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Socure
by Socure
by Socure
Profile Information Last updated on: 22 July 2024
Profile Information Last updated on: 22 July 2024
We help make selecting a software for your business effortless, economical and efficient.
by Socure
by Socure
Profile Information Last updated on: 22 July 2024
Profile Information Last updated on: 22 July 2024
Socure is a leading provider of digital identity verification and fraud prevention solutions, leveraging advanced artificial intelligence (AI) and machine learning (ML) to deliver highly accurate real-time identity verification. The company's flagship product, the Socure ID+ platform, utilizes a comprehensive identity graph that integrates data from various identity elements such as email, phone, address, IP, and device attributes. This approach maximizes accuracy, reduces false positives, and eliminates the need for disparate products. Socure's technology is designed to streamline customer onboarding, enhance compliance with regulatory requirements, and significantly reduce fraud, making it a preferred choice for businesses across various industries. Founded in 2013 and headquartered in Incline Village, Nevada, Socure has grown rapidly, serving over 2,400 top enterprises, including major financial institutions, government agencies, fintech companies, and e-commerce platforms. The company has been recognized for its innovative solutions, winning the "Best Identity Verification Solution" award in the FinTech Breakthrough Awards for three consecutive years. Socure's products include hyper-accurate document verification, biometric verification, and predictive risk scoring, all of which contribute to its reputation for delivering industry-leading accuracy and efficiency in identity verification.
Socure uses AI and ML to provide accurate identity verification and fraud prevention solutions. Their flagship product, Socure ID+, uses a graph-defined platform to identify genuine users and detect fraud. This technology reduces false positives and improves auto-approval rates. Socure's inclusive approach covers underserved populations, making it a leader in the industry.
Seller
Socure
HQ Location
Incline Village, Nevada, USA
Company Website
https://www.socure.com/
Contact
+1 8669329013
Year Founded
2012
Compliance Management
Process/Workflow Automation
Risk Assessment
BSA Compliance
Biometrics
Identity Verification
Financial Risk Reporting
Custom Fraud Rules
How is Socure in terms of value for money?
for my 10000 people companyHow is Socure in terms of ease of use?
for my 10000 people companyEnglish
Where does Socure have offices in GCC?
Not available
Who are Socure customers in the Middle East?
Not available
What is the local address?
Not available
Is Socure available in Arabic?
No
Do Socure platforms use AI? And where?
Socure platforms use Artificial Intelligence (AI) in identity verification and fraud prevention solutions. They use AI for real-time predictive analytics, detecting third-party and synthetic identity fraud. Socure ID+ uses machine learning to predict identity fraud, while Sigma Identity Fraud analyzes consumer identity dimensions to maximize auto-approvals and minimize fraud risk. DocV uses computer vision, machine learning, and AI to detect fake IDs and ensure trusted digital identity decisions. Sigma Synthetic Fraud uses AI to predict and prevent synthetic fraud. Email RiskScore models are enhanced using generative AI, while document verification uses generative AI for 'good'. Global Watchlist Screening and Monitoring uses AI and machine learning to screen financial institutions against sanction lists and PEP databases, improving sanctions screening accuracy and reducing false positives.
What AI does Socure use? Chat GPT, etc?
Not available
Is Socure a web 3 company?
No
Are there any web 3 components?
No
By Socure