Abdallah ibn Al-Aftas

Socure and Public.com Win the 2022 Best in Future of Trust Award from IDC with the Use Case of Solving for Identity Verification: Balancing Fraud Risk, Customer Friction & Compliance

Retrieved on:

Wednesday, January 26, 2022

In doing so the company has made financial investments more accessible through technology for its customers."

Key Points:

In doing so the company has made financial investments more accessible through technology for its customers."
Our results with Public.com are indicative of what we see across our entire customer base, said Johnny Ayers, founder and CEO of Socure.
Enterprises of all sizes rely on Socure not just for identity verification, compliance, and fraud protection, but most importantly for growing their business.
Founder and CEO Johnny Ayers has also been recognized by Goldman Sachs as one of the 100 Most Intriguing Entrepreneurs of 2021 .

Aite-Novarica Group Recognizes Socure as the Only Vendor in Its Best-in-Class Circle Amongst Eight Competitors in Its Global Document Identification and Verification Impact Report

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Friday, December 10, 2021

Socure , the leading provider of digital identity verification and fraud solutions, announced its industry-leading predictive identity document verification product tops the list as the number one, best-in-class solution in Aite-Novarica s Global Document Identification and Verification Impact Report.

Key Points:

Socure , the leading provider of digital identity verification and fraud solutions, announced its industry-leading predictive identity document verification product tops the list as the number one, best-in-class solution in Aite-Novarica s Global Document Identification and Verification Impact Report.
In addition, Socure was the only company included in Aites best-in-class circle for vendor stability, client strength and service, and product features.
And with a recent $450M Series E and a $4.5B valuation, Socure is the highest-valued and clear market leader in the identity verification space.
Founder and CEO Johnny Ayers has also been recognized by Goldman Sachs as one of the 100 Most Intriguing Entrepreneurs of 2021 .

Socure Adds Former Chief of Staff in the White House Office of the Federal CIO to Help Public Sector Avoid Billions in Identity Fraud Losses and Revolutionize Public Access to Government Services

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Monday, December 6, 2021

I joined Socure to promote a more equitable and inclusive identity verification standard for the American public and transform the way public sector benefits and services are accessed and delivered, said Burris.

Key Points:

I joined Socure to promote a more equitable and inclusive identity verification standard for the American public and transform the way public sector benefits and services are accessed and delivered, said Burris.
Prior to his role at Socure, Burris served at the intersection of policy and delivery as the Chief of Staff in the White House Office of the Federal Chief Information Officer.
Before joining the government in 2017, Burris worked for Deloitte, helping both commercial and public sector clients improve their cybersecurity risk management practices.
Jordan will drive a meaningful dialogue with government agencies to solve their identity fraud challenges, eliminate massive financial losses, and improve inclusive access to government benefits and services.

Seller-Related Identity Fraud Is the Biggest Threat to E-Commerce Providers and Platforms this Holiday Season

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Monday, December 6, 2021

Socure , the leading provider of digital identity verification and fraud solutions, today unveiled its Consumer Online Shopping Fraud Survey 2021: Holiday Edition*.

Key Points:

Socure , the leading provider of digital identity verification and fraud solutions, today unveiled its Consumer Online Shopping Fraud Survey 2021: Holiday Edition*.
In fact, 51% of consumers are reluctant to do business with smaller merchants due to the perceived risk of fraud.
These findings indicate consumers are dubious about the safety of shopping online this season, and e-commerce platforms need to be prepared.
Socure has a tailored e-commerce solution that provides the most comprehensive approach to identity verification and fraud to ensure superior marketplace health.

Socure Ranked as the Fastest-Growing Identity Verification Company in North America on the 2021 Deloitte Technology Fast 500™

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Thursday, November 18, 2021

Hardware, Other Professional Services, Security, Data Management, Technology, Nanotechnology, Finance, Banking, Professional Services, Other Technology, Telecommunications, Software, Networks, VoIP, Internet, Mobile, Wireless, Cloud, Sorenson, Automation, Adoption, Address, CEO, Technology, Friction, Industry, SoFi, DraftKings, Financial technology, Tiger Global Management, Health, List, Deloitte, Voyager, Goldman Sachs, Deloitte Technology Fast 500, Trust, Scale Venture Partners, American, Bain Capital Ventures, Accel, Telecommunication, Science and technology in Asia, FB MSBS Grot, Organization, Abdallah ibn Al-Aftas, Synchrony, Government, Web data services, Internet, Citibank, Growth, Intelligence, Forbes, IP, Cryptocurrency, Accounting, the 2021 Deloitte Technology Fast 500™, Deloitte, Socure, THE 2021 DELOITTE TECHNOLOGY FAST 500™, DELOITTE, SOCURE

Socures revenue grew 783% from 2017 to 2020 and is the highest-valued company in the identity verification industry.

Key Points:

Socures revenue grew 783% from 2017 to 2020 and is the highest-valued company in the identity verification industry.
Deloittes recognition of Socure as one of the fastest-growing companies is another indicator of our market leadership in the identity verification space, said founder and CEO of Socure, Johnny Ayers .
Each year the Technology Fast 500 shines a light on leading innovators in technology and this year is no exception, said Paul Silverglate , vice chair, Deloitte LLP and U.S. technology sector leader.
Now in its 27th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies both public and private in North America.

