Socure

?? Problem: False positives, inefficient manual reviews, and compliance bottlenecks drive operational risk and costs. ?? Solution: Socure’s AI-powered assistant for Global Watchlist Screening and Monitoring introduces a new level of automation and intelligence, reducing false match rates while maintaining complete regulatory alignment. Key advancements powered by an AI assistant include: - 78% fewer manual reviews, allowing analysts to focus on real threats - 80% faster case reviews, reducing review times from 10-15 minutes to just 2-3 minutes - Up to 60% lower compliance costs through AI-driven automation operational efficiency - Audit-ready documentation with structured, regulator-ready reports Manual reviews had become a scaling challenge for Lili, a financial platform designed specifically for businesses, offering a combination of advanced business banking with built-in accounting and tax preparation software to help business owners better streamline and simplify their finance. Lili's analysts were inundated with low-quality alerts that required significant resources to clear. Socure’s advanced scoring methodology drastically reduced false positives while improving the quality of risk decisions. “Socure’s advanced two-score system has been transformative for our compliance team,” said Larry Sandor, Head of Compliance at Lili. “It has significantly reduced alert review time and false positives, and it has empowered our analysts to focus on complex investigations and higher-level risk assessments.” An AI assistant enables compliance teams to operate with greater efficiency and accuracy while maintaining strict regulatory oversight by optimizing entity resolution, reducing false positives, and accelerating case resolution.

The crypto industry is at a tipping point, and Mint is here to accelerate its path from awareness to mass adoption. ? That’s why Socure is proud to be a primary launch partner for Mint, the newest and most innovative crypto event in the U.S., founded by the creators of Money20/20, Future Proof, Fintech Meetup, and Shoptalk. Last week at Fintech Meetup, Socure's social correspondent Sage Avarda connected with Mitul Parmar, Co-Founder and CEO of Mint, to talk about this incredible upcoming event. Mint isn’t just another conference — it’s a catalyst for crypto’s real-world expansion, bringing together 2,500+ industry leaders, forward-thinking traditional finance professionals, and blockchain pioneers for a one-of-a-kind networking experience in a beachside setting. ??? ?? ?? Mint participants can expect: - The largest one-to-one meetings program in crypto history - Engaging discussions on the future of blockchain, digital identity, and security - Opportunities to connect with top investors, innovators, and industry changemakers At Socure, we’re redefining identity verification and fraud prevention for crypto exchanges, helping the industry build trust, stop fraud, and drive real user adoption. As a primary launch partner, we are excited to ring in the next era of crypto with Mint this September. ??? Find the link in the comments below to learn more.

Arun Kumar joined Socure one year ago as Chief Technology Officer. Under his leadership, Socure has continued to build an engineering organization that powers identity verification and fraud prevention for some of the biggest names in fintech. Scaling a platform like this means constantly balancing: ? Innovation vs. risk ?Speed vs. compliance ?AI’s potential vs. real-world constraints Arun will join?Work-Bench's NY Enterprise Tech Meetup tomorrow?to dive into these challenges alongside Ramp's Head of Engineering?Nik Koblov. We're looking forward to a great conversation with NYC’s enterprise tech community! RSVPs are still open! Register here:?https://lnkd.in/gGKspWtE

?? Financial aid fraud has costly effects on the U.S. higher education ecosystem. Fraud schemes such as “ghost students” — when a fraudster enrolls at a university just to receive financial aid — block deserving students from critical scholarship funds. This creates cascading problems throughout the higher education landscape, impacting everything from classroom availability to institutional financial health. Protecting educational integrity requires intelligent identity verification and fraud prevention to distinguish between legitimate students and those who exist solely to exploit the system. Going to the NACUBO Financial Aid Summit next week? So are we! Stop by Booth 11 to learn more about Socure’s fraud prevention solutions for higher education.

