Articles from Socure

Socure, the leading provider of artificial intelligence for digital identity verification, compliance, sanctions screening, and fraud prevention in over 190 countries, today announced it has been named the winner of Datos Insights' 2025 Impact Awards in the Best Digital Identity Verification Solution and Best First-Party Fraud Solution categories for its overall work in the digital identity verification (IDV) space as well as its Sigma First-Party Fraud solution.

Socure, the leading provider of artificial intelligence for digital identity verification, sanctions screening, and fraud prevention, today announced the launch of its next-generation Age Assurance solutions, which now feature full integration with its RiskOS platform.

Socure, the leading provider of artificial intelligence for digital identity verification, sanctions screening, and fraud prevention, today announced it has been named to the Inc. 5000 list for America’s Fastest Growing Private Companies for the fourth consecutive year.

Socure, the leading provider of digital identity verification and fraud solutions, announced today that it ranks No. 1527 on the 2023 Inc. 5000, its annual list of the fastest-growing private companies in America, achieving 376% of revenue growth from 2019-2022. This is the second year in a row that Socure has earned a top third position after generating triple-digit revenue growth. This prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses. Facebook, Under Armour, Microsoft, Patagonia, and many other household name brands gained their first national exposure as honorees on the Inc. 5000.

Socure, the leading provider of digital identity verification and fraud solutions, announced it has partnered with MeridianLink, Inc. (NYSE: MLNK), a leading provider of modern software platforms for financial institutions and consumer reporting agencies. By leveraging Socure’s identity verification and fraud prediction platform – SocureID+ – MeridianLink® customers can securely verify and onboard more consumers accurately in real-time, eliminating friction at sign-up for legitimate users, while simultaneously blocking fraudulent applicants. Socure’s platform combines advanced machine learning and AI with all elements of a consumer identity to deliver the most accurate and robust identity verification and proofing, Know Your Customer (KYC), fraud risk prediction, and document verification solutions in the market.

Socure, the leading provider of digital identity verification and fraud solutions, today launched “The Socure Identity Challenge” to advance accurate and equitable digital identity verification in government.

Socure, the leading provider of digital identity verification solutions, has acquired Berbix, a San Francisco-based startup that developed a high-accuracy document verification solution with a patent-pending forensics engine able to detect spoofed IDs – including AI-generated fakes – that are visually indistinguishable to the human eye.

Socure, the leading provider of digital identity verification and fraud solutions, today announced that its Socure ID+ platform has been honored with the Tech of the Future: Identification, Authentication and Verification award at the 2023 Banking Tech Awards, powered by Fintech Futures. Socure’s founder and CEO, Johnny Ayers, also won the Tech Leadership award for Software and Service Providers. These awards recognize Socure’s outstanding achievements and successes in the banking and fintech industry.

Socure, the leading provider of digital identity verification and fraud solutions, announced industry leading data coverage and onboarding rates of Gen Z consumers with the latest data enhancements to its KYC solution. With the latest update, Socure can now verify more than 70% of 18-year-olds opening their first accounts, surpassing any other provider in the market by at least 30%.

Socure, the leading provider of digital identity verification and fraud solutions, announced today that its Socure ID+ platform has been added to the State Risk and Authorization Management Program’s (StateRAMP) Progressing Product List after illustrating the core regulatory and industry-defined requirements for StateRAMP compliance.

Socure, the leading provider of digital identity verification and fraud solutions, announced today that CRN®, a brand of The Channel Company, named Ayesha Prakash, head of public sector partnerships at Socure, to the Women of the Channel list for 2023. The award recognizes women from vendor, distributor, and solution provider organizations whose expertise and vision are leaving a noticeable and commendable mark on the technology industry.

Socure, the leading provider of digital identity (ID) verification and fraud solutions, today released a guide for state and local Chief Information Officers (CIOs), Chief Technology Officers (CTOs), and Chief Information Security Officers (CISOs) to establish effective digital ID programs for their constituents.

Socure, the leading provider of digital identity verification and fraud solutions, today announced that Matt Thompson, senior vice president and general manager of public sector, was recognized for his industry leadership and significant contributions in government IT as part of the 2023 StateScoop 50 Awards.

Socure, the leading provider of digital identity verification and fraud solutions, announced today that Jennifer Kerber has joined as the senior director of government affairs.

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.

Socure, the leading provider of digital identity verification and fraud solutions, today announced that Ayesha Prakash has joined as head of public sector partnerships. Prakash will report to Matt Thompson, Socure’s general manager of public sector solutions.

