Socure | LinkedIn (original) (raw)

Software Development

Incline Village, Nevada 28,407 followers

The leading provider of digital identity verification and fraud solutions.

About us

Socure is the leading platform for digital identity verification and trust. Its predictive analytics platform applies artificial intelligence and machine learning techniques with trusted online/offline data intelligence from email, phone, address, IP, device, velocity, and the broader internet to verify identities in real time. The company has more than 2,000 customers across the financial services, government, gaming, healthcare, telecom, and e-commerce industries, including four of the top five banks, seven of the top 10 card issuers, three of the top MSBs, the top payroll provider, the top credit bureau, the top online gaming operator, the top Buy Now, Pay Later (BNPL) providers, and over 250 of the largest fintechs. Marquee customers include Chime, SoFi, Varo, Robinhood, Public, Stash, Gusto, and DraftKings. Socure customers have become investors in the company including Citi Ventures, Capital One Ventures, MVB Bank, and Synchrony. Additional investors include Accel, T. Rowe Price, Bain Capital Ventures, Tiger Global, Commerce Ventures, Scale Venture Partners, Sorenson, Flint Capital, Two Sigma Ventures, and others. Socure has received numerous industry awards and accolades, including named to the 2021 & 2022 Forbes Cloud 100 List, Forbes’ Fintech 50 List 2021, and Forbes’ America’s Best Startup Employers 2021, being named to CB Insights: The Fintech 250 for the third year in a row, being awarded Best New Technology Introduced Over the Last 12 Months—Data and Data Services at the 2020 American Financial Technology Awards (AFTAs), being ranked number 70 in Deloitte’s Technology Fast 500™, being listed as a Gartner Cool Vendor, being recognized by Forbes as one of the Top 25 Machine Learning Startups to Watch, being awarded Finovate’s Award for Best Use of AI/ML, to name a few. Founder/CEO Johnny Ayers has also been recognized by Goldman Sachs as one of the 100 Most Intriguing Entrepreneurs of 2021 and as an EY Entrepreneur of the Year 2022.

Industry

Software Development

Company size

501-1,000 employees

Headquarters

Incline Village, Nevada

Type

Privately Held

Founded

2012

Specialties

Fraud Detection, Anti-Money Laundering, Document Verification, Know Your Customer, Identity Verification, Synthetic Identity Fraud Capture, Synthetic Identity Fraud , KYC, AML, CIP, Digital Trust, Fraud Prevention, Cybersecurity, Compliance, and Regulations

