Socure Verifies Over 2.7 Billion Identity Requests in 2024, Achieves Market-Leading Performance Amidst Increasing AI and Fraud Threats

The front provider verification identity verified more than 370 m Unique identity in the past year, doubled a total of 2023

Socure, The AI ​​front platform to verify digital identity, fraud and screening of sanctions achieved unrivaled growth and performance in 2024. In the middle of the era of growing threats of deep crimes, injection attacks and automated shoes, Socure not only met Socore, Socore, Socure, Socore , Socore, Socure, Socure, Socore, Socure, Socore, Socure Challenge, but it outperformed this industry and provided a solution that was constantly improving while competitors fought with accuracy with degradation.

The Socure platform has verified 2.7 billion identity requirements In 2024, representing 370 million unique identitiesdoubling its sums of 2023. The Customer Base of the Society has expanded to include by 42% to more than 2,800 organizations Overhanging industries such as financial services and fintech, government, telecommunications, electronic trade, insurance, marketplace and playing. Only in the public sector grew partnership of Socore 193%now serves 13 US states, 30+ state agencies, 20+ university institutions and two federal agencies.

Socure ended 2024 with GAAP revenues grew by 54% year -on -year and exceeded all of his financial goals and achieved 108% of new reservations and 121% of modified operating profit plansStrengthen the demand for the most accurate, comprehensive and powerful verification of market identity, AML and fraud prevention.

Power driven AI is still improving as threats evolve

While AI and automation seized fraudsters, Socore’s Ai Solutions prospered in offensive and provided unprecedented accuracy and efficiency through combined force AI innovation and Network Consortium Risk Insights. This growing consortium leads to a unique Network effect: With each identity decision, the platform is smarter, faster and more efficient.

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Key main performance points include:

• Prevention of fraud: Suite fraud sigma captured 92% of fraud with ID only the strongest Top 3% of usersCompared to the industry diameter 37%. In addition, Socure reached a 40% year -on -year decrease in false positivesAllows customers to approve more legitimate consumers and at the same time improve income – management for less than 100 milliseconds.
• Identity verification: Socure to verify The measurement rate of customer verification reached up to 99% for the populations of commonby 3% year -on -year and verified By 30% more 18 -year -old and 92% of consumers Gen Z compared to competitors.
• Verification of the document: Socure’s Docv The solution led the industry with 98.2% of the actual acceptance of the rate and completed verification in an unrivaled 1.5 seconds (speed P99).
• First -page fraud consortium: The first and largest consortium of industry industry now includes the industry 190 million contributed by identities, 325 million accountsand 20 billion transactionsCreating a unified approach to the detection and stopping of fraud from the first page.

“Our mission is that public markets work for all people by creating a technology that makes it a quick, safe and friction portfolio. Partnership with Socore was helpful in achieving this goal. Their Identity Verification Platform allows us to quickly, accurately and safely ensure the customer’s trouble -free experience, preventing fraud, ”he said,” he said, ”he said,” said Stephen SikesCOO in public. “This cooperation allows our members to invest with certainty in various assets because they know that their identity and accounts are protected from the beginning.”

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New innovations and widespread abilities

Non -Innovation Socure has been underlined by submitting 16 new patents In 2024, with two patents granted for progress in fraud prevention technology and document verification technology. Socure also got a Position leader in inauguration 2024 Gartner® Magic Quadrant ™ to verify identity.

Socure has expanded its management in verification of identity by starting improvements on their Assumeachievement The first level of preliminary filling of more than 90%, overcome any other competitor 40% in absolute expression.

Socure also solved new identities and risky vectors for multi-factor authentication, Zelle, progressive deck, SIM swaps and profile changes using e-mails and verification of the Socure phone with coverage and fraud that have the rest of the industry by 20% AO 20% AA 25% Absolute . Finally, Socore was able to use AI to shorten the sanctions from 15 minutes to less than one minute using his agent Genai and much more. These skills allow businesses on board, verification, authentication and risk rate of customers faster and more precisely than ever and ensure confidence at any interaction in any case of consumer use.

Perspective of CEO

“Identity is the basis of trust in today’s digital economy,” he said Johnny AyersFounder and CEO of Socure. “We are not just to fight more and more sophisticated fraudsters using deep, synthetic IDs, automated agents and complex injection attacks – we transform it, as businesses immediately verify good customers, almost perfect accuracy. Our growth reflects massive demand for certainty to verify identity across industries, and after deployment we show that no one brings performance or value like Socure. ”

Acquisitions and expansion of industry

At the end of 2024, Socore further expanded its skills with acquisition Effectivelyreal -time decision -making company. This step expands the range of Socure to $ 200 billion Corporate fraud industrycomprising Payments fraud, subscribing loans and monitoring AML transactions. Socure customers can now draw any third -party data provider into their workflows, import all data specific to the customer, create any rule or combination of rules, calculate 10,000 real -time calculations, train any model at any point of the customer’s life cycle with complete Flexibility without code.