NEW YORK--(BUSINESS WIRE)--Socure, a leading provider of predictive analytics for digital identity verification, today announced it is a Red Herring Top 100 North America Winner for 2018. The prestigious annual list recognizes the continent’s most exciting and innovative private technology companies.
Winners were selected from a wide range of industries including fintech, marketing, security, IoT and more by a panel of industry experts, insiders, and journalists based on financial performance, innovation, business strategy and market penetration. Socure has been invited to showcase its business at the Red Herring Top 100 Global event in October.
“North America has led the way in tech for so many years, and to see such unique, pioneering entrepreneurs and companies this year has been a thrilling experience. The competition was incredibly strong,” said Red Herring chairman Alex Vieux. “We believe Socure embodies the drive, skill, and passion on which tech thrives. The company should be proud of its achievement.”
Red Herring’s editors have been evaluating the world’s startups and tech companies for over two decades. It gives them the ability to see through the industry’s hype, and pick firms that will continue on a trajectory to success. Brands such as Alibaba, Google, Kakao, Skype, Spotify, Twitter and YouTube have all been singled out in Red Herring’s storied history.
“We are grateful for being named a Red Herring 100 Company, joining so many technology giants who have previously won this award,” said Tom Thimot, CEO of Socure. “Our identity verification software sources live digital data and correlates thousands of online and offline data points to create a true, holistic model of authentic customer identity in seconds. Socure provides game changing technology for enterprises that want to onboard new customers with zero friction while virtually eliminating fraud.”
Socure ID+ Platform
The patented Socure ID+ predictive analytics platform verifies whether digital identities are authentic, synthetic, or stolen. The company’s deep learning technology establishes an unprecedented level of trust and certainty for online transactions. The ID+ platform applies advanced data science techniques to hundreds of sources of consented online, social, mobile, and offline data to validate the authenticity of digital identities in real-time.
Socure is the leader in high-assurance digital identity verification. The company’s predictive analytics platform applies artificial intelligence and machine learning to trusted online/offline sources including email, phone, address, IP address, social media and traditional GLBA/DPPA data to authenticate identities in real-time. The Socure ID+ platform reduces fraud by up to 90 percent, lowers manual review/knowledge-based authentication (KBA) rates by as much as 80 percent, and automates Customer Identification Program (CIP) for over 90% of the US adult population. For more information visit www.socure.com.