Business and Product Insights

Socure offers a robust set of features centered around identity verification and fraud prevention. Key product features include real-time identity verification (Socure ID+), enabling instant decisions on customer identities during onboarding. Their platform leverages advanced AI and machine learning, combining vast data sources (e.g., credit bureau data, telecom records, utility data, device intelligence, behavioral biometrics, and more) to create a comprehensive identity graph. Fraud detection capabilities encompass synthetic identity fraud, account takeover, payment fraud, and first-party fraud. Socure also provides document verification (Socure DocV), biometric authentication, and compliance solutions like KYC (Know Your Customer) and AML (Anti-Money Laundering) checks. Features also extend to configurable decisioning engines, case management tools for manual review, and comprehensive reporting and analytics dashboards to provide insights into fraud trends and performance. The system is designed for high accuracy, minimizing false positives and negatives, and boasts high auto-approval rates, streamlining the customer journey while maintaining security.