Socure

Socure is an AI-powered identity verification system designed to help financial services companies prevent identity fraud losses and remain compliant. The system is comprised of ID+, the identity verification mechanism, a KYC (Know Your Customers) Compliance add-on, which uses additional personally identifiable information to authenticate users, and Watchlist products to check international sanctions and enforcement lists for AML (Anti-Money Laundering) compliance.

Socure’s ID+ platform utilizes every element of identity, natively orchestrated by advanced AI/ML, to maximize accuracy, and reduce false positives. It utilizes up-to-date data sources for every element of identity, and its AI/ML unlocks this data with 17,000+ predictive features to enable fraud & verification decisions in real-time.

Socure offers a suite of products to provide the needed capabilities:

• Sigma Identity Fraud - Analyzes every dimension of consumer identity—name, email, phone, address, date of birth, SSN, IP, device, velocity, network and behavioral intelligence, in a single ML model.
• Sigma Synthetic Fraud - Identifies malicious synthetic identity fraud in real time, purpose-built to detect complex and rapidly evolving synthetic patterns, Sigma Synthetic Fraud distinguishes synthetic identities from real customers with confidence.
• Address / Email Risk Score - Predicting the risk of an address or email and its correlation to an identity (or residency attributes).
• Socure Verify - Automates the customer onboarding process.
• Portfolio Scrub - identifies risks hiding in accounts and gives strategies to take action.
• Predictive DocV - Built with Socure's identity graph, forensic technology and fraud models, Socure’s multidimensional predictive signals identify good customers and weed out bad actors in real time.
• Socure Account Intelligence - Removes friction from the account onboarding, funding, and transfer process. Validates account availability and ownership in real time, improving customer conversion and reducing fraud risk.
  
• eCBSV - Mitigate Synthetic Identity Fraud Risk and Promote Financial Inclusion
• Decision Module - Align policy with process, automate decisions, help ensure compliance, and efficiently scale growth.
• Control Center - Prevents fraud across a portfolio, and demonstrates compliance in an evolving regulatory environment.
• Digital Intelligence - Defeats fraud with digital intelligence
• Sigma First-Party Fraud - Minimizes early payment default, supports dispute investigation, and provides insights into high risk transactions