Identify Real People in Real Time

Socure Demo, BankAI 2019

Founded:

2013

Company Website:

www.socure.com

Product Name:

Socure

Company Description:

Socure is the leader in high-assurance digital identity verification. The company’s predictive analytics platform applies artificial intelligence and machine learning to trusted online/offline sources including email, phone, address, IP address, social media and traditional GLBA/DPPA data to authenticate identities in real-time. The Socure ID+ platform reduces fraud by up to 90 percent, lowers manual review/knowledge-based authentication (KBA) rates by as much as 80 percent, and automates Customer Identification Program (CIP), Know Your Customer (KYC) and anti-money laundering (AML) compliance initiatives.

What does your product solve?

Socure's ID+ captures third party and synthetic identity fraud while reducing false positive rates. It also increases auto-acceptance rates dramatically, thereby reducing the need for manual review. ID+ integrates easily quickly and easily with many existing platforms through the use of a single, RESTful API.

Best Success Story:

Socure implemented ID+ for a Top 10 Credit Issuer and reduced their fraud BY 85%. This saved the customer from more than $50M in fraud losses.

What makes your company or product great?

Socure is the leader in high-assurance digital identity verification. The company’s predictive analytics platform applies artificial intelligence and machine learning to trusted online/offline sources including email, phone, address, IP address, social media and traditional GLBA/DPPA data to authenticate identities in real-time. The Socure ID+ platform reduces fraud by up to 90 percent, lowers manual review/knowledge-based authentication (KBA) rates by as much as 80 percent, and automates Customer Identification Program (CIP), Know Your Customer (KYC) and anti-money laundering (AML) compliance initiatives.