Socure, the leading provider of digital identity verification and fraud solutions, today announced it has entered into a $95 million, three-year credit facility with J.P. Morgan, Silicon Valley Bank, and KeyBanc Capital Markets. This line of credit will further strengthen the company's financial position as it continues on its mission to be the first and only solution provider to verify 100% of good identities in real-time and completely eliminate identity fraud on the internet.

Socure, the leading provider of digital identity verification and fraud solutions, will demonstrate how retailers and payments organizations are driving growth at scale with frictionless and highly-accurate identity verification and fraud prediction at this year’s MRC 2023 conference, which will be held in Las Vegas, NV, March 6 - 9. Socure will host demonstrations and discussions in its booth #201, as well as lead a panel discussion on first-party fraud.

Socure, the leading provider of digital identity verification and fraud solutions, today announced its commitment to rooting out 100,000 synthetic identities from the U.S. financial system. This announcement comes amid an explosive uptick in synthetic identity attacks on financial deposit accounts central to enabling money mules, money laundering and other nefarious money movement.

Socure, the leading provider of digital identity verification and fraud solutions, has joined the FIDO (Fast IDentity Online) Alliance, a cross-industry coalition developing open, interoperable authentication standards that enable easy, private, and secure identity verification while reducing the use of unreliable passwords.

Socure, the leading provider of digital identity verification and fraud solutions, today announced it was named to the Embedded Fintech 50, a list launched by GGV Capital in partnership with Crunchbase, to recognize the most promising fintech companies in the eyes of startup investors. GGV Capital convened 57 investment firms to nominate and vote on the 50 honorees. Having raised more than $12 billion collectively, the Embedded Fintech 50 demonstrates the enthusiasm of venture capital investors in the growth and innovation of this sector.

Socure, the leading provider of digital identity verification and fraud solutions, today announced it has been named a Leader in The Forrester Wave™: Identity Verification Solutions, Q4 2022, an inaugural report published by Forrester Research.

Socure, the leading provider of digital identity verification and fraud solutions, today announced it is one of the fastest-growing companies on the Deloitte Technology Fast 500™ for the third year in a row. From 2018 to 2021, Socure’s revenue grew 463%. Now in its 28th year, the Deloitte Technology Fast 500 is a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America.

Socure, the leading provider of digital identity verification and fraud solutions, today announced it has entered the payment risk space with the introduction of its newest product, Socure Account Intelligence. The product instantly verifies domestic bank account status and ownership, prior to ACH payment transactions or funds disbursement. Only the consumer or business name as well as the bank account and routing numbers are needed for this real-time service that establishes trust between accounts and supports regulatory compliance.

Socure, the leading provider of digital identity verification and fraud solutions, today announced a new partnership with Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®, providing Government agencies the opportunity to access Socure’s ID+ platform, a best-in-class identity verification solution that goes beyond the industry standard to analyze every element of identity, maximize accuracy and inclusivity and protect against identity fraud. Carahsoft will serve as Socure’s Master Government Aggregator®, making their leading platform available through Carahsoft’s reseller partners and NASA Solutions for Enterprise-Wide Procurement (SEWP) V, National Cooperative Purchasing Alliance (NCPA), and OMNIA Partners contracts.

Socure, the leading provider of digital identity verification and fraud solutions, announced today its international expansion into Canada, the United Kingdom, and Europe.

Socure, the leading provider of digital identity verification and fraud solutions, today announced the debut of its newest Sigma Synthetic Fraud model, a synthetic identity fraud detection solution that identifies manipulated and fabricated identities with unmatched precision. Core to the precision of Sigma Synthetic Fraud is the integration of two critical fraud-fighting features: powerful machine learning technology (ML) and expert fraud investigators. The Department of Justice has said that synthetic identity fraud is the country’s fastest growing financial crime.

Socure, the leading provider of digital identity verification and fraud solutions, today issued a report on synthetic identity fraud that illustrates the growing threat this type of fraud posed to US industries, government agencies, and consumers. If synthetic identity fraud continues to go unchecked, losses will double from the estimated $2.48 billion this year to nearly $5 billion in 2024, the research shows.

Socure, the leading provider of digital identity verification and fraud solutions, will demonstrate the vital importance of trusted identity in the financial services and government sectors through a range of activities at this year’s Money20/20 conference, which will be held October 23-26 in Las Vegas, NV.

