Latest news with #JohnnyAyers
Yahoo
5 days ago
- Business
- Yahoo
Socure and Baselayer Partner to Deliver Next-Gen Business Identity Verification via RiskOS™
INCLINE VILLAGE, Nev., Aug. 7, 2025 /PRNewswire/ -- Socure, the leading provider of AI-powered digital identity verification, compliance, and fraud prevention solutions, today announced a strategic partnership and integration with Baselayer, the market-leading Business Identity, Credit, and Fraud provider. By embedding Baselayer's high-fidelity business verification and fraud signals into the RiskOS™ platform, the partnership enables Socure customers to onboard 100% of good business applications. The collaboration showcases Socure's commitment to growing its partner ecosystem and allowing any 3rd party data service to be integrated into the RiskOS platform. Currently, RiskOS offers over 85 pre-integrated services. Designed from the ground up, RiskOS is an extensible risk decisioning platform that integrates any best-in-class data source, empowering customers to configure real-time workflows and make confident decisions with unparalleled speed and precision. "RiskOS was purpose-built to be the most open, intelligent, and powerful decisioning platform in the industry," said Johnny Ayers, Founder and CEO of Socure. "Our vision is to empower organizations to make the most precise risk decisions, seamlessly and at scale, by integrating effortlessly with any system or service they choose to rely on. The addition of Baselayer's consortium data further strengthens RiskOS' KYB capabilities, accelerating the onboarding of legitimate businesses while proactively stopping fraud before it starts. This is how our customers grow with confidence and scale fast." By integrating Baselayer's business identity network, which aggregates fraud and risk signals from over 2,200 financial institutions, into RiskOS, Socure customers gain access to one of the most comprehensive business verification datasets in the industry. Combined with Socure's network of 3,000 customers, the partnership now touches approximately 40 percent of the U.S. financial services market. This expanded intelligence enables earlier fraud detection, reduces false positives, and increases automation in complex KYB workflows. The outcome is faster revenue capture, improved compliance, and a streamlined onboarding experience for both traditional businesses and sole proprietors. "Our mission is to unify and de-risk the fragmented business identity landscape," said Jonathan Awad, Co-Founder & CEO of Baselayer. "Partnering with Socure brings our insights to an industry-leading decisioning layer, delivering smarter verification and risk decisions at scale." As highlighted in Liminal's 2025 Business and Entity Verification Report, Socure and Baselayer were both named among the top 20 leaders shaping the future of KYB. The report recognized Socure's RiskOS platform for its automation, integration flexibility, and end-to-end capabilities in identity, fraud, and business verification. Read the full report here. The Socure-Baselayer integration marks the latest expansion of the RiskOS partner ecosystem, which now includes over 85 pre-integrated data providers. This collaboration delivers immediate impact across industries where business verification is critical. In banking and lending, institutions can accelerate KYB and underwriting with higher auto-approval rates and fewer false positives. Fintechs and B2B SaaS platforms can fight promotional abuse and duplicate account creation using Baselayer's fraud signals layered into RiskOS workflows. Marketplaces gain a more efficient path to verifying sellers and service providers at scale. And government agencies can streamline grant disbursements and contract vetting with unified business and UBO verification - all through a single, flexible API. About SocureSocure is the leading platform for digital identity verification, compliance 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 last year's acquisition of Effectiv, Socure 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, 58 organizations across the public sector, and more than 600 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 About BaselayerBaselayer is the leading business identity network and fraud consortium, offering KYB, risk, and legal signals through real-time APIs. Serving over 2,200 financial institutions, Baselayer's solutions deliver trusted verification, proactive fraud detection, and compliance-ready insights. Learn more at View original content to download multimedia: SOURCE Socure
Associated Press
23-07-2025
- Business
- Associated Press
Socure Introduces First-Ever Dispute Abuse Score to Stop Serial Fraudsters Across Industries