Locations

Employees at Socure

Updates

Join us in congratulating the winners of Socure’s Principle Awards! 🎉 The bi-annual Socure Principle Awards recognize employees who embody our core principles: 📚 Never stop learning 💙 Be candid 🏅 Compete to win 🔎 Details matter ✨ Act like the owner you are 🤩 Be customer obsessed 🤝 Collaborate selflessly 🚀 Impact more than effort We are grateful to have such a whip-smart, collaborative group of talent on our team | Jason Y. | Jeffrey Kaufman, Esq. | Halle Knoll | Sumit Kumar | Vignesh SivakumarWant to jddxoin us? Learn more about Socure careers here: https://lnkd.in/e9mX5WMq
Underdog, now the fourth most downloaded sports gaming app in the U.S., was challenged by the manual review processes that led to long waiting times for players. It needed a strategic partner to help balance automation and manual intervention, and create global-bank level security for its KYC controls — all so it can onboard more good users faster. This is where Socure comes in. 👉 By partnering with Socure, Underdog implemented global bank-level security for its Know Your Customer (KYC) controls, setting a new standard in the sports gaming industry and ensuring a secure, seamless experience for its rapidly growing user base. Socure helped Underdog achieve: 🚀 A 300% reduction in manual reviews, from 20% to just 5%. 💫 97% auto-decisioning with ID document verification. In the words of Underdog’s VP of Fraud and Payments Karl Gambin, MA, ACAMS, “Underdog prides itself on going above and beyond regulatory requirements, adopting a player-centric approach where the safety and integrity of the platform are constantly at the forefront. Our partnership with Socure has been instrumental in achieving this goal." Read the full case study here 🔗 https://lnkd.in/gtufDuUi
28,407 followers
3d Edited
Exciting news! 🚨 Today we announced the launch of Graph Intelligence, an innovative addition to Socure's identity fraud suite. This new module provides fraud, compliance, and data science teams exclusive access to unique, deterministic signals that reveal how identity attributes connect and evolve across Socure’s vast Network Identity Graph. Graph Intelligence enables organization to: 🌐 Gain direct access to and visualize the intricate web of 1.5 billion PII connections across Socure's vast network. 🔎 Better understand, evaluate, and act on potential risks, particularly in cases of sophisticated fraud rings, as well as synthetic, first-party, and third-party fraud schemes. 🛡️ Quickly adjust thresholds and refine strategies to better align with an organization’s specific fraud landscape. "Because every organization's fraud patterns are unique and dynamic, our customers need both powerful fraud detection capabilities and the ability to understand exactly why certain digital interactions or applications are flagged as risky," said Pablo Y. Abreu Product and Analytics Officer at Socure. "Graph Intelligence bridges this gap by providing unprecedented transparency into the signals that drive our industry-leading risk assessments." Read the news here ➡️ https://lnkd.in/etZ3fcZp
Establishing trust during account opening is crucial, but digital service providers must remain just as vigilant throughout the customer lifecycle. 👀 Institutions have long relied on static identity controls and transaction monitoring that fail to capture the dynamic nature of digital identities and their ever-evolving behaviors — leaving organizations vulnerable to account takeover fraud, payment scams, reputational damage, and substantial financial losses. With Socure’s holistic, dynamic approach to identity and risk management, customers can stay one step ahead of even the savviest bad actors. With Socure’s RiskScores solution, customers can accurately assess the fraud risk of an identity by determining the extent to which provided emails, phone numbers, and physical addresses are both trustworthy and strongly correlated with or owned by the known identity. We’re committed to continuously improving the accuracy of our solutions. Here’s a preview of the latest performance jumps for RiskScores: 📨 Email RiskScore fraud capture rates improved an additional 12%, to 68% at the 5% risk depth. 📞 Phone RiskScore fraud capture rates improved by nearly 17%, to 59.7% at the 5% risk depth. 🏡 Address RiskScore fraud capture rates improved by 12%, to 50.7% at the 5% risk depth. In our fourth installment of Socure’s Outperform Blog series, we're highlighting Socure's commitment to radical transparency in the performance enhancements of our solutions — and the tangible benefits this brings to our customers. Read the blog here 👉 https://lnkd.in/gbGSNNfm
Socure reposted this