Socure, the leading provider of digital identity verification and fraud solutions, announced today that Founder and CEO Johnny Ayers has been recognized by Goldman Sachs (NYSE:GS) as one of the Most Exceptional Entrepreneurs of 2022 for the second year in a row. This honor will be announced at its Builders + Innovators Summit in Healdsburg, California taking place Oct.12-14. This elite group of entrepreneurs includes visionary founders that continuously disrupt the status quo and establish a new gold standard within their industries.

Socure, the leading provider of digital identity verification and fraud solutions, has earned a spot in the fifth annual Fintech 250 for the fourth year in a row. This list from CB Insights is an annual ranking of the most innovative financial technology companies that are applying a mix of software and technology to transform the financial services industry.

Socure, the leading provider of digital identity verification and fraud solutions, announced today that its KYC solution won the Best RegTech Solution at the annual 2022 Finovate Awards, and Johnny Ayers, its founder and CEO, was named Executive of the Year. The Finovate Awards recognize exceptional contributions made by organizations and individuals from the fintech sector.

Socure, the leading provider of digital identity verification and fraud solutions, today announced it has enhanced the company’s industry-leading KYC/CIP solution. Socure’s KYC solution now includes full access to the best-matched entity, via the UI dashboard or API, including reason codes and field validation intelligence that enable automation of exception processes and reduce manual reviews. These new features provide organizations that must comply with strict regulatory mandates, such as financial services companies, with a fully-transparent, expanded set of data about the customers they onboard, including an augmented ability to view and assess that information. The upgraded solution also addresses risk in companies' current customer portfolio, to accurately verify their existing customers and mitigate risk of fines during an audit.

Socure, the leading provider of digital identity verification and fraud solutions, announced today that Inc. magazine has ranked Socure among the nation’s fastest-growing private companies. Socure earned a top third position at No. 1,397 on the Inc. 5000 2022 list after generating triple-digit revenue growth between 2018 and 2021. Notable companies previously named to the list include Microsoft, Oracle, Under Armour, and Patagonia.

Socure, the leading provider of digital identity verification and fraud solutions, announced it has been honored as a member of the Forbes Cloud 100 for a second consecutive year. Published by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures, the list recognizes the world’s top private cloud companies. Socure is the only digital identity verification company included in the list.

Socure, the leading provider of digital identity verification and fraud solutions, announced today that it has teamed with Middesk, the identity platform automating business verification and underwriting decisions, to offer a new service that enables B2B companies to accurately verify their customers. This integration combines the benefits of Socure’s real-time, predictive analytics identity verification and fraud prevention platform with Middesk’s comprehensive solution for verifying business entities. This is the first time that best-in-class companies in the Know Your Business (KYB) and Know Your Customer (KYC) segments have created an integrated solution for end-to-end business verification.

Socure, the leading provider of digital identity verification and fraud solutions, today announced that it has been chosen as the “Best Decision Intelligence Company” in the 5th annual AI Breakthrough Awards program conducted by AI Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies, and products in the global Artificial Intelligence (AI) market today. Socure won against a highly competitive field of new and legacy providers and was recognized for its innovation, product design, user-experience, and overall technological advancement.

Ernst & Young LLP (EY US) announced that Socure founder and CEO Johnny Ayers was named an Entrepreneur Of The Year® 2022 Award winner. Entrepreneur Of The Year is one of the preeminent competitive business awards for entrepreneurs and leaders of high-growth companies who think big to succeed. An independent panel of judges selected Ayers based on his entrepreneurial spirit, purpose, growth and impact, among other impressive contributions and attributes.

Socure, the leading provider of digital identity verification and fraud solutions, today announced record customer growth of 236% for its graph-defined identity verification platform. As fast, accurate, and inclusive customer onboarding has become essential for online companies across all verticals, Socure has emerged as the gold standard in identity verification, enabling organizations of all sizes to drive millions in incremental revenue and open up equitable access to services and benefits.

Today Socure, the leading provider of digital identity verification and fraud solutions, announced the hiring of Chad Kalmes as Chief Information Security Officer (CISO). In this role, Kalmes will direct Socure’s strategy and operations across the Security, Technology, and Risk & Compliance functions and continue to foster a culture of security and trust throughout the entire organization.

Socure, the leading provider of digital identity verification and fraud solutions, announced today an integration with ServiceNow’s Financial Service Operations product. Financial institutions that leverage the integration between ServiceNow Financial Services Operations and Socure’s identity verification platform will quickly onboard more accounts, deliver differentiated customer onboarding experiences, reduce risk, and lower client acquisition costs.