Socure Accelerates Mission to be the First to Verify 100% of Identities and Eliminate Identity Fraud Across all Industries with a $450M Investment Led by Accel and T. Rowe Price at a $4.5B Valuation

Retrieved on:

Tuesday, November 9, 2021

View the full release here: https://www.businesswire.com/news/home/20211109006037/en/

Key Points:

View the full release here: https://www.businesswire.com/news/home/20211109006037/en/
The round is part of a Series E transaction led by Accel alongside funds and accounts advised by T. Rowe Price Associates, Inc.
The company is also accelerating its market leadership in telehealth, gaming, e-commerce marketplaces, and the public sector.
Socure customers have also become investors in the company including Citi Ventures, Wells Fargo Strategic Capital, Capital One Ventures, MVB Bank, Voyager, and Synchrony.
Identity fraud continues to be fueled by the pandemic as more businesses and government agencies race to digitize, but with devastating consequences.

Socure Publishes Industry’s First Digital Identity Fairness and Inclusion Report

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Tuesday, October 26, 2021

Socure , the leading provider of digital identity verification and fraud solutions, today at Money 20/20 announced the industrys first Digital Identity Fairness and Inclusion Report.

Key Points:

Socure , the leading provider of digital identity verification and fraud solutions, today at Money 20/20 announced the industrys first Digital Identity Fairness and Inclusion Report.
Report Key Findings and Takeaways:
Socure ran a head-to-head accuracy and auto-acceptance rate comparison against a legacy identity verification provider evaluating hundreds of thousands of transactions.
For the ML fraud model portion of the analysis, Socure tested hundreds of thousands of transactions and evaluated Socures Sigma Identity top 200 predictors.
No ML models at Socure get deployed into production without rigorous performance, sensitivity and fairness bias testing, said Pablo Abreu , chief product and analytics officer at Socure.

Socure Announces Sigma Identity Fraud—The Industry’s Most Accurate Identity Fraud Solution

Retrieved on:

Monday, October 25, 2021

Socure , the leading provider of digital identity verification and fraud solutions, today announced the industrys most accurate identity fraud solution, Socure Sigma Identity Fraud.

Key Points:

Socure , the leading provider of digital identity verification and fraud solutions, today announced the industrys most accurate identity fraud solution, Socure Sigma Identity Fraud.
Sigma Identity Fraud Solution Highlights:
Socure Sigma Identity Fraud is the first application fraud solution that binds device data to the individual using the device to deliver better identity decisions in a holistic model.
Socures Sigma Identity Fraud is the first application fraud solution that analyzes identity behavior across industries and the consumer lifecycle to improve results.
Trained with feedback data from the industrys leading consortium of 750+ clients, Sigma Identity Fraud delivers better fraud models and improves any fraud program.

Socure Reports Breakout Third Quarter Bookings and Customer Growth as It Extends Its Leadership in the Identity Verification and Fraud Prevention Space

Retrieved on:

Monday, October 25, 2021

Socure , the leading provider of digital identity verification and fraud solutions, today announced the results of another record-breaking quarter reflecting the accelerating adoption of its industry-leading digital identity verification and fraud platform.

Key Points:

Socure , the leading provider of digital identity verification and fraud solutions, today announced the results of another record-breaking quarter reflecting the accelerating adoption of its industry-leading digital identity verification and fraud platform.
Socure achieved 500% year-over-year bookings growth in the third quarter of 2021 achieving the fifth consecutive quarter of record year-over-year revenue dollar growth.
Socure achieved a net retention rate of 179% driven by near-zero attrition and its enterprise customers increasingly deploying multiple Socure products across various divisions making Socure their complete KYC, document verification, AML, and fraud prevention platform.
Socure leads the market by significantly reducing fraud and customer friction in a single platform for companies across multiple online industries.

225 of Kasasa’s Financial Institution Clients Select Industry-Leading Identity Verification and Fraud Platform from Socure

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Wednesday, October 13, 2021

Kasasa , an award-winning financial technology and marketing provider, and Socure , the leading provider of digital identity verification and fraud solutions, today announced that 225 of Kasasas INMO clients, comprised solely of community financial institutions that leverage Kasasas digital account opening platform, have upgraded to Socures industry-leading identity verification and fraud platform.

Key Points:

Kasasa , an award-winning financial technology and marketing provider, and Socure , the leading provider of digital identity verification and fraud solutions, today announced that 225 of Kasasas INMO clients, comprised solely of community financial institutions that leverage Kasasas digital account opening platform, have upgraded to Socures industry-leading identity verification and fraud platform.
Partnering with a vendor like Socure helps us advance our mission of providing community financial institutions with the technology they need to compete with megabanks.
Our platform helps ensure financial inclusion, a frictionless user experience, and improved reduction in fraud.
Socure is the leading platform for digital identity verification and trust.