NEW YORK--(BUSINESS WIRE)--Socure, the leading provider of digital identity verification and fraud solutions, today announced the continued growth of its executive leadership team with the addition of Debra Geister as vice president of product commercialization, compliance, and regulatory. Geister will work closely with regulators and customers to ensure that Socure products meet the industry’s ever-evolving and extremely complex regulatory standards. She will be dedicated to meeting, listening, educating, and supporting Socure customers, as well as working with the Socure sales and product teams to optimize product functionality based on customer feedback.
With more than two decades of experience in the banking compliance and anti-money laundering industries, Geister is a recognized leader in the financial crime detection field. She has worked with many of the largest financial institutions as well as technology and data companies, both global and domestic, to help eliminate and reduce money-laundering, fraud, and related financial risks.
“Everyone at Socure is extremely excited for Debra to join our KYC and AML compliance leadership team,” said Johnny Ayers, founder and CEO of Socure. “Debra’s extensive management and regulatory experience building AML and fraud policies as well as operational teams for multiple Tier 1 financial institutions – combined with 10+ years innovating on the solution provider side of the house – is the ideal combination for this executive position. I can’t say enough how grateful I am that she has decided to join Socure as we continue to help our clients meet and exceed their KYC and AML regulatory requirements, while maximizing acquisition rates and accuracy. Welcome to the team, Debra!”
Prior to Socure, Geister was a Senior Vice President of the Financial Intelligence Unit and Bank Secrecy Act (BSA) Officer at MetaBank, where she and her team improved processes and operational standards while successfully parsing complex regulatory issues. She also worked as a Senior Director at LexisNexis Risk Solutions, where she helped clients integrate better data, decisioning, and investigative tools into their BSA and fraud detection processes. In addition, Geister spent time in industry, data, and technology consulting focused on financial crime detection strategies.
“I have dedicated my career to fighting both money laundering and fraud and educating customers and analysts about the dynamics of financial crime,” said Geister. “I joined Socure to continue solving the challenges of our customers. My passion has always been problem-solving and I am excited to work with the world-class, anti-fraud Socure solutions.”
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 email, phone, address, IP, device, velocity, and the broader internet to verify identities in real time. The company has more than 500 customers across the financial services, gaming, healthcare, telecom, and e-commerce industries, including four of the top five banks, seven of the top 10 card issuers, three of the top MSBs, the top payroll provider, the top credit bureau, top crypto exchanges, top Buy Now, Pay Later providers, the largest online gaming operators, and over 100 of the largest fintechs. Marquee customers include Chime, Varo Money, Public, Stash, and DraftKings. Investors include Accel, Commerce Ventures, Scale Venture Partners, Flint Capital, Capital One Ventures, Citi Ventures, Wells Fargo Strategic Capital, Synchrony, Sorenson, Two Sigma Ventures, and others.
Socure has received numerous industry awards and accolades, including being named to Forbes’ Fintech 50 List 2021, Forbes’ America’s Best Startup Employers 2021, being awarded Best New Technology Introduced Over the Last 12 Months—Data and Data Services at the 2020 American Financial Technology Awards (AFTAs), being ranked number 70 in Deloitte’s Technology Fast 500™, being listed as a Gartner Cool Vendor, being recognized by Forbes as one of the Top 25 Machine Learning Startups to Watch, being named to CB Insights: The Fintech 250, and being awarded Finovate’s Award for Best Use of AI/ML, to name a few.