Socure, the leading provider of digital identity verification and fraud solutions, today announced that the Socure ID+ platform has enabled the leader in mobile financial services for freelancers and small business owners, Lili, to accelerate the acquisition of “good” customers and achieve record growth while reducing fraud. In less than two years since it began using Socure ID+, Lili has expanded its customer base from 30,000 to 550,000 while shutting out bad actors.

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 sixth annual FinTech Breakthrough 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 won this elite recognition against a crowded field of new and legacy competitors when judged against the following criteria: innovation, impact, value, performance, and ease of use.

Socure, the leading provider of digital identity verification and fraud solutions, today announced that Dibbs, the real-time, blockchain-enabled marketplace for collectors, is using the Socure ID+ platform to provide a faster, more accurate collector onboarding experience. With the accuracy of Socure’s industry-leading, graph-defined identity verification and fraud platform, Dibbs expects at least a 20% increase in first-time deposits. New customers are now verified in milliseconds, establishing trust with even the most privacy-conscious collectors at first deposit.

Socure, the leading provider of digital identity verification and fraud solutions, announced it has partnered with Prime Trust, the leading provider of financial infrastructure for fintech and digital asset innovators. By leveraging Socure’s industry-leading, graph-centric identity verification and fraud platform – SocureID+ – Prime Trust customers can securely verify and onboard consumers accurately in real-time, eliminating friction at sign-up for legitimate users and blocking fraudulent applicants, all while accelerating revenue. Socure’s platform combines advanced machine learning and artificial intelligence with all elements of a consumer identity to deliver the most accurate and robust identity verification and proofing, Know Your Customer (KYC), Anti-Money Laundering (AML) and fraud risk prediction solutions in the market.

Socure, the leading provider of digital identity verification and fraud solutions, announced its 2021 record-breaking results, including five consecutive quarters of growth, 159% bookings growth year-over-year, tripled customer count, and a best-in-class customer retention rate of 174%. Socure’s growth is driven by increasingly high demand for its graph-based identity verification and fraud platform that combines advanced machine learning and artificial intelligence with all elements of a consumer's identity to deliver the most accurate and robust identity verification and proofing, Know Your Customer (KYC), and fraud risk prediction solutions in the market. Across all of Socure’s sales executives, and all of its products, Socure won 95% of deals that reached a test by proving with data its superior ID coverage, classification accuracy, and approval rates.

Socure, the industry leader in digital identity verification and fraud solutions, announced today that Brendan Peter has joined as vice president of government relations. Peter will work with government stakeholders to implement strong foundational policies that stress the demand for robust identity proofing and verification balanced with the need to reduce friction, reduce fraud and maintain high privacy standards.

Socure, the leading provider of digital identity verification and fraud solutions, announced today the Kantara Initiative has certified Socure’s identity verification and fraud platform as meeting National Institute of Standards and Technology (NIST) Identity Assurance Level 2 (IAL2) requirements for federal agencies implementing high assurance digital identity services. The Kantara Initiative is the global trust community that promotes adherence to data and privacy standards by identity system providers. Federal agencies will now have access to the most accurate identity verification and fraud platform on the market.

Socure, the leading provider of digital identity verification and fraud solutions, has won IDC’s Best in Future of Trust Award, based on the transformative results that Socure provided popular investing platform Public.com in balancing fraud risk, customer friction, and regulatory compliance. Socure is the first and only identity verification and fraud solution to win this award.

Socure, the leading provider of digital identity verification and fraud solutions, announced its industry-leading predictive identity document verification product tops the list as the number one, best-in-class solution in Aite-Novarica’s Global Document Identification and Verification Impact Report. In addition, Socure was the only company included in Aite’s best-in-class circle for vendor stability, client strength and service, and product features.

Socure, the leading provider of digital identity verification and fraud solutions, today announced that Jordan Burris has joined Socure as senior director, product market strategy, public sector. Burris will be instrumental in replicating Socure’s commercial success and leadership in its rapidly expanding public sector business, built to support the government’s digital transformation.

Socure, the leading provider of digital identity verification and fraud solutions, today unveiled its Consumer Online Shopping Fraud Survey 2021: Holiday Edition*. The survey results provide a stark warning for e-commerce platforms and marketplaces that consumers have zero tolerance for seller-related identity fraud and won’t return to a platform if that occurs.

