Socure

👻 When it comes to financial and digital inclusion, no one deserves to be ghosted. In a recent study, Socure found that more than 50% of Gen Z and legal immigrants report difficulties verifying their identities online. We call these population segments “Digital Ghosts” – or those without enough of a financial footprint to pass identity verification checks required for accessing essential financial and government services. Digital Ghosts have little to no record of credit cards, loans, rental leases, home purchases, or mobile device plans, leaving them without the necessary credit bureau history and public records data to clear traditional identity verification systems. Here's the problem: Digital Ghosts can't easily establish the credit history demanded by conventional identity verification methods. But without gaining access to these services, building a financial footprint becomes nearly impossible. 👀 Read the report here: https://bit.ly/47QZxYw

How many customers are you losing due to issues with inclusive identity verification? 🤔 By 2030, Gen Z will account for 27% of the world’s population. Despite their enormous consumer power, Gen Z individuals are part of the rising population of “digital ghosts” — people who struggle with online identity verification due to their economic position and background because they lack a financial footprint. Learn more about America’s digital ghosts here  👉 https://lnkd.in/eiTgXvYA 

👀 These findings from Socure’s research study on financial accessibility and inequality reveal to a clear inclusivity gap in the digital economy: 👉 Over half of American immigrants have experienced difficulties with online identity verification. 👉 Immigrants report that it takes them more than two years to build enough digital footprint to open financial doors. 👉 21% of immigrants report that their struggle to establish a digital footprint is lifelong. Learn more about the rising Digital Ghosts population and the crucial steps necessary to promote financial inclusion for immigrants here: 🔗 https://bit.ly/4es0Mjs 🔗

Our marketing team is up and at ‘em with the sunrise gearing up for our first Sponsor Bank Summit.

Last week, Socure founder and CEO Johnny Ayers delivered a fireside chat — An Evening in the Cloud with AI — with University of Nevada, Reno president Brian Sandoval. Johnny shared his college experience, why Socure was founded, and how the future of AI will transform the digital experience for consumers, constituents, and students. It was incredible to see a room full of elected leaders, entrepreneurs, retired executives, technologists, and the brightest Honors College students learn about Johnny’s story and Socure’s mission — to verify 100% of good identities in real time and completely eliminate identity fraud on the internet. Thank you to the University of Nevada Honors College for organizing! Check out the event below >>

🚨 Don't miss the webinar today at 2 p.m. ET, hosted by American Banker featuring Socure’s VP of Compliance Debra Geister and Director of Solutions Consulting Nicholas Collinger. Attendees of this webinar can expect to: 💡 Discover the latest and most pressing threats, such as P2P payment scams, synthetic identities, and money mules, and understand how they can infiltrate your portfolio. 📊 Learn from practical examples of effective risk management, including recent portfolio audits and case studies, to see how they identified and addressed hidden risks. 🎯 Gain actionable strategies and best practices for enhancing your risk management framework, including advanced tools and technologies for proactive portfolio screening. Register here: https://bit.ly/4gxY7Gb

I'm hiring! Want to join a hypergrowth startup on a mission to verify 100% of good identities and eliminate identity fraud? I'm looking for a seasoned Product Manger with solid financial services \ payments experience to join my team and work with world class mentors like Eric Woodward and Kevin Moss. Feel free to reach out if you're interested or know someone who might be interested.

🔎 Compliance professionals are facing dynamic sanctions screening requirements under close regulatory scrutiny. Traditional watchlist solutions struggle to prove demonstrable controls are in place and are awash in false positives with labor-intensive manual reviews, which drive up operational costs and risk regulatory enforcement actions. This installment in our Outperform series delves into how we continuously enhance our Global Watchlist Monitoring Solution performance — and the tangible benefits this brings to our customers. Through our latest efforts, Socure has enhanced our Global Watchlist Monitoring Solution performance by: 🚀 Increasing the accuracy of watchlist name matching algorithms from 81.8% to an impressive 99.2% 🎯 Introducing an industry-first 2-stage score that redefines the sanctions screening process 👀 Reducing manual review time by 75% — from 10 minutes to just 2.5 minutes Click here to read the Outperform blog post: https://lnkd.in/eWN2MHxf

The risk of an identity can change in an instant. When onboarding a new account, it’s crucial to answer two questions: ➡️ Are you a real person? ➡️ Are you who you say you are? But as fraudsters evolve their tactics, deploying sophisticated techniques like deepfakes and synthetic identities to bypass security measures, organizations need to answer a third crucial question: ➡️ Are you still who you say you are? In our latest blog from Director of Product Marketing Paul Wiederkehr, learn why a holistic and dynamic view of an identity — rather than disjointed authentication solutions — is needed to ensure the person attempting to access an account or execute a transaction is still the legitimate verified customer. Read here 🔗 https://bit.ly/3BlymJj

I’m excited to share that I’ll be speaking at Socure’s Sponsor Bank Summit next week! Join me in a panel discussion with experienced compliance officers who have successfully navigated consent orders and emerged stronger. Gain valuable insights, best practices, and actionable steps to enhance compliance readiness and organizational resilience. Find out more about Socure’s exclusive Sponsor Bank Summit here 👉 https://lnkd.in/gdW_muJF