NEW YORK--(BUSINESS WIRE)--Socure, a leading provider of predictive analytics for digital identity verification, today announced it was named a Cloud 100 Rising Star for 2018 by Forbes. Cloud 100 Rising Stars are the 20 fastest-growing cloud companies that are still too small or too young for the The Forbes Cloud 100 list of the biggest and best private companies in the cloud. The company was also recently named an IDC Innovator for identity proofing by research firm International Data Corporation (IDC).
Socure is profiled in the Forbes story: Cloud 100 Rising Stars: Meet 20 Of The Cloud's Breakout Up-And-Comers For 2018
According to Forbes, “The Forbes Cloud 100 represents a who's who of the biggest and best private companies in the cloud, but it doesn’t tell the whole story. Right behind this year's winners is a new crop of underdogs, breakout up-and-comers in cloud computing who are looking to follow in their footsteps—or even come for their laurels.
At Socure, CEO Tom Thimot and cofounders Sunil Madhu and Johnny Ayers are using identity-verification software to create new opportunities for “credit invisible” people such as immigrants and young adults.”
“Being named a Forbes Cloud 100 Rising Star is a special honor and powerful validation for our business model and technology,” said Tom Thimot, CEO for Socure. “Our ability to solve the digital identity verification problem for financial institutions and payment processors using advanced data science techniques, including artificial intelligence and machine learning, addresses a huge market opportunity. The traditional credit bureau approach has run its course and can’t meet the digital and mobile-first requirements of today’s younger consumers.”
Socure ID+ Platform
The patented Socure ID+ predictive
analytics platform verifies whether digital identities are authentic,
fake, synthetic, or stolen. It is powered by Aida, the world’s first
digital identity verification robot, which combines artificial
intelligence, unsupervised machine learning and clustering algorithms to
validate customer identity from consented online, social, mobile, and
offline data in real-time. By calculating risk and correlation scores,
Socure ID+ empowers businesses to dramatically increase online
transaction acceptance rates, as well as reduce manual reviews and fraud.
Resources
Aida: https://www.socure.com/technology
ID+:
https://www.socure.com/id-plus
Use
Cases: https://www.socure.com/use-cases
Digital
ID Verification: https://www.socure.com/resources
Socure
Privacy Policy: https://www.socure.com/privacy
About Socure
Socure is
the leader in high-assurance digital identity verification. The
company’s predictive analytics platform applies artificial intelligence
and machine learning to trusted online/offline sources including email,
phone, address, IP address, social media and traditional GLBA/DPPA data
to authenticate identities in real-time. The Socure ID+ platform reduces
fraud by up to 90 percent, lowers manual review/knowledge-based
authentication (KBA) rates by as much as 80 percent, and automates
Customer Identification Program (CIP) for over 90% of the US adult
population. For more information visit www.socure.com.