Socure, the leading provider of digital identity verification and fraud solutions, today announced it is the fastest-growing identity verification vendor on the Deloitte Technology Fast 500™ for the second year in a row, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 27th year. Socure’s revenue grew 783% from 2017 to 2020 and is the highest-valued company in the identity verification industry.

Socure, the leading provider of digital identity verification and fraud solutions, announced its significantly oversubscribed $450M round at a $4.5B valuation from a number of the world’s best growth equity and public market investors. The company achieved a $4.5B valuation just seven months after its $1.3B Series D, on the back of 500% year-over-year bookings growth and nearly $1B of investment demand, earning Socure the highest valuation for any private company in the identity verification space.

Socure, the leading provider of digital identity verification and fraud solutions, today at Money 20/20 announced the industry’s first Digital Identity Fairness and Inclusion Report. Based on its research with large financial institutions, the report revealed how ML and AI can dramatically improve financial inclusion, democratize access to services and benefits as well as eliminate unfair, bias-driven friction. The goal of the research was to evaluate how ML and AI used by Socure reduces the negative ethnic, racial, age, and socioeconomic bias that can easily creep into digital identity verification solutions and the risk scoring of certain fraud models.

Socure, the leading provider of digital identity verification and fraud solutions, today announced the industry’s most accurate identity fraud solution, Socure Sigma Identity Fraud. Sigma Identity Fraud delivers the most precise identity fraud classification model in the industry by utilizing over 17,000 features that analyze every dimension of a consumer’s identity—name, email, phone, address, IP, device, velocity, network intelligence, and real-time consortium feedback data—all in a single product.

Socure, the leading provider of digital identity verification and fraud solutions, today announced the results of another record-breaking quarter reflecting the accelerating adoption of its industry-leading digital identity verification and fraud platform. Socure achieved 500% year-over-year bookings growth in the third quarter of 2021 achieving the fifth consecutive quarter of record year-over-year revenue dollar growth. High demand for the most accurate and comprehensive identity verification and fraud platform drove a record number of new customers marking a 221% increase compared with the third quarter of 2020.

Kasasa®, an award-winning financial technology and marketing provider, and Socure, the leading provider of digital identity verification and fraud solutions, today announced that 225 of Kasasa’s INMO® clients, comprised solely of community financial institutions that leverage Kasasa’s digital account opening platform, have upgraded to Socure’s industry-leading identity verification and fraud platform.

Socure, the leading provider of digital identity verification and fraud solutions, announced today that founder and CEO Johnny Ayers has been recognized by Goldman Sachs (NYSE:GS) as one of the 100 Most Intriguing Entrepreneurs of 2021 at its Builders + Innovators Summit in Healdsburg, California. This elite group of entrepreneurs includes visionary founders that continuously disrupt the status quo and establish a new gold standard within their industries.

Socure, the leading provider of digital identity verification and fraud solutions, today announced the launch of its public sector business led by identity industry veteran and public sector expert Matt Thompson, who was recently named to the newly created role of General Manager of Public Sector Solutions for Socure.

Socure, the leading provider of digital identity verification and fraud solutions, today announced that Matt Thompson has joined Socure as General Manager of Public Sector Solutions. In this executive leadership role, Thompson will accelerate Socure’s growth and enormous success by bringing private-sector best practices and industry-leading identity verification solutions to the public sector. Thompson is a recognized thought leader and innovator in the digital identity space, with a proven track record of successfully working with government agencies and leading large-scale digital transformation projects.

CB Insights today named Socure, the leading provider of digital identity verification and fraud solutions, to the fourth annual Fintech 250, an elite list of emerging private companies working on groundbreaking financial technology. This marks the third consecutive year Socure has been honored among the fastest growing fintech companies globally. This year’s list was unveiled on stage at CB Insights’ Future of Fintech conference in New York City.

Socure, the leading provider of digital identity verification and fraud solutions, today announced it has passed a key milestone of 750 customers, marking a 277% increase in new logos and net retention rate of 177% in 2021. Customers were added across industries including financial services, fintech, cryptocurrency, online gaming, telco, e-commerce, insurance, and healthcare.

Socure, the leading provider of digital identity verification and fraud solutions, today announced Scott Slipy joining as its chief people officer. In this executive leadership position, Slipy will support Socure’s hypergrowth by scaling up strategies to attract, retain, and develop innovative and high-performing teams as he furthers the impact-driven culture at Socure.

