Overview
What is 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…
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Socure and Berbix: ID Document Verification
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ID Document Verification: Socure’s Predictive DocV 3.0
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Product Details
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- Tech Details
What is 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:
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
Socure Features
- Supported: Identity Fraud Detection/Prevention
- Supported: Document Verification
- Supported: Identity Verification
- Supported: Synthetic Identity Fraud Detection
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Socure Competitors
Socure Technical Details
Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
---|---|
Operating Systems | Unspecified |
Mobile Application | No |
Supported Countries | United States |
Supported Languages | English |