Socure is the leader in digital identity verification. Its technology applies machine-learning techniques with biometrics and trusted online/offline data intelligence from email, phone, IP, social media and the broader Internet to power next-generation multi-factor authentication in real-time.
Socure bolsters CIP/KYC programs and AML compliance for enterprises in the US, and powers financial inclusion verifying identities in over 180 countries, helping them to combat identity fraud, prevent account takeover, and increase consumer acceptance.
The company patented the Social Biometrics™ Platform, which uniquely combines data across all major social networks, trusted online data, offline identity verification sources and open Internet data.
ID+ for consumer verification can assess if a customer is real or fake at registration, login or time of payment. The system materially reduces fraud rates as well as both false positives and negatives for enterprises around the world. Socure also acts as an acceptance service helping businesses on-board the younger ("millenial") and un-banked/under-banked customers who would ordinarily be rejected by conventional identity verification methods.
Socure piloted its solutions with financial institutions, remittance and payment companies, shared economy marketplaces and e-commerce sites. The company has since established global channel partnerships with credit bureaus, identity verification vendors and other solution providers.
The Socure Social Biometrics™ Platform helps to combat the $48 billion in annual losses to businesses due to account takeover and identity-related fraud, with ID+ for Consumer Verification and Perceive (Beta) for remote facial biometrics to enable real-time transaction verification.