Sigma First-Party Fraud Solution Detects Repeat Abusers at Scale with Unprecedented Visibility into Suspicious Activity Across the Financial and eCommerce Ecosystems INCLINE VILLAGE, Nev., July 23, 2025 /PRNewswire/ -- Socure, the leading platform for digital identity verification, compliance, and fraud prevention in over 190 countries, today announced the launch of its Dispute Abuse Score, the industry's first risk model purpose-built to predict the likelihood that individuals will abuse dispute processes, including Reg-E policies. This solution enables organizations to proactively and post-transaction detect repeat abusers who exploit dispute processes across platforms, a form of first-party fraud that costs U.S. businesses tens of billions of dollars annually. 'Dispute and Reg-E abuse have historically been two of the hardest forms of first-party fraud to detect, with bad actors hiding behind clean or slightly manipulated identities to exploit consumer protections,' said Johnny Ayers,CEO and Founder of Socure. 'Socure's Dispute Abuse Score changes the power dynamic by providing fraud and review teams with mission critical intelligence that the industry has never had access to, until now.' This game-changing innovation demonstrates Socure's continued leadership in defining the future of first-party fraud detection and addressing the evolving tactics of bad actors. Unlike legacy fraud tools and inferior platforms that just can't keep up with the pace of fraudster innovation, this purpose-built model is fueled by Socure's proprietary First-Party Fraud Consortium and Identity Graph, analyzing dispute histories, account closures, payment denials, geolocation and device intelligence from over 350 million identities and nearly 30 billion transactions. This cross-industry visibility enables organizations to identify repeat abusers who would otherwise remain hidden when institutions operate in isolation. This innovation further accentuates Socure's industry leadership role with RiskOS™ as the platform for every identity and risk decision, Socure's global and local ID graphs at the core of every differentiated insight and the market's best-performing products the Socure team has built its stalwart reputation on. The Dispute Abuse Score delivers predictive risk assessments and supporting intelligence at onboarding, transaction, or dispute resolution, empowering risk teams to: 'Socure's new Dispute Abuse Score represents exactly the kind of innovative, data-driven solution our industry needs to stay ahead of repeat abusers who exploit consumer protection mechanisms,' said Mandy Goettelman, Chief of Staff at Green Dot Corporation. 'As a founding member of Socure's First-Party Fraud Consortium, Green Dot understands the critical importance of industry collaboration in combating these sophisticated fraud schemes. This tool will help us better protect our customers while ensuring legitimate disputes are processed efficiently, ultimately creating a safer and more trustworthy financial ecosystem for all.' Dispute abuse, known as Reg E abuse in the debit world, has emerged as a critical threat across industries. Recent proprietary research from Socure reveals the scope of this challenge: 'Socure's new solution underscores its unique position in First Party Fraud,' said Jim Mortensen, Strategic Advisor at Datos Insights' Fraud & AML Practice. 'It delivers real-time intelligence to give financial institutions an edge in spotting high-risk behaviors to transform how they manage trust, friction, and fraud prevention throughout the customer lifecycle.' Built on insights from Socure's cross-industry consortium, Sigma First-Party Fraud goes beyond traditional tools by identifying serial abusers through risk signals that span across sectors, including e-commerce, gig work, and gaming, where it manifests under terms like 'buyer's remorse' or 'bettor's remorse.' The Dispute Abuse Score marks the second major model released under Socure's Sigma First-Party Fraud solution, following the Identity Manipulation Score launched in March 2025. About Socure Socure 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, 58 organizations across the public sector, and more than 600 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 View original content to download multimedia: SOURCE Socure
Yahoo
29-04-2025
- Business
- Yahoo
Socure Launches Advanced Pre-Fill Solution via RiskOS™ Platform to Transform Digital Customer Onboarding
Socure offering delivers 25% absolute higher auto-prefill rates vs competition to streamline UX while uniquely enhancing fraud prevention and authentication concurrently INCLINE VILLAGE, Nev., April 29, 2025 /PRNewswire/ -- Socure, the leading platform for digital identity verification, compliance and fraud prevention operating in over 190 countries, today announced the launch of Socure's Advanced Pre-Fill, a groundbreaking solution that redefines the customer onboarding experience, leveraging the industry's most comprehensive and accurate identity graph within its real-time decisioning and orchestration platform, RiskOS™. Socure's Advanced Pre-Fill dramatically streamlines onboarding by pre-populating application forms with the highest-verified identity information available—delivering speed, security, and scalability like never before. Socure's proprietary identity graph is the nucleus of everything it does. It sees deeper, wider, and across more customers, more interactions, and more time, with feedback