NEW YORK – May 12, 2020 – Socure, a leader in Day Zero digital identity verification, today announced it has been recognized in the April 24, 2020 Cool Vendors in AI for Banking and Investment Services report by Gartner, Inc.
The report identifies Socure as a Cool Vendor. It states, “Banks are optimizing operations via usage of AI technologies such as deep learning, predictive analytics and natural language processing. Technology and service providers in banking and investment services developing tools using AI methods should observe the selected vendors for disruptive ideas.” Specifically, the Gartner report recognizes vendors that “…are helping optimize operations at banking and investment services by assisting a wide number of organizations — including small and midsize banking and investment services institutions — in reducing cost, increasing revenue, improving customer experience and more.”
The Socure ID+ identity verification platform applies artificial intelligence and machine learning with trusted online and offline data intelligence to calculate an actionable “trust score” for digital identities in less than a second. It also provides users with a detailed explanation as to how it came to its conclusions, enabling financial institutions to have much greater confidence in their fraud protection programs, reduce the need for manual reviews, and optimize their resources.
“We are honored to be named a Gartner Cool Vendor for our use of AI and machine learning, which is the core of our business,” said Tom Thimot, CEO, Socure. “By utilizing advanced data science and machine learning techniques, we are able to improve the overall identity verification performance and user experience for banking and other financial institutions, as well as their customers.”
For more information about Socure and the ID+ identity verification platform, visit www.socure.com.
Gartner Disclaimer: Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s Research & Advisory organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.