Tagged: socure

Socure Report Describes “Digital Ghosts” – No Credit History or Financial Footprint

Socure, a provider of artificial intelligence for digital identity verification, sanction screening and fraud prevention, today unveiled research study findings revealing that 35% of Gen Zers in the U.S. and nearly one-third of legal immigrants are “Digital Ghosts.” A Digital Ghost has little to no… Read More

Regtech Socure, the Provider of AI for ID Verification Solutions, Releases Report Focused on State of Digital Identity

Socure, the provider of artificial intelligence for digital identity verification, sanctions screening, and fraud prevention, today released a new report titled, “The State of Digital Identity in 2024”, in partnership with The Center for Digital Government. According to the Government Accountability Office, the federal government… Read More

Regtech Socure Releases Document and Biometric Identity Fraud Report

Socure, the provider of artificial intelligence for digital identity verification, sanction screening, and fraud prevention, released its inaugural Document and Biometric Identity Fraud Report, detailing the rampant use of fake government-issued IDs and the techniques used to fool legacy document verification systems. According to the… Read More

Regtech Socure, the Provider of AI for Digital Identity Solutions, Updates Document Verification Services

Socure, the provider of artificial intelligence for digital identity verification, sanction screening, and fraud prevention, launched its next generation Document Verification (DocV) solution, purpose-built “to tackle the rash of stolen identities, spoofing, and highly sophisticated deepfake attacks that are accelerating in their complexity across nearly… Read More

Socure Teams Up with Open Banking Fintech Trustly

Socure, a provider of artificial intelligence [AI] for digital identity verification,  and Trustly, an Open Banking payments provider, today announced a partnership to offer merchants and Fintechs a streamlined onboarding and guaranteed Pay by Bank solution. This integration allows merchants, especially in industries “that require… Read More

Socure, the Provider of AI for Digital ID Verification, Introduces Identity Fraud Solution Suite

Socure, the provider of artificial intelligence for digital identity verification, sanction screening, and fraud prevention, launched a fully integrated, internally developed, identity fraud solution suite that fuses personal identifiable information (PII) validated by thousands of data sources, real-time network and anomaly detection, “with digital and… Read More

Socure, the Provider Digital Identity Verification, Reportedly Eliminated 204K+ Synthetic Identities from US Economy in 2023

Socure, the provider of artificial intelligence for digital identity verification, sanction screening, and fraud prevention, announced that it has eliminated 204,536 synthetic identities from the U.S. economy in 2023 to date. The company’s Sigma Synthetic Fraud solution has reportedly “prevented more than $3 billion in… Read More

Regtech Socure, the Provider of AI for Digital Identity Verification, Announces Key Update

Socure, the provider of Artificial Intelligence for digital identity verification, sanction screening and fraud prevention, announced its Socure ID+ platform has achieved the “In Process” designation from the Federal Risk and Authorization Management Program (FedRAMP) and is now “listed on the FedRAMP Marketplace.” Socure’s ID+… Read More

Regtech Socure Introduces Synthetic Fraud Solution

Socure, the provider of Artificial Intelligence for digital identity verification, fraud prevention, and sanctions screening has launched Sigma Synthetic Fraud v4. The product uses advanced machine learning and diverse, third-party and network feedback data “to uncover patterns linked to insidious synthetic identity fraud.” The Deloitte… Read More

Regtech Socure Launches First-Party Fraud Solution and Consortium, Joined by SoFi, Green Dot, Varo, Ingo, Public

Socure, the provider of digital identity verification and fraud solutions, introduced its first-party fraud solution, Sigma First-Party Fraud, powered by the concurrent launch of its First-Party Fraud Consortium (FPFC). The consortium is unifying companies “to tackle the complicated, multi-industry issue of first-party fraud by pooling… Read More

Digital Identity Verification Firm Socure Reports Steady Revenue Growth, Appoints New CFO

Socure, the provider of digital identity verification and fraud solutions, has achieved 376% revenue growth from 2019 to 2022 and appointed seasoned technology professional Aaron Barfoot as the company’s new Chief Financial Officer to help drive Socure’s next phase of growth. Barfoot reportedly “brings over… Read More

Digital Identity: Socure Challenges Government Agencies to Test ID Verification Solution Against Legacy Approaches

Socure, the provider of digital identity verification and fraud solutions, launched “The Socure Identity Challenge” to advance accurate and equitable digital identity verification in government. Federal, state and local government agencies are invited “to take the challenge and learn how new approaches to digital identity… Read More

Digital Identity Solutions: Socure Acquires Berbix, Together Delivering Accurate ID Verification Services

Socure, the provider of digital identity verification solutions, has acquired Berbix, a San Francisco-based startup that developed a high-accuracy document verification solution with a patent-pending forensics engine “able to detect spoofed IDs – including AI-generated fakes – that are visually indistinguishable to the human eye.”… Read More

Digital Identity: Socure Makes Progress Toward Helping Governments Deliver Inclusive ID Verification

Socure, the provider of digital identity verification and fraud solutions, announced today that its Socure ID+ platform has been added to the State Risk and Authorization Management Program’s (StateRAMP) Progressing Product List after illustrating the core regulatory and industry-defined requirements for StateRAMP compliance. Socure is… Read More

Digital Identity: Socure, an ID Verification and Fraud Solutions Provider, Releases Guidelines for CIOs, CTOs

Socure, the provider of digital identity (ID) verification and fraud solutions, released a guide for state and local Chief Information Officers (CIOs), Chief Technology Officers (CTOs), and Chief Information Security Officers (CISOs) “to establish effective digital ID programs for their constituents.” During the pandemic, the… Read More

Carahsoft Announces Identity Offering Powered by Okta, Socure to Fight Identity Fraud in Public Sector

Carahsoft Technology Corp., The Trusted Government IT Solutions Provider, announced that its vendor partners Okta, the independent identity partner, and Socure, the  provider of digital identity verification and fraud solutions are offering Federal, State, and Local Government agencies identity management and verification technologies “to help… Read More

Digital Identity Firm Socure Appoints Ayesha Prakash to Accelerate Adoption of ID Verification Standards

Socure, the provider of digital identity verification and fraud solutions,  announced that Ayesha Prakash has joined as head of public sector partnerships. Prakash will “report to Matt Thompson, Socure’s general manager of public sector solutions.” As more government services move online, Socure’s digital identity experts… Read More

Socure Secures $95M Credit Facility with J.P. Morgan, Silicon Valley Bank, KeyBanc Capital Markets

Socure, the provider of digital identity verification and fraud solutions, announced it has entered into a $95 million, three-year credit facility with J.P. Morgan, Silicon Valley Bank, and KeyBanc Capital Markets. This line of credit will further strengthen the company’s financial position as it “continues… Read More

Alloy Introduces “Partner Center” to Offer Transparency into Partnerships and to Empower Clients to Improve Risk Decisions

Alloy, the identity decisioning platform for banking institutions and Fintech firms, has announced the launch of its Partner Center, a dedicated resource for customers to gain “more transparency into its partner integrations.” Via the Partner Center, Alloy brings the best tech and data providers into… Read More

Digital Identity Verification Provider Socure Finalizes $450M Round at $4.5B Valuation

Socure, the provider of digital identity verification and fraud solutions, has confirmed its oversubscribed $450M round at a $4.5B valuation from various growth equity and public market investors. Socure achieved a $4.5B valuation only seven months after its $1.3B Series D investment round, on the… Read More