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Socure is a technology company based in New York, founded in 2012 by Johnny Ayers and Sunil Madhu. The company specializes in digital identity verification and fraud prevention solutions, aiming to verify legitimate identities in real-time and eliminate identity fraud online.
Socure offers an identity verification platform that utilizes artificial intelligence and machine learning to authenticate digital identities and predict fraud throughout the customer lifecycle. Their flagship product, the Sigma Fraud suite, combines validated personal identifiable information from numerous data sources with real-time detection of anomalies and risk signals. This allows for nearly 100% accurate identity fraud decisions in under 150 milliseconds, significantly reducing false positives and manual reviews.
With nearly 2,200 customers, including major banks, fintech companies, and payment platforms, Socure has been recognized as one of the fastest-growing tech companies by Deloitte for five consecutive years as of 2024. The company provides a unified platform that helps organizations securely onboard and authenticate customers while minimizing fraud risk.