{"id":10895,"date":"2023-09-28T20:09:04","date_gmt":"2023-09-28T20:09:04","guid":{"rendered":"https:\/\/businessyield.com\/tech\/?p=10895"},"modified":"2023-09-28T20:09:06","modified_gmt":"2023-09-28T20:09:06","slug":"socure-company-overview-features-competitors-more","status":"publish","type":"post","link":"https:\/\/businessyield.com\/tech\/technology\/socure-company-overview-features-competitors-more\/","title":{"rendered":"Socure: Company Overview, Features, Competitors & More","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"\n
Socure is a technology that uses predictive analytics to verify the digital identities of consumers. To validate identities in real-time, Socure’s predictive analytics platform makes use of artificial intelligence and machine-learning techniques. Integrating trustworthy online and offline data intelligence from numerous sources, such as email, phone, address, IP, device, velocity, and the wider internet, allows for this. This article aims to examine several aspects of Socure, including its historical background, business model, benefits, competitors, and more.<\/p>\n\n\n\n
Many companies use Socure to increase customer confidence and accelerate acquisition growth through numerous channels. Socure has over 1,000 customers, including major banking and fintech companies. Four of the five largest banks, seven of the ten largest credit card issuers, leading Buy Now, Pay Later (BNPL) suppliers, prominent cryptocurrency exchanges, and the largest online gaming operator trust Socure ID+, an identity verification platform.<\/p>\n\n\n\n
Our company is growing in telecommunications, payroll services, cryptocurrency, government and public sector, healthcare, online gambling, cable, and insurance. Socure uses automated machine-learning to manage identity fraud risk. Data-centric technologies for KYC and Global Watchlist Politically Exposed Person (PEP) compliance, including CIP and AML compliance, are also supported. Each item has reason codes to promote decision-making transparency. Identity verification applications using Secure ID+ may be easily integrated and developed using DevHub.<\/p>\n\n\n\n
In identity verification and fraud protection, Socure is the market leader. The platform validates numerous identification components in real time utilizing predictive analytics, AI, and machine learning. This validation technique uses many credible online and offline data sources. These include government documents, email addresses, phone numbers, physical addresses, IP addresses, devices, birthdates, and social security numbers. The company offers fraud risk, KYC\/CIP compliance, document verification, and bank account validation solutions. Socure’s platform is the industry standard for accurate identity verification and fraud detection for top companies in diverse industries. Starting with digital onboarding, it works throughout the customer lifecycle.<\/p>\n\n\n\n
Socure’s competitors are other companies operating in the same industry or market segment.<\/p>\n\n\n\n
Socure has competition from other entities that provide comparable fraud protection technologies. Presented below is a concise exposition highlighting several prominent Socure competitors in the field:<\/p>\n\n\n\n