"With all the security tech out there, why is fraud still happening?" ?? This is the question that Leonardo Maia, a Senior Platform Solutions Consultant for Socure, keeps hearing at Fintech Meetup this week. His answer? Because most fraud prevention systems aren't fast enough. Emphasis on *most*. Identity and risk management needs to be faster than the fraudsters – a goal that can be achieved with the advanced speed of Socure's RiskOS platform. RiskOS enables organizations to move from reactive to proactive fraud prevention across the entire customer lifecycle, using industry-leading data products. ?? Stop by our Fintech Meetup Booth 1423 today to learn more about the rapid accuracy of Socure's RiskOS platform. Not in Vegas this week? Follow this link to read up on our AI-driven identity, fraud, and risk decisioning platform: https://lnkd.in/gueigirm

That’s a wrap on the first two days of MRC and Fintech Meetup in Las Vegas this week! Will we see you tomorrow? Connect with Socure at Fintech Meetup to learn how our identity, fraud, and risk decisioning solutions protect fintechs with the highest degree of certainty in the market. ?? Visit us at Booth 1423 or booking a meeting with a Socure expert here: https://lnkd.in/gHciphAF Attending MRC? Talk with the Socure team about how our hyper-accurate solutions strengthen identity verification and fraud prevention for merchants. ?? Book a meeting here: https://lnkd.in/g_Ymb6Gi

A team that innovates together, celebrates together.??? Behind every breakthrough in identity verification, fraud prevention, and risk decisioning at Socure is a team of determined problem-solvers, data scientists, engineers, and innovators who make it happen. Today is Employee Appreciation Day, and we’re celebrating the Socure team – embracing collaboration, challenging norms, and working hard to build the best identity verification and fraud prevention solutions in the industry. Here’s a glimpse into the moments of joy, success, and team spirit that define the Socure team. ??

?? First-party fraud costs businesses over $100B annually. According to Socure's recent first-party fraud study*, nearly half of those who committed it in 2024 admitted to doing so because they got away with it in 2023. Without deterrents, unscrupulous consumers will continue abusing the system. Today Socure unveils a new AI-powered Identity Manipulation Risk Score, which quantifies the level of risk associated an identity during account opening, high-risk transactions, and dispute resolution. This AI-driven score detects fraud patterns that traditional models miss, including consumers who use multiple emails or phone numbers to exploit financial services, by leveraging insights from: ?? 210M+ contributed identities ?? 325M+ accounts ?? 20B+ transactions across financial institutions, fintechs, BNPL, gaming, and eCommerce By continuously refining fraud detection with real-time intelligence, the Identity Manipulation Risk Score enables fraud teams to detect fraudulent behavior and take action before financial losses occur. This score is the newest addition to Socure's Sigma First-Party Fraud, which provides organizations with critical risk signals, real-time monitoring, and actionable intelligence to detect bad-faith actors across the entire customer lifecycle. Learn more about Socure’s Sigma First-Party Fraud solution here: https://bit.ly/3F547rI *Read Socure's latest first-party fraud research report here: https://lnkd.in/gaArdjbS

?? Gen AI is fueling a surge in fraudulent identities designed to bypass legacy document verification systems. Fraudsters are manipulating real selfies, generating synthetic identities, and scaling attacks with AI-driven automation. New data from Socure, featured in this Bloomberg article titled Fraudsters Turn to Generative AI to Improve Fake IDs for Crimes, shows manipulated selfie fraud jumped from 21 cases per week to over 4,500 in just 22 weeks. Attackers steal images from social media, enhance them with AI, and synthesize identities to exploit all industries that require document verification and selfie checks. Socure's Head of Document Verification Deepanker Saxena is quoted in Bloomberg's article, explaining: “At the end of the day, we need AI to fight AI." Static document checks and traditional face matching are no longer enough. Socure’s AI-driven approach analyzes biometric and document authenticity, device intelligence, behavioral risk signals, and network-level fraud patterns in real time to detect these evolving threats. ?? Thank you to Bloomberg reporter Julie Zhu for including Socure’s fraud research and expertise in this illuminating article! Read the article here??? https://lnkd.in/gkQQqyMD

It’s 2025. There is no excuse for outdated identity verification systems that let fraudsters through your digital front doors. ?? ?? At account opening, we catch 85% of fraud lurking in the riskiest 3% of applications, leaving industry competitors in the dust at their average of 37%. This identity certainty is powered by Socure’s powerful Network Identity Graph — a living, breathing portrait of digital interactions across the entire digital economy. Socure’s fraud prevention solutions also employ innovations like our Integrated Anomaly Detection and Entity Profiler, which allow us to instantly see when things just “aren’t quite right.” Learn more about the innovations driving Socure’s industry-leading fraud capture rates here ?? https://lnkd.in/detJ2B4B