Socure, the leading provider of digital identity verification and fraud solutions, has joined the FIDO (Fast IDentity Online) Alliance, a cross-industry coalition developing open, interoperable authentication standards that enable easy, private, and secure identity verification while reducing the use of unreliable passwords.
Socure is committed to advancing identity verification standards that make it easy to verify identity online and protect against identity fraud across industries. Socure’s mission is to verify 100% of good identities in real-time and completely eliminate identity fraud for every applicant on the internet. Its graph-defined platform combines advanced machine learning and artificial intelligence with all elements of a consumer's identity to deliver the most accurate and robust identity verification and proofing, Know Your Customer (KYC), and fraud risk prediction solutions in the market.
“Socure’s identity verification and fraud detection platform is the most accurate and inclusive on the market allowing consumers to verify their identities when engaging in online services,” said founder and CEO of Socure, Johnny Ayers. “Our goal is to identify good consumers quickly and with minimal friction, while bolstering identity assurance across the authentication ecosystem. Socure is pleased to join the FIDO Alliance so that we can work together with our peers to develop industry standards that strengthen the overall identity lifecycle to create seamless, secure online verification experiences for everyone.”
“Socure’s innovative approach and commitment to identity verification and fraud prevention aligns with the FIDO Alliance’s mission and makes them a great addition to our active membership. We are excited to welcome Socure to continue to drive our efforts toward ultimately reducing the world’s dependence on weak authentication and identity verification methods,” said Christina Hulka, executive director and COO of the FIDO Alliance.
As part of its mission, the FIDO Alliance works to:
- Develop technical specifications that define an open, scalable, interoperable set of mechanisms that reduce the reliance on passwords to authenticate users
- Operate industry certification programs to help ensure successful worldwide adoption of the specifications
- Submit mature technical specifications to recognized standards development organizations for formal standardization
As a sponsor of the FIDO Alliance, Socure will partner with other global technology leaders across industries to deliver on this shared mission.
About Socure
Socure is the leading platform for digital identity verification and trust. Its predictive analytics platform applies artificial intelligence and machine learning techniques with trusted online/offline data intelligence from physical government-issued documents as well as email, phone, address, IP, device, velocity, date of birth, SSN, and the broader internet to verify identities in real time. The company has more than 1,500 customers across the financial services, government, gaming, healthcare, telecom, and e-commerce industries, including four of the top five banks, 13 of the top 15 card issuers, the top three MSBs, the top payroll provider, the top credit bureau, the top online gaming operator, the top buy now, pay later (BNPL) providers, and over 250 of the largest fintechs. Marquee customers include Chime, SoFi, Robinhood, Gusto, Public, Stash, DraftKings, Poshmark, State of California, and Florida's Homeowner Assistance Fund. Socure customers have become investors in the company including Citi Ventures, Wells Fargo Strategic Capital, Capital One Ventures, MVB Bank, and Synchrony. Additional investors include Accel, T. Rowe Price, Bain Capital Ventures, Tiger Global, Commerce Ventures, Scale Venture Partners, Sorenson, Flint Capital, Two Sigma Ventures, and others.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230208005200/en/
Contacts
Angela Griffo
Socure
917-915-8563
angela.griffo@socure.com
