Socure

🎉 Breaking news: Socure named one of the world’s top fintech companies by CNBC! 🚀 In our relentless pursuit to revolutionize digital trust across the fintech landscape, we've hit another major achievement! 🏆 We’re honored to be chosen out of the more than 2,000 companies evaluated across 9 market segments for the World’s Top 250 Fintech Company list by CNBC. This recognition validates the importance of our mission to verify 100% of good identities and eliminate identity fraud, and we’re proud to stand among the industry’s leading brands. 💡 We’d also like to congratulate our customers who made the list! We’re grateful to our incredible team, partners, customers and investors: Your passion and dedication made this possible as we band together to fight financial crime. What's next? Stay tuned as we continue to push boundaries and redefine what's possible in digital identity verification. Read the news here: https://bit.ly/3WlxU5T #CNBCTop250 #FinTech

🚨 Socure is hosting an exclusive dinner on August 26 in Charlotte, NC to discuss the recently proposed FinCEN-issued rule. Socure’s VP of Compliance Deb Geister will facilitate an important conversation on how to tackle new FinCEN rules to strengthen AML/CFT Programs with a shift from procedural compliance to demonstrating effective risk mitigation strategies tailored to institutional risk profiles. Discussion topics will include: 🌐 How regulators and bankers can align to create a common framework and language around these evolving requirements. ⚖️ Addressing the delicate balance between strengthened AML/CFT activity and customer friction. ⏳ Tackling operational challenges and optimizing processes for efficient compliance. 🔎 Advocating for clearer standards and definitions through collaborative efforts within the industry that will ultimately ensure equitably across the financial sector. Your insights and expertise are crucial in shaping the future of compliance within the financial sector. This is an event you won’t want to miss — request to reserve your seat here 👉 https://bit.ly/3AfcnmF

Shout out to PYMNTS for covering the exciting launch of Socure’s new Selfie Reverification capabilities! 👏 In today’s digital environment, identity verification isn't a one-time event. As online interactions evolve, so do risk profiles. That's why we're unveiling Selfie Reverification — which has the ability to match an incoming selfie with the previously verified ID headshot photo submitted during onboarding in under 2 seconds with a 99.9% true match rate. Read the article here: https://bit.ly/3ynfGrz To learn more about Socure’s hyper-accurate document verification solutions, visit https://bit.ly/3YG4n8A.

🚀 Introducing Socure's Selfie Reverification: Powering trust and risk decisions across the digital economy with near-perfect 99.9% true match rate for instant identity reverification In today's dynamic digital landscape, identity verification isn't a one-time event. As online interactions evolve, so do risk profiles. That's why we're thrilled to unveil Selfie Reverification — which has the ability to match an incoming selfie with the previously verified ID headshot photo submitted during onboarding in under 2 seconds with a 99.9% true match rate. 🔍 Selfie Reverification leverages DocV's Deepfake Selfie Detector. The Socure data science team generated hundreds of thousands of carefully curated deepfake samples using more than 20 different AI generators to ensure a data set with a range of body shapes, ages, skin tones, postures, lighting conditions, backgrounds, and ethnicities. These deepfakes train Socure’s selfie models to thwart spoofing attacks with incredible precision. Biometric analytics assess >80 facial landmarks, such as eye distance, nose width, jawline contours, and emotional expression, to create and verify a facial map to ensure accurate matching. Why it matters: ⚡Re-validates trust of returning consumers instantly ⚡Crucial for preventing account takeover and securing high-value transactions and government services ⚡Integrates “liveness” detection to prevent sophisticated spoofing For B2C organizations and government agencies, Selfie Reverification offers best-in-class accuracy and ensures a positive customer experience, while mitigating fraud, and lowering opex costs with fewer manual reviews. 👀 Read the news here: https://bit.ly/4dffhGK

California needed to deliver nearly $1 billion in COVID-19 mortgage relief funds to low- and moderate-income California homeowners. Yet California couldn't get started without safeguarding the program from identity thieves. Socure stepped in and provided fast and accurate identity verification for California homeowners. Socure's automated solution positively verified the identity of applicants nearly 94 percent of the time. Without Socure, government staff would have had to spend 5-10 min verifying each applicant’s identity. "If you extrapolate that to the entire population of applications, we are talking about thousands of hours of manual review that has been eliminated by the solution." — Stephen Johnson, Director of Finance for the California Mortgage Relief Program Read more on how we delivered for California in a new article from Government Technology https://lnkd.in/eXqAGcim

With an estimated $13 billion lost annually to account takeover fraud, it's clear that robust fraud controls are needed even after initial account opening. A few key touch points that fraudsters love to exploit: ❓ One-time password requests 🏠 Non-monetary profile updates, like phone, email, or physical address 💸 Instant, push, or peer-to-peer payments By implementing real-time, robust risk checks before these high-risk transactions, you can significantly enhance consumer protection without adding excessive friction to the customer experience. 🎓 Interested in learning more? Watch our on-demand webinar for insights on the latest fraud prevention strategies: https://bit.ly/46n8ece

Hey, public sector IT leaders, are you ready for the Los Angeles Digital Government Summit? 🚀 Socure will be there to share insights on digital identity verification and fraud prevention. Stop by our table and let's chat about how we're transforming digital identity verification and fraud prevention! Check out the event page for more details: https://lnkd.in/eE3uCfZK 

🚨 Knowledge-based authentication (KBA) has been used for over 20 years as a method of proving identity online. It’s time to move on. This flawed approach to identity verification relies on stagnant data that has been breached countless times, and as a result has been made widely available on the dark web. 😱 Scary thought: fraudsters have actually become more proficient at answering those credit-based questions than the people the quizzes are intended for. #KBA is still commonly employed in the public sector to perform the critical act of identity proofing – most commonly in motor vehicle registration, online portal access, and notarization. It is either used as a primary form of identity verification or can be used as a backup when an individual is unable to complete the primary method. Meanwhile, the scale and frequency of data breaches has reached new heights – many people’s personally identifiable information can be accessed for as little as $1 per record on the dark web. Read the full blog here from Socure’s Jeff Shultz to learn how innovative approaches like risk based identity proofing, behavioral analytics, and biometrics are transforming identity proofing: https://bit.ly/3A0clPz #IdentityVerification #Cybersecurity #FraudPrevention #DigitalIdentity

🤗 Please say hello to our June hires! We’re so excited you’re here to help support our mission of verifying 100% of good identities in real time and completely eliminating identity fraud on the internet. 🚀 Looking for a mission-driven, fast-paced organization to call home? Check out our latest openings here: https://lnkd.in/eM5fsUmK

💳 Friendly fraud — or where consumers dispute legitimate charges they've made — continues to wreak havoc for the American economy. Socure’s research found that 35% of Americans have committed first-party #fraud, which generates more than $100 billion of losses for U.S. financial institutions and merchants each year. 🔎 Determining the intent of the consumer can be the toughest challenge to solve for fraud experts. We appreciate our partners who have joined Socure’s first-party fraud consortium as we work together to stop #FriendlyFraud abuse. Thanks to Genna Contino and CNBC for bringing attention to this important issue. Read the full article here: https://cnb.cx/4diarrG 🤝 Interested in joining our consortium to fight this fraud together? Learn more here: https://bit.ly/3SopdoU