Socure Company Research Report

Company Overview

• Name: Socure

• Mission: Socure's mission is to verify 100% of good identities in real-time and completely eliminate identity fraud on the internet.

• Founded: No information is available.

• Founders: No information is available.

• Key People: Johnny Ayers, Founder and CEO

• Headquarters: 885 Tahoe Blvd., Suite 1, Incline Village, Nevada 89451, US

• Number of Employees: No information is available.

• Revenue: No information is available.

• Notable for: Socure is known for being the leading platform for digital identity verification and trust. It employs predictive analytics paired with artificial intelligence and trusted data intelligence to verify identities in real time.

Products

The Socure ID+ Platform

• Description: A complete suite that powers identity, fraud, AML (Anti-Money Laundering), and trust decision-making processes.

• Key Features:

• Real-Time Risk Decisioning: AI-driven insights for immediate risk assessments throughout the customer lifecycle.

• Fraud, Risk & Authentication: Offers solutions including PII Verification, Sanctions, KYC (Know Your Customer), and Document Verification.

SocureID

• Description: The core technology layer that supports all Socure solutions.

• Key Features:

• Dynamic Identifier: SocureID evolves and appends new insights with each interaction to enhance identity certainty.

• 360-Degree View: Provides a comprehensive view of identity to improve accuracy and fraud detection.

Predictive Document Verification (DocV)

• Description: A solution that delivers hyper-accurate and instantaneous document and biometric verification.

• Key Features:

• Fast Processing: Completes over 95% of verifications in under 2 seconds.

• Fraud Detection: Detects deepfakes and fraudulent identities using advanced technology.

Sigma Identity Fraud

• Description: An identity fraud prevention solution integrated with predictive signals across various risk dimensions.

• Key Features:

• Cross-Dimensional Analysis: Cross-analysis of PII, digital, and behavioral risks to prevent identity fraud.

Sigma Synthetic Fraud

• Description: Solution for detecting synthetic identity fraud using high-quality data and machine learning.

• Key Features:

• Pattern Detection: Uncovers complex fraud patterns related to synthetic identities.

RiskScores (Email, Phone, Address)

• Description: Scores that predict risk levels associated with emails, phone numbers, and addresses.

• Key Features:

• Comprehensive Coverage: Distinguishes between legitimate interactions and fraud.

Recent Developments

• Gartner Recognition: Socure was named a Leader in the 2024 Gartner® Magic Quadrant™ for Identity Verification.

• Acquisition: Socure acquired Effectiv, a move that unveiled the market’s first unified identity, fraud, and risk decision engine.

• Product Enhancement: The acquisition of Effectiv allows Socure to integrate solutions for comprehensive real-time decisioning with flexibility for third-party integration.

• Strategic Advancement: The combination with Effectiv enhances Socure's capability to tackle more complex fraud, risk, and trust challenges across various sectors and events in the customer lifecycle.

Note: Information that was not found or available in the dataset has been marked as "No information is available."