Chief Revenue Officer @ Socure | Former Founder & President @ ID.me | 11 Years US Army, Special Operations Officer | 15 Years Supporting Government with Building Trust in Online Identity | x CapOne & x IDEMIA
6d
On this Veterans Day, I wanted to share some reflections: The military teaches you selfless service and dedication to protecting others. Most people see obvious applications in fighting enemies overseas, but don't realize the military mindset and core values of veterans don't end with their service. Take me for example. When I got out of the military in 2008, so many incredible companies were trying to do good things for members of the military and veteran community - whether it was discounts, or employment opportunities, or special benefits offered exclusively to people who served. But back then, there really wasn't any way to prove you had served if you weren't in for a full 20 year career. There wasn't an emblem added to your drivers license like we have today in most states. And I was shocked to learn there was a real issue with "Stolen Valor" - people pretending to have served in the military to take advantage of the goodwill. I know, right? My first use case in co-founding ID.me was tackling the issue of stolen valor and making it easier for people who legitimately served to access benefits and services. I share that story to demonstrate that the military continues to influence what I'm doing as a civilian to this day. And I know a lot of other veterans out there are doing the same. Protecting and serving in whatever civilian job they are working, continuing to bring all the things they learned in the military to make America the amazing country that it is. So first, I want to say thank you to all the veterans out there. Not only for your service while you in the military, but for continuing to bring your A-game every day in civilian life. And second, to all of you with veterans as family, friends, and colleagues, this is the day to reach out and tell them you see them, you appreciate them, and you love them. Happy Veterans Day!
The Hawaii Digital Government Summit is almost here! 🌺 🏛️ 🌐 The summit is an opportunity to connect with peers from government and industry sectors and share ideas, best practices, and technology trends shaping the future of government services in Hawaii. Socure will be there to chat about the latest in digital identity verification and fraud prevention. Don't miss out on this chance to contribute to Hawaii's technology landscape. Check out the event page for more details and to register: https://lnkd.in/e2QV3QMK
Hawaii Digital Government Summit 2024 events.govtech.com
Financial institutions need more than traditional identity verification; they require adaptive identity-risk management that secures each step of the customer journey. Join us next Thursday for an in-depth session featuring insights from Forrester’s Andras Cser, as we explore how to dynamically adjust to varying points in the consumer lifecycle. Discover how identity verification and fraud prevention create a synchronized defense, allowing financial institutions to stay ahead of complex and emerging fraud threats with ease. Key Takeaways: 👉 Identity Control: Learn how to implement adaptive identity-risk management at critical moments in the customer journey. 👉 Dynamic, Contextual Defense: Explore best practices for applying real-time risk measures based on the type of consumer interaction. 👉 Proactive Fraud Prevention: Understand how to detect and prevent sophisticated fraud tactics across the consumer lifecycle with AI. Register for the webinar here 🔗 https://bit.ly/4hB2d0S
28,407 followers
1w Edited
Big news today: Socure has officially closed the acquisition of Effectiv, a real-time AI risk decisioning platform with a strong track record delivering risk strategies to banks and fintechs. But what does this mean? 👇 This creates the market’s first unified identity, fraud, and risk decision engine. The deal pairs Socure's best-in-class digital identity verification and fraud solutions with a developer-friendly AI orchestration and decisions – a combination of technology not held by a single competitor, and one that will elevate the way the market combats fraud and verifies identities across the entire customer journey. This looks like: ⚙️ Building your own identity stack: Fraud patterns can change in an instant, with fraudsters doubling down on single organizations or entire market segments driving a need for fraud solutions with flexibility and customization. Users can now access a simple low or no-code interface to drag-and-drop solution combinations and workflows rapidly that tackle changing fraud patterns and customer risk acceptance distinct to their business needs. 🚀 Easier implementation and faster time to value: With the Effectiv platform, Socure introduces a combination of prepackaged solutions and workflows, as well as the ability to configure and test new rules and analytics. This reduces the time to implement new solutions and gain value with immediate revenue as customer acceptance and reduced friction take hold. We are thrilled to welcome the Effectiv team to the Socure family! Learn more here: https://lnkd.in/gM4zVUhj
Student data threats are on the rise, yet many higher education institutions are stuck with outdated, manual identity verification processes. These legacy systems not only open the door to security risks, but also burden staff and frustrate students. With growing concerns around fraud and managing "ghost students," it's time for a smarter approach to campus security. Join the Center for Digital Education and Socure's VP & General Manager of Public Sector Jordan Burris for a webinar that dives into our latest findings from a survey of higher education cybersecurity leaders. In this session, you’ll explore the latest trends and strategies helping universities cut risk, streamline operations, and create a better, safer experience for students. Watch the webinar to: ✅ Understand where universities are falling behind in digital identity – and how to close the gap. ✅ Learn the key difference between outdated and secure and outdated verification methods, and what makes for a seamless student experience. ✅ Discover how modern tools – like AI and automation – can reduce manual work, boost security, and safeguard your campus from fraud. Register for the webinar here: https://bit.ly/40BeAUu
Protect Your Campus and Your Students: Strengthening Your Digital Identity Verification Strategy webinars.govtech.com
28,407 followers
1w Edited
Our three-day offsite in October was an incredible journey of teamwork, resilience, and celebration — even with unpredictable weather trying to get in the way! 🌧️🌈 Despite heavy rains, we managed to create a memorable experience that brought our teams even closer together. Having the Effectiv team with us from the UK, including co-founder Jonathan Doering, strengthened the camaraderie that drives us all forward. This offsite will surely be remembered by everyone who attended, and it reinforces Socure's commitment to fostering a supportive, collaborative, and celebratory work environment. Here’s to more moments like this! 🎉

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Socure | LinkedIn (original) (raw)

Software Development

Incline Village, Nevada 28,407 followers

The leading provider of digital identity verification and fraud solutions.

About us

Locations

Employees at Socure

Updates

Join now to see what you are missing

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