Socure

When Socure’s Senior Director of Product Marketing Brooke Snelling Vixamar filed for maternity leave benefits with her state, she experienced how frustrating it can be when antiquated identity verification systems create barriers to government services. Her state’s identity verification was slow and inaccurate, causing her benefits to be significantly delayed. Between snail mail updates and manual review processes, not to mention the hours Brooke was forced to spend on hold with their phone system while caring for her new infant, it took a whopping 13 weeks for her to receive her first state maternity benefit check. ?? This underscored for Brooke the importance of Socure’s revolutionary identity verification solutions — because no one should have to experience such friction and delays when accessing state benefits. Brooke is inspired to continue building the future of #IdentityCertainty with Socure, driven by our mission to verify 100% of good identities and completely eliminate fraud. This week is #InternationalFraudAwarenessWeek, and it’s as important a time as any to remember that fraud prevention systems should stop fraudsters without causing friction for good users. ?? Socure’s identity verification solutions power risk and trust decisions that help government institutions stop fraudsters while ensuring fair and seamless access to good users. Learn more about how Socure serves the public sector here? ?? https://lnkd.in/e7kZRusA

When a high-risk identity is flagged, our customers receive a risk score with detailed reason codes explaining the key factors contributing to that score. But that’s just the tip of the identity iceberg. ?? Beyond these scores and reason codes lies a wealth of unique, deep identity signals and insights that drive our hyper-accurate risk models and industry-leading performance. Socure’s Graph Intelligence unlocks your ability to make more data-driven decisions tailored to your specific population. It equips fraud and data science teams with tools to quickly refine decision logic, adjust thresholds, and prioritize high-risk behaviors, helping you adapt to your unique fraud landscape and stay agile as new threats emerge. Learn more here???? https://lnkd.in/gRCEY2st?(edited)

Join us in congratulating the winners of Socure’s Principle Awards!???? The bi-annual Socure Principle Awards recognize employees who embody our core principles: ?? Never stop learning ?? Be candid ?? Compete to win ?? Details matter ? Act like the owner you are ?? Be customer obsessed ?? Collaborate selflessly ?? Impact more than effort We are grateful to have such a whip-smart, collaborative group of talent on our team! Nischit Bikram Shah | Jason Y. | Jeffrey Kaufman, Esq. | Halle Knoll | Sumit Kumar | Vignesh Sivakumar Want to jddxoin us? Learn more about Socure careers here:?https://lnkd.in/e9mX5WMq

Underdog, now the fourth most downloaded sports gaming app in the U.S., was challenged by the manual review processes that led to long waiting times for players. It needed a strategic partner to help balance automation and manual intervention, and create global-bank level security for its KYC controls — all so it can onboard more good users faster. This is where Socure comes in. ?? By partnering with Socure, Underdog implemented global bank-level security for its Know Your Customer (KYC) controls, setting a new standard in the sports gaming industry and ensuring a secure, seamless experience for its rapidly growing user base. Socure helped Underdog achieve: ?? A 300% reduction in manual reviews, from 20% to just 5%. ?? 97% auto-decisioning with ID document verification. In the words of Underdog’s VP of Fraud and Payments Karl Gambin, MA, ACAMS, “Underdog prides itself on going above and beyond regulatory requirements, adopting a player-centric approach where the safety and integrity of the platform are constantly at the forefront. Our partnership with Socure has been instrumental in achieving this goal." Read the full case study here??? https://lnkd.in/gtufDuUi

Exciting news! ?? Today we announced the launch of Graph Intelligence, an innovative addition to Socure's identity fraud suite. This new module provides fraud, compliance, and data science teams exclusive access to unique, deterministic signals that reveal how identity attributes connect and evolve across Socure’s vast Network Identity Graph. Graph Intelligence enables organization to: ?? Gain direct access to and visualize the intricate web of 1.5 billion PII connections across Socure's vast network. ?? Better understand, evaluate, and act on potential risks, particularly in cases of sophisticated fraud rings, as well as synthetic, first-party, and third-party fraud schemes. ??? Quickly adjust thresholds and refine strategies to better align with an organization’s specific fraud landscape. "Because every organization's fraud patterns are unique and dynamic, our customers need both powerful fraud detection capabilities and the ability to understand exactly why certain digital interactions or applications are flagged as risky," said Pablo Y. Abreu Product and Analytics Officer at Socure. "Graph Intelligence bridges this gap by providing unprecedented transparency into the signals that drive our industry-leading risk assessments." Read the news here ?? https://lnkd.in/etZ3fcZp