learning to sharpen its intelligence with each additional decision. Every single device, document, phone, or identity verification decision reinforces the next, compounding intelligence across the entire customer lifecycle. That's why Socure leads the market in identity coverage—detecting synthetic identities others miss, stopping injection attacks legacy vendors can't see, and accurately determining device ownership with dramatically lower collision rates. With consumers frequently abandoning onboarding due to time-consuming forms, businesses lose millions in revenue each year. Socure's Advanced Pre-Fill eliminates that friction by requiring minimal input from users, all while achieving a 91% match rate—far surpassing the industry average of 66%. This performance leap translates into higher conversion rates, faster time to fund, and reduced customer drop-off. "The digital onboarding experience represents a critical first moment in the customer relationship, yet many organizations still struggle with high abandonment rates, or insufficient and inaccurate prefill rates. Socure's Advanced Pre-Fill is a transformative leap forward in digital onboarding," said Johnny Ayers, founder and CEO at Socure. "After fielding extensive inbound demand, we've combined our market-leading identity graph with real-time AI-powered intelligence via RiskOS™ to not only increase conversions but also increase accuracy and reduce fraud risks—all in one seamless, fully automated pre-fill workflow." Unlike legacy systems that rely heavily on limiting phone or credit header data, Socure's solution taps into a vast array of authoritative signals—phone and carrier data, device information, graph intelligence, multi-bureau, tax, public records and more—to construct a rich, multi-dimensional view of identity. Customers can leverage multiple combinations of input fields like Phone + last 4 digits of an SSN, Phone + DOB, Phone + Email, etc., depending upon their specific business requirements. Socure's advanced entity resolution technology ensures the highest levels of precision, while its analytics-driven framework continuously scans for anomalies across internal and external datasets. Beyond basic indicators like phone tenure, velocity, usage or location, Socure evaluates a robust spectrum of identity, device and possession factors, enabling organizations to onboard trusted users quickly and confidently. Socure's Advanced Pre-Fill is available via client-side and server-side SDKs and APIs, making it easy to integrate into any digital application experience. Streamlined Onboarding with Enhanced Security Socure's Advanced Pre-Fill addresses multiple business challenges simultaneously: Accelerates Customer Onboarding: By implementing form fill automation with authenticated data, businesses can onboard customers significantly faster, enhancing user experience and boosting conversion rates. Prevents Sophisticated Fraud: Device Intelligence, ID Graph Intelligence, and multiple layers of authentication directly from the carriers not only ensures the best possible population coverage and entity resolution, but additionally plays a role in enabling instant fraud decisions. Measurable Business Impact Socure Advanced Pre-Fill delivers measurable business impact through: Enhanced User Experience: Minimized manual data entry leading to faster completion times and lower abandonment rates, resulting in higher customer satisfaction and trust. Operational Efficiency: Automated data collection and verification have reduced manual review burden, streamlined onboarding workflows, and improved data accuracy. Improved Security: Socure's predictive identity and fraud signals ensure that only verified individuals gain access, protecting businesses from financial and reputational losses. Socure's Advanced Pre-Fill is already widely available for financial services, fintech, gaming, telecom, healthcare, and government organizations seeking to transform their digital onboarding experience via the RiskOS™ platform. For more information about Socure's Advanced Pre-Fill, visit About Socure Socure is the leading provider of digital identity verification and fraud prevention solutions, trusted by the largest enterprises and government agencies to build trust, reduce friction, and eliminate fraud across the globe. With coverage across 190 countries and 3,000+ customers—including 18 of the top 20 banks, the largest HR payroll platforms, four federal agencies, and over 600 fintechs—Socure delivers industry-best accuracy, automation, and capture rates. Following its acquisition of Effectiv, Socure now offers end-to-end identity fraud and payment risk management, with advanced capabilities in transaction monitoring, credit underwriting, and know-your-business (KYB) via its RiskOS™ platform. Leading organizations including Capital One, Citi, Chime, Gusto, Robinhood, DraftKings, the State of California, and many more trust Socure to power digital trust in onboarding, authentication, payments, account updates, and compliance. Learn more at View original content to download multimedia: SOURCE Socure
