Socure operates a digital identity verification, compliance and fraud-prevention platform that confirms identities in real time. The system applies predictive analytics, artificial intelligence and machine learning to a combination of online and offline data intelligence, drawing on signals including email, phone, address, IP, device and velocity data. Its stated mission is to eliminate identity fraud and verify 100% of good identities in real time, an objective the company frames around building digital trust at a time when AI has reduced the cost of impersonation to near zero.
The Socure identity verification platform performs real-time identity decisioning and risk mitigation, and the company claims the highest accuracy, automation and capture rates in the industry. Technical work spans digital identity verification, fraud prevention, compliance, predictive analytics and machine-learning model development applied to high-volume identity data.
Socure reports more than 3,000 customers across 190+ countries, including 18 of the top 20 U.S. banks, 13 of the top 15 credit card issuers, four of the Mag 7 technology companies, 130 public sector organisations and over 600 fintechs. Its platform is used across financial services, government, gaming and prediction markets, healthcare, telecom, e-commerce, HR payroll and workforce, and banking.