Socure, the leading provider of digital identity verification and fraud solutions, announced the industry’s first predictive document and identity verification solution with native fraud risk signals and intelligence. Socure’s Predictive Document Verification goes beyond simply authenticating a government-issued ID and matching a selfie to the photo on the ID, but also predicts whether or not the identity itself is safe to do business with by employing real-time data linking for better accuracy and real-time identity trust decisions.

Socure, the leading provider of digital identity verification and fraud solutions, and SpecTrust, a next-generation risk management platform, will offer the recently launched SpecTrust ROAM, a no-code fraud fighting platform, to work in conjunction with the industry-leading Socure ID+ digital identity verification and fraud solution. This solution will be demoed live at the upcoming FinovateFall on September 13 at 9:00 AM EDT, in New York City.

Socure, the leading provider of digital identity verification and fraud solutions, today announced the promotion of Pablo Abreu to its Chief Product & Analytics Officer. Over the past seven years, Abreu has been instrumental in creating Socure’s ID+ predictive analytics identity verification platform that is trusted by 4 of the 5 largest banks, 7 of the 10 largest credit card issuers, top BNPL providers, top crypto exchanges, and the largest online gaming operators.

Socure, the leading provider of digital identity verification and fraud solutions, has been recognized by Aite-Novarica Group, a global advisory firm providing mission-critical insights on technology, regulations, strategy, and operations to the financial services industry, as the winner of the 2021 Impact Innovation Awards for Fraud Innovation in the Risk Mitigation Category for its industry-leading Sigma Synthetic Fraud solution.

Socure, the leading provider of digital identity verification and fraud solutions, today announced that FinTech Global has named the company as one of the world’s most innovative AI solution providers on its inaugural AIFinTech100 list for 2021. The list identifies the top 100 companies developing AI applications in financial services that every financial institution needs to know about as they develop their digital transformation strategies.

Socure, the leading provider of digital identity verification and fraud solutions, today announced the expansion of its executive leadership team with the hiring of Mike Cook as vice president of commercialization, fraud solutions. Cook, a fintech entrepreneur and advisor with more than 30 years of experience in the industry, will lead Socure’s strategic plans to eliminate financial loss from all fraud types and efficiently validate 100% of consumer identities, capture market share, and increase growth.

Socure, the leading provider of digital identity verification and fraud solutions, today announced the continued growth of its executive leadership team with the addition of Debra Geister as vice president of product commercialization, compliance, and regulatory. Geister will work closely with regulators and customers to ensure that Socure products meet the industry’s ever-evolving and extremely complex regulatory standards. She will be dedicated to meeting, listening, educating, and supporting Socure customers, as well as working with the Socure sales and product teams to optimize product functionality based on customer feedback.

Socure, the leading provider of digital identity verification and fraud solutions, today announced it has been named to the Forbes 2021 Cloud 100, the definitive list of the top 100 private cloud companies in the world published by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures.

Socure, the leading provider of digital identity verification and fraud solutions, today announced that it has achieved record financial results, reflecting the continued momentum of its industry-leading digital identity verification and fraud solutions. Socure achieved 126% year-over-year recurring revenue growth in the second quarter marking the third consecutive quarter of record growth. High demand drove the impressive results with bookings accelerating nearly 220% compared to the first half of last year, marking the third consecutive quarter of accelerating growth. The company continues to achieve record results as Socure ID+ has emerged as the preferred identity verification platform for the largest enterprises and is trusted by 4 of the 5 largest banks, 7 of the 10 largest credit card issuers, top Buy Now, Pay Later (BNPL) providers, top crypto exchanges, and the largest online gaming operators.

Socure, the leading provider of digital identity verification and trust solutions, today introduced several technologies as it further expands its KYC solution, currently used by top banks, fintechs, online gaming companies, telcos, and more. Industry-firsts include hyper-accurate address normalization, date of birth matching, and algorithmic name matching capabilities. The company also launched a Social Security number (SSN) pre-fill capability for an improved customer experience and is now a provider of the Social Security Administration’s (SSA’s) Electronic Consent Based Social Security Number Verification (eCBSV) service for verifying PII elements against the SSA’s government database of SSNs, name, and date of birth.

Socure, the leading platform for digital identity verification and trust, today announced the introduction of the first identity verification and fraud solution purpose-built for the Buy Now, Pay Later (BNPL) industry. The solution leverages the technology and data currently used by more than 100 top BNPL providers, alternative payment providers, fintechs, banks, and credit card issuers. Socure developed the solution using deep identity and transaction data that enables multiple leading BNPL providers to attract new merchants, power their growth by converting more qualified shoppers in real time, and reduce loss rates.