Money 20/20, Identity verification, KYC, AI

Fewer humans, more collaboration, better UX: The future of AI for identity verification

Posted by Socure on Nov 19, 2018

Socure Founder and Chief Strategy Officer Sunil Madhu joined Arif Ahmed, SVP of emerging payments and technological innovation at U.S. Bank, and Frank Villavicencio, CPO for access and identity at ADP, onstage at this year’s Money20/20 to discuss AI’s role and future in identity verification and customer experience. The panel was moderated by Dan Rosen, founder and general partner of Commerce Ventures.

Data Breach, KYC, AML

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 But while credit checks may be a well intentioned means of identity verification, the truth is that they’re outdated and unreliable—and increasingly a playground for fraudsters.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.

ID+, KYC

Preventing Fraudsters from Becoming Upwardly Mobile

Posted by Socure on Jul 28, 2016

A rising number of Financial Institutions are leveraging mobile transaction opportunities, but the technology also presents challenges to organizations unprepared for fraud. How can they protect their operations and consumers?

ID+, KYC

A whole new way to look at Knowing Your Customer, Socially.

Posted by Johnny Ayers on Jul 5, 2016

In July 2016, ID+ v2.5 added new field validation models, reason codes and correlation scores that are providing incredible predictive power that feed into both the fraud and authenticity scores returned from an ID+ Digital Identity Check. The correlation score is a new and unique way to improve upon an identity verification process, and enable KYC-type inspection. Read more in this blog from our VP of Data Science and Product, Nash Ali. 

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