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Socure Named a Leader in Inaugural Identity Verification Solutions Report by Independent Research Firm

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Press release content from Business Wire. The AP news staff was not involved in its creation.
December 15, 2022 GMT


Socure, the leading provider of digital identity verification and fraud solutions, today announced it has been named a Leader in The Forrester Wave™: Identity Verification Solutions, Q4 2022, an inaugural report published by Forrester Research.

Forrester evaluated 12 of the top identity verification vendors based on 22 criteria, in the categories of current offering, strategy, and market presence. Socure received the highest attainable scores in 11 criteria, including physical ID document basis, email address basis, address verification, behavioral biometrics, data quality and link analysis, and case management.

The Forrester report noted Socure’s “solution is a good fit for companies looking to operationalize identity risk scoring based on identities’ position and links in identity graphs.”

“We’re very proud to be recognized as a Leader in Forrester’s first Wave for identity verification,” said Johnny Ayers, founder and CEO of Socure. “We believe our commitment to our mission to identify 100% of good identities in real time and completely eliminate identity fraud for every interaction on the internet has allowed us to become the most accurate and inclusive identity verification solution in the market. I celebrate this recognition with the entire Socure team, our customers, partners, and investors as we work together toward 100% classification of good identities.”


The recognition from Forrester follows a long list of acknowledgements that Socure has received in 2022. Last month, Socure appeared on the Deloitte Technology Fast 500, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America. A month earlier, the company earned a spot on CB Insights Fintech 250, a ranking of the most innovative financial technology companies. In August, Socure earned a top-third position at No. 1,397 on the Inc. 5000 2022 list, a ranking of the nation’s fastest-growing private companies. Also that month, Socure made the 2022 Forbes Cloud 100 List.

Socure has built the industry’s most comprehensive and accurate identity-verification graph. To deliver the highest-assurance assessments of consumers in the market, Socure analyzes and correlates every facet of a digital identity while utilizing over 17,000 features, 8 billion rows of data, and a continuous feedback loop of decision outcomes from 1,400+ customers. Leading brands have standardized on Socure’s identity verification and fraud platform including Chime, SoFi, Robinhood, Gusto, Public, Stash, and DraftKings. Last year alone, the company introduced three industry-leading solutions including Sigma Identity Fraud, DocV, an award-winning fully-automated and integrated, document verification solution, and finally the industry’s most accurate and inclusive KYC solution. This year Socure announced its newest Sigma Synthetic Fraud model, a synthetic identity fraud detection solution that identifies manipulated and fabricated identities with unmatched precision and over 90% synthetic ID fraud capture. The company also announced its global expansion for DocV, device risk, AML, and eKYC in Canada, the United Kingdom, and Europe.


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 1,400 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, and DraftKings. 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.


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