Establishing trust during account opening is crucial, but digital service providers must remain just as vigilant throughout the customer lifecycle. ?? Institutions have long relied on static identity controls and transaction monitoring that fail to capture the dynamic nature of digital identities and their ever-evolving behaviors — leaving organizations vulnerable to account takeover fraud, payment scams, reputational damage, and substantial financial losses. With Socure’s holistic, dynamic approach to identity and risk management, customers can stay one step ahead of even the savviest bad actors. With Socure’s RiskScores solution, customers can accurately assess the fraud risk of an identity by determining the extent to which provided emails, phone numbers, and physical addresses are both trustworthy and strongly correlated with or owned by the known identity. We’re committed to continuously improving the accuracy of our solutions.?Here’s a preview of the latest performance jumps for RiskScores: ?? Email RiskScore fraud capture rates improved an additional 12%, to 68% at the 5% risk depth. ?? Phone RiskScore fraud capture rates improved by nearly 17%, to 59.7% at the 5% risk depth. ?? Address RiskScore fraud capture rates improved by 12%, to 50.7% at the 5% risk depth. In our fourth installment of Socure’s Outperform Blog series, we're highlighting Socure's commitment to radical transparency in the performance enhancements of our solutions — and the tangible benefits this brings to our customers. Read the blog here? ?? https://lnkd.in/gbGSNNfm

On this Veterans Day, I wanted to share some reflections: The military teaches you selfless service and dedication to protecting others. Most people see obvious applications in fighting enemies overseas, but don't realize the military mindset and core values of veterans don't end with their service. Take me for example. When I got out of the military in 2008, so many incredible companies were trying to do good things for members of the military and veteran community - whether it was discounts, or employment opportunities, or special benefits offered exclusively to people who served. But back then, there really wasn't any way to prove you had served if you weren't in for a full 20 year career. There wasn't an emblem added to your drivers license like we have today in most states. And I was shocked to learn there was a real issue with "Stolen Valor" - people pretending to have served in the military to take advantage of the goodwill. I know, right? My first use case in co-founding ID.me was tackling the issue of stolen valor and making it easier for people who legitimately served to access benefits and services. I share that story to demonstrate that the military continues to influence what I'm doing as a civilian to this day. And I know a lot of other veterans out there are doing the same. Protecting and serving in whatever civilian job they are working, continuing to bring all the things they learned in the military to make America the amazing country that it is. So first, I want to say thank you to all the veterans out there. Not only for your service while you in the military, but for continuing to bring your A-game every day in civilian life. And second, to all of you with veterans as family, friends, and colleagues, this is the day to reach out and tell them you see them, you appreciate them, and you love them. Happy Veterans Day!

The Hawaii Digital Government Summit is almost here! ?? ??? ?? The summit is an opportunity to connect with peers from government and industry sectors and share ideas, best practices, and technology trends shaping the future of government services in Hawaii. Socure will be there to chat about the latest in digital identity verification and fraud prevention. Don't miss out on this chance to contribute to Hawaii's technology landscape. Check out the event page for more details and to register: https://lnkd.in/e2QV3QMK

Financial institutions need more than traditional identity verification; they require adaptive identity-risk management that secures each step of the customer journey. Join us next Thursday for an in-depth session featuring insights from Forrester’s Andras Cser, as we explore how to dynamically adjust to varying points in the consumer lifecycle. Discover how identity verification and fraud prevention create a synchronized defense, allowing financial institutions to stay ahead of complex and emerging fraud threats with ease. Key Takeaways: ?? Identity Control: Learn how to implement adaptive identity-risk management at critical moments in the customer journey. ?? Dynamic, Contextual Defense: Explore best practices for applying real-time risk measures based on the type of consumer interaction. ?? Proactive Fraud Prevention: Understand how to detect and prevent sophisticated fraud tactics across the consumer lifecycle with AI. Register for the webinar here ?? https://bit.ly/4hB2d0S

Big news today: Socure has officially closed the acquisition of Effectiv, a real-time AI risk decisioning platform with a strong track record delivering risk strategies to banks and fintechs. But what does this mean? ?? This creates the market’s first unified identity, fraud, and risk decision engine. The deal pairs Socure's best-in-class digital identity verification and fraud solutions with a developer-friendly AI orchestration and decisions?–?a combination of technology not held by a single competitor, and one that will elevate the way the market combats fraud and verifies identities across the entire customer journey. This looks like: ?? Building your own identity stack: Fraud patterns can change in an instant, with fraudsters doubling down on single organizations or entire market segments driving a need for fraud solutions with flexibility and customization. Users can now access a simple low or no-code interface to drag-and-drop solution combinations and workflows rapidly that tackle changing fraud patterns and customer risk acceptance distinct to their business needs. ?? Easier implementation and faster time to value: With the Effectiv platform, Socure introduces a combination of prepackaged solutions and workflows, as well as the ability to configure and test new rules and analytics. This reduces the time to implement new solutions and gain value with immediate revenue as customer acceptance and reduced friction take hold. We are thrilled to welcome the Effectiv team to the Socure family! Learn more here: https://lnkd.in/gM4zVUhj