Socure

Overview

Socure provides an AI-powered platform for identity verification, fraud prevention, and compliance. Its platform, RiskOS, offers a suite of products designed to manage identity and risk decisioning across various digital interactions. Socure aims to enable businesses to achieve higher auto-approval rates while maintaining strong risk protection.

Key Features

• Sigma Identity Fraud — Detects third-party fraud by leveraging a comprehensive view of digital identity.
• Sigma Synthetic Fraud — Uncovers complex manipulated and fabricated synthetic identity fraud.
• Socure Verify — Provides precise and inclusive identity verification.
• Global Watchlist Screening with Monitoring — Offers sanctions screening, Politically Exposed Person (PEP) identification, and adverse media risk management.
• Predictive DocV — Facilitates quick and accurate ID document and biometric verification with liveness detection.
• Socure Account Intelligence — Verifies bank account ownership and status with instant results.
• Digital Intelligence — Passively verifies user devices and behavioral biometrics to detect fraud and improve user experience.

Who It's For

Socure targets a range of industries including Fintechs, Sponsor Banks, Crypto, Banking, eCommerce, Social & Dating, Marketplace & Gig Economy, Gaming, Workforce, and Telco. It serves organizations that require solutions for consumer and business onboarding, trust & safety, login & authentication, and payment screening. The platform is also utilized by public sector entities, including federal, state, local, and higher education institutions, to combat identity fraud in public services.

Notable Strengths

Socure's platform is built on an AI-native decisioning and orchestration engine, RiskOS, which integrates identity, fraud, risk, and compliance functionalities into a single layer. This approach allows for rapid deployment of solutions, with options for production-ready workflows in hours via a self-serve experience or fully customized deployments for complex organizations. The company's focus on leveraging AI across its product suite aims to provide adaptive and real-time authentication and risk prediction capabilities.