Socure | Latest News & Updates - Feb 27, 2025 Release

The Florida Department of Commerce plans to retain Socure's SaaS Identification Application and API for identity verification and fraud prevention, with a contract response deadline of March 18, 2025...


Brought to you by RivalSense - an AI tool for monitoring any company.

RivalSense tracks the most important product launches, fundraising news, partnerships, hiring activities, pricing changes, tech news, vendors, corporate filings, media mentions, and other developments of companies you're following 💡


Socure

🌎 socure.com

Socure is the leading platform for digital identity verification and trust, utilizing predictive analytics, artificial intelligence, and machine learning to verify identities in real time. The company serves over 2,000 customers across various industries, including financial services, government, and e-commerce, and has received numerous accolades for its innovative solutions in fraud detection and compliance.


Socure - Latest News and Updates

  • The Florida Department of Commerce plans to retain Socure's SaaS Identification Application and API for identity verification and fraud prevention, with a contract response deadline of March 18, 2025.
  • Socure will participate in MRC Vegas 2025 and Fintech Meetup 2025 from March 10 to March 13, 2025.
  • John Watkins has left Socure, where he served as Director Solutions Consulting, to join Ally as Senior Director Fraud Analytics and Data Science in the United States.
  • Arun Kumar, CTO of Socure, will be a panelist at the NY Enterprise Tech Meetup on March 18.
  • Socure's DocV now verifies documents in 1.26 seconds, 91% faster than in 2023, with a 93% reduction in fraud acceptance and a True Reject Rate of 98.8%.
  • Socure, a digital security startup, claims its AI technology can reduce financial fraud by 80-90% compared to traditional methods.
  • Joshua Linn, GM and SVP of ML Product Management at Socure, emphasizes the importance of resolving date of birth conflicts for accurate identity verification.

Sign up to receive regular updates


If you liked the insights, consider following your own companies of interest. Receive weekly insights directly to your inbox using RivalSense.