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Socure is the latest identity verification and fraud prevention innovator to attract the interest of – and big investment from – fintech’s venture capital community. The New York City-based company, which demonstrated its digital-to-physical identity verification platform at FinovateFall 2017, has scored $30 million in new funding in a round led by Scale Venture Partners. Read more…
A partnership between AI-powered identity risk scoring innovator Socure and workflow management specialist Alloy has enabled Radius Bank to decrease online fraud by 50%, increase new account conversions by 30%, and make manual review nearly a process of the past – reducing it by 95%. The joint solution marries Socure’s predictive analytics with Alloy’s decisioning Read more…
Socure, a New York-based company that provides predictive analytics for digital identity verification, has launched a new solution this week. Aida (Authentic Identity Agent) is a new identity verification bot that can be deployed to validate authenticity in online transactions. Aida is named after the world’s first computer scientist, Ada Lovelace, and leverages AI Read more…
Socure, a provider of predictive analytics for digital identity verification has appointed Tom Thimot as its new CEO. Thimot takes the helm from company founder and original CEO Sunil Madhu. Madhu, who will take a new role as Chief Strategy Officer focused on platform innovation and exploring new market opportunities, pointed to his experience working Read more…
In a Series B round led by Commerce Ventures, digital identity verification specialist Socure raised $13.9 million in new funding. The investment, which also featured the participation of Flint Capital, Santander InnoVentures, Synchrony Financial, Two Sigma Ventures, and Workbench, takes Socure’s total funding to $27.5 million. “The funding will help us meet the increasing demand Read more…
In a round led by Flint Capital, digital identity verification technology specialist Socure has raised $13 million in funding. Featuring participation from ff Venture Capital, Santander InnoVentures, and Two Sigma Ventures, this week’s investment takes Socure’s total financing to more than $17 million. “Security, compliance, and fraud prevention are key issues for investors, consumers, regulators, Read more…
Digital identity-verification company Socure received a strategic investment from Santander’s $100 million fintech VC firm, Santander Innoventures. The Spanish bank’s investment arm will offer Socure access to resources and an undisclosed amount of funding. This marks the ninth investment Santander Innoventures has made since it launched in 2014. The firm has also invested in Finovate alums Read more…
This post is part of our live coverage of FinovateFall 2015. Socure is announcing Perceive at FinovateFall 2015. Perceive is a patented, remote facial biometrics solution designed to address account-takeover fraud and transaction security. The device-agnostic Perceive SDK can be added to any mobile or web application to accurately authenticate a consumer using their face, Read more…
The Sneak Peek series looks at the innovators demoing live on stage at FinovateFall 2015. Be sure to pick up your tickets to our annual autumn conference, and we’ll see you in New York! Socure takes an innovative approach to identity verification by using online and social media data to enable financial institutions to confirm Read more…
Finovate has confirmed that ID-authentication specialist Socure has raised $2.5 million in debt financing. This supports a recent report that Socure CEO Sunil Madhu had filed a Form D with the SEC in late July. The debt financing adds to the more than $4 million in equity capital Socure has earned. The company’s last fundraising Read more…
Online security companies are always working to stay one step ahead of fraudsters. Socure, a New York-based company is out to fight these malevolent deeds with an approach it calls Social Biometrics. As it turns out, it pays to be good. The company just closed a $2.5 million round of funding this week. Investors include: Read more…
Our next presenter is Socure. The company specializes in real-time, online identity verification solutions. “Socure’s Social Biometrics utilizes a patent pending artificial intelligence system and proprietary machine learning algorithms along with social behavior pattern analysis to detect if an online ID is authentic, a fraudster or a bot. Socure’s Social Biometrics solution showcases its ability Read more…