Socure Named a Top Provider in Liminal's Business and Entity Verification Report; Unveils Global Expansion of its Know Your Business Solution
INCLINE VILLAGE, Nev., June 26, 2025 /PRNewswire/ -- Socure, the leading platform for digital identity verification, compliance, and fraud prevention operating in over 190 countries, today announced it has been featured as a top industry leader in Liminal's recent Link Index: Business and Entity Verification (BEV) report. Market intelligence firm Liminal recognized Socure for its unique end-to-end Know Your Business (KYB)/Know Your Customer (KYC) solution, now available globally.
"Socure's ranking in our recent report underscores its accelerated leadership in KYB innovation," said Will Charnley, Chief Operating Officer of Liminal. "We were particularly impressed with Socure's ability to provide an integrated BEV solution combining business verification, identity validation, and fraud prevention within a single API."
According to Liminal's Link Index: Business and Entity Verification report, the Business Entity Verification (BEV) market is projected to grow from $2.1 billion in 2025 to $3.1 billion by 2029 (11.18% CAGR). The report evaluated 127 providers and identified 20 leaders based on product capability, strategy, and market presence, and highlighted Socure for its integrated KYB/KYC offering, AML risk scoring, Ultimate Beneficial Owner (UBO) identification, and government ID number verification capabilities. The report underlined several key differentiators that positioned Socure among the market leaders:
AI-driven workflow customization allows organizations to tailor verification processes based on industry-specific requirements
Intelligent waterfalling capabilities across multiple, global third-party data sources for enhanced accuracy
Real-time compliance monitoring including Politically Exposed Persons (PEP) screening, sanctions monitoring, and adverse media detection
Cross-jurisdictional verification and location intelligence capabilities
Simplified procurement through consolidated contracting and bundled verification solutions
Single API infrastructure integrating KYB, identity verification, and fraud prevention capabilities
"Today's enterprises encounter significant pressure to swiftly onboard businesses while maneuvering through intricate regulatory landscapes and rising fraud risks," stated Johnny Ayers, CEO and founder of Socure. "Our RiskOS™ platform tackles these challenges by facilitating real-time KYB, UBO verification, sanctions screening, and document checks via a unified API. With enhanced onboarding speeds and adaptable risk workflows, Socure empowers organizations to drive growth while ensuring compliance and security. Being acknowledged by Liminal as a leading KYB provider is a compelling endorsement of our team's dedication to fostering trust in business onboarding."
The report concluded: "Socure continues to expand through strategic acquisitions and partnerships, investing in fraud analytics, AI-driven decisions, and risk management to solidify its market leadership in KYB and identity verification. Ongoing workforce growth, particularly in AI-driven fraud detection and automation, reflects its commitment to product innovation and market expansion."
Strategic Partnerships and Global Expansion to Address Critical Verification Challenges
This momentum builds on the company's deep integration with KYB leader Middesk and comes just six months after Socure launched its groundbreaking RiskOS™ solution, underscoring the company's rapid progress in leading the consumer identity and business verification industries globally.
Socure's proprietary Identity Graph connects hundreds of billions of identity data points to not only authenticate individual identities but also tie those identities to the business entities, identifying both direct applicants and UBOs in the onboarding process. Socure assists clients in requisition and validating the required ownership and controls information from business applicants, and can screen those entities and individuals.
Now available in 190 countries, Socure is the only platform to truly offer a unified solution that combines comprehensive KYB and KYC capabilities, including identity verification, ownership structure analysis, risk assessment, sanctions and watchlist screening, and adverse media monitoring—enabling instant customer onboarding while drastically reducing fraud losses through automation.
About SocureSocure is the leading platform for digital identity verification and fraud prevention solutions, trusted by the largest enterprises and government agencies to build trust and mitigate risk. Leveraging AI and machine learning, Socure's industry-leading platform achieves the highest accuracy, automation and capture rates in the industry. With the acquisition of Effectiv, Socure has launched its RiskOS™ platform to offer end-to-end decisioning and orchestration for identity fraud and payment risk management, integrating advanced transaction monitoring, credit underwriting and know-your-business (KYB) solutions into its platform.
Serving more than 3,000 customers and 190+ countries across financial services, government, gaming, healthcare, telecom, and e-commerce, Socure's customer base includes 18 of the top 20 banks, the largest HR payroll providers, the largest sportsbook operators, 67 state and federal agencies, and more than 500+ fintechs. Leading organizations including Capital One, Uber, Angi, Citi, Chime, SoFi, Green Dot, Robinhood, Dave, Gusto, Poshmark, DraftKings, PrizePicks, the State of California and many more trust Socure to deliver certainty in identity across onboarding, authentication, payments, account changes, and regulatory compliance. Learn more at www.socure.com.
Learn more at www.socure.com.
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