Socure Receives 2023 Banking Tech Award for Tech of the Future in the Identification, Authentication and Verification Category

Johnny Ayers, Founder and CEO, Wins for Tech Leadership

Socure, the leading provider of digital identity verification and fraud solutions, today announced that its Socure ID+ platform has been honored with the Tech of the Future: Identification, Authentication and Verification award at the 2023 Banking Tech Awards, powered by Fintech Futures. Socure’s founder and CEO, Johnny Ayers