry’s leading consortium of 750+ clients, Sigma Identity Fraud delivers better fraud models and improves any fraud program. Check out the full details on this newly launched solution here.
Want to Learn More?
The insights and expertise don’t stop at Money 20/20! Contact Socure anytime with your questions on identity verification and fraud prevention solutions—we’re here to help!
Anthony is VP and Head of Product Marketing at Socure. Previously, he was at Raise, the world's largest marketplace for retail currency. Prior to that, Anthony was a co-founder at Slide, a gift card wallet app on iOS and Android, that was acquired by Raise in 2016. Before becoming an entrepreneur, Anthony worked in business and product development at American Express.
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