Case Studies
Need more reasons to switch to Socure for your identity verification needs? Be inspired by our customers.
CASE STUDY | PERSONAL FINANCE
Astra, an innovative automation platform that helps consumers manage their finances found early indications that fraudsters were attempting to misuse their platform. To mitigate the associated risk, they introduced a default limit of $100 on all money movement transactions which limited the utility of the automated routines for consumers. To address the situation properly, Astra had to answer a question plaguing the overall fintech market — How do we raise limits to improve usability without opening the door for more fraud?
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CASE STUDY | INVESTMENTS
As part of the micro-investment advisor’s goal to simplify investing,
they recognized the importance of providing a simple, frictionless
user experience from account opening through account usage. The
company quickly realized that verifying the identities of new account applicants was particularly challenging.
CASE STUDY | ONLINE BANKING
Two co-founders launched a leading US Challenger Bank in 2013 to make banking better for all consumers. While they attracted many new members, they quickly realized that many good customers were being turned away or dropping out of the application process due to a cumbersome identity verification process.
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CASE STUDY | INTERNATIONAL MONEY TRANSFER COMPANY
Just as the financial landscape has been transformed by the Internet, so has fraud. Financial institutions now struggle with identifying the “faceless customer,” or the consumer behind the screen.
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CASE STUDY | DIGITAL LENDING COMPANY
Not unexpectedly, along with this online lender’s massive client growth came an increase in new account fraud attempts. The company had a suite of tools in place, including a device intelligence solution with a large known device network and a top 3 credit bureau with a widely used identity verification solution.
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