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SolutionsSocure's versatile identity verification solutions tackle a wide spectrum of challenges, from onboarding and beyond.
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ProductsFraud & RiskComplianceID + BiometricAccount IntelligenceExplore the future of identity verification and trust with our comprehensive suite of AI-powered products.Fraud & RiskComplianceID + BiometricAccount IntelligenceSigma Identity Fraudfor the most accurate third-party fraud detection leveraging a 360° view of digital identityPhone RiskScoreto instantly predict risk and verify phone ownershipSigma Synthetic Fraudfor uncovering complex manipulated and fabricated synthetic identity fraudAddress RiskScoreto instantly predict the risk connected with physical addressesSigma First-Party Fraudfor minimizing early payment default, bad faith dispute abuse, and chargeback lossesDigital Intelligencefor passively verifying user devices behavioral biometrics to to detect fraud and improve UXEmail RiskScoreto instantly predict risk and verify email ownershipPortfolio Scrubreveal compliance and fraud risks in your existing customer accountseCBSVfor instantly verifying a consumer-provided name-DOB-SSN match with the SSASocure Verify Plusfor precise, accurate, and inclusive identity verificationGlobal Watchlist Screening with Monitoringfor sanctions screening, PEP, and adverse media risk managementDeceased Checkfor validating deceased identities at any point in the user lifecyclePredictive DocVfor quick and accurate ID document and biometric verification with liveness detectionSocure Acccount IntelligenceVerify bank account ownership and status with inclusive, instant resultsGet customized strategies from our experts to drive your success. Start now.Get a Demo
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Public SectorSocure empowers governments to combat identity fraud while ensuring equitable access to public services. Our AI-driven platform delivers unparalleled accuracy in identity verification, helping agencies stop fraudsters without compromising access for underserved populations.
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ResourcesDive into Socure's resource center to access expert insights on identity verification and fraud prevention through eBooks, reports, articles, infographics, and our blog. Stay ahead with innovative strategies from industry leaders.
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CompanyLearn more about the award-winning people and technologies that power Socure.
Socure Named Best Identity Verification Solution in FinTech Breakthrough Awards for Second Consecutive Year
Socure Wins Honor in Best Identity Verification Solution Category as it Further Solidifies Identity Verification Market Leadership
INCLINE VILLAGE, NV – March 28, 2023 – Socure, the leading provider of digital identity verification and fraud solutions, today announced that it has been selected as the “Best Identity Verification Solution” in the seventh annual FinTech Breakthrough Awards program. This is the second year in a row that Socure has been honored in the awards program conducted by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies, and products in today’s global FinTech market. Socure’s graph-defined identity verification and fraud platform, Socure ID+, won against a highly competitive field of new and legacy providers and was judged against the following criteria: innovation, impact, value, performance, and ease of use.
The FinTech Breakthrough Awards is the premier awards program founded to recognize the FinTech innovators, leaders and visionaries from around the world in a range of categories, including Digital Banking, Personal Finance, Lending, Payments, Investments, RegTech, InsurTech and many more. The 2023 FinTech Breakthrough Award program attracted more than 4,000 nominations from across the globe.
“Socure’s breakthrough approach to identity verification sets a new standard in the FinTech industry, and we are thrilled to name them the winner of our ‘Best Identity Verification Solution’ award in the 2023 FinTech Breakthrough Awards,” said James Johnson, Managing Director at FinTech Breakthrough. “The company’s use of advanced artificial intelligence and machine learning to verify identities in real-time is a game-changer for the financial services industry, promising to completely transform the way organizations all over the world approach identity verification.”
Socure’s mission is to verify 100% of good identities and eliminate identity fraud for every applicant on the internet. Its identity verification solution delivers the most accurate results in the industry:
- Socure KYC delivers a multi-dimensional view of a customer through patented AI and ML technology that leverages automated data ingestion and cleansing from hundreds of authoritative data sources to arrive at a single best-matched entity. Socure’s proprietary database of cross-industry customer feedback data contains more than 8 billion records tied to over 1 billion known good and bad identities providing the highest assurance available. Socure delivers industry-best pass rates of up to 98% for mainstream populations, and up to 94% for hard-to-identify populations such as Gen Z, millennial, credit invisible, thin-file, and new-to-country ensuring inclusive access for all.
- Socure’s Sigma Identity Fraud captures 85%-90% of fraud in the top 3% of riskiest users and reduces false positives by more than 13X compared to legacy solutions.
- Socure’s Sigma Synthetic Fraud model significantly outperforms any competitor by identifying more than 53% of synthetic fraud in just the riskiest 1% of users—with a false positive rate of 1:1 or better
Socure is the essential platform for instant identity verification and fraud detection at scale. One of the largest and most influential B2B research and analyst firms in the world named Socure a Leader (only one of three) in its inaugural Forrester Wave™ Identity Verification Solutions Report, Q4 2022.
To learn more about Socure’s ID+ Platform, click here.
About FinTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for technology innovation and leadership around the globe, the FinTech Breakthrough Awards program is devoted to honoring excellence in Financial Technologies and Services companies and products. The FinTech Breakthrough Awards provide public recognition for the achievements of FinTech companies and products in categories including Payments, Personal Finance, Wealth Management, Fraud Protection, Banking, Lending, RegTech, InsurTech and more. For more information visit FinTechBreakthrough.com.
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