AI-Powered, Automated Compliance Across the Customer Journey
Outdated, rules-based legacy compliance solutions present significant risks in today’s high-stakes regulatory environment. Our precision CIP/KYC compliance solutions offer unparalleled accuracy and operational efficiency, ensuring seamless adherence to regulations, mitigating risks, and safeguarding your organization’s reputation.
- Automated CIP/KYC verification and sanctions screening
- Demonstrable controls with self-service audit reporting
- Effortless case management
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2,800+ Top Organizations Trust Socure
99%
verification of mainstream populations
40%
decrease in manual review
95%
verification of Gen Z consumers
60%
reduction in operational costs
Unlock compliance excellence with Socure
As regulations and financial crime continue to evolve, organizations must stay agile and use the latest technology to remain compliant. Socure delivers the new gold standard for end-to-end compliance, for every stage of the customer lifecycle.
The Socure Solution
Ensuring compliance with rapidly evolving regulatory CIP/KYC and sanctions regulatory requirements is a constant challenge. Socure’s AI-powered compliance solution provides comprehensive data coverage, precise identity verification, continuous monitoring, and powerful operational tools to help organizations stay compliant. Key features include:
Comprehensive data coverage
Comprehensive data coverage
• Access hundreds of diversified authoritative data sources for the most complete view of consumers and digital identity risk
• Ensure precise identity verification, especially for Gen Z and new-to-country consumers
• Make confident decisions using proprietary cross-industry feedback data of billions of known good and bad transaction outcomes
Precise and accurate digital identity verification
Precise and accurate digital identity verification
• Ensure robust compliance operations with our proprietary machine learning for automated decision-making, reducing false positives, and achieving substantial efficiency gains
• Conduct intelligent risk assessments using contextual information, including addresses, transaction history, and relationship networks
• Minimize biases inherent in legacy solutions with our inclusive identity verification
Continuous sanctions compliance
Continuous sanctions compliance
• Receive real-time alerts for any shifts in customer status that require immediate compliance actions
• Daily OFAC, politically exposed person (PEP), and adverse media updates
• Eliminate periodic manual batch file updates
Efficient business management tools
Efficient business management tools
• Adjust risk parameters and no-code configuration of customer decision flows through a user-friendly interface
• Streamline case management to reduce manual review time, expense, and dispositioning
• Demonstrate regulatory compliance confidently with interactive reports, data, and visualizations
Product highlights
Socure’s comprehensive compliance solution equips organizations with robust capabilities to streamline CIP and KYC processes, while fortifying defenses against fraud, synthetic identities, sanctions violations, and other compliance risks. By unifying powerful features within a single integrated platform, Socure empowers businesses to confidently verify identities, maintain continuous compliance, counter evolving threats, enhance operational efficiencies, and deliver a superior customer experience.
Socure Wins Datos Insights’ 2024 Best Digital Identity Verification Innovation Award
Socure Verify
Leverage non-documentary Customer Identification Program (CIP) verification to confidently identify high versus low-risk customers, ensuring precise risk assessment without impacting good customers.
Global Watchlist Screening
Maintain uninterrupted CIP/KYC compliance with AI-powered watchlist screening and automated monitoring, coupled with real-time alerts and streamlined case management.
eCBSV
Greater assurance for high-risk customers by validating name, SSN, and DOB with the issuing authority, reinforcing CIP/KYC compliance and countering synthetic identity fraud.
Predictive DocV
Authenticate government-issued IDs quickly using cutting-edge document verification and facial biometrics, meeting stringent CIP compliance requirements to onboard more new customers on the first attempt.
Decisioning
Drive operational efficiency with our no-code hosted platform, aligning policies with real customer data, automating decision-making processes, and providing demonstrable controls.
Portfolio Scrub
Conduct comprehensive identity fraud and CIP/KYC compliance risk assessments within existing accounts to detect synthetic identities, third-party fraud, and account takeover fraud to maintain accurate customer records and mitigate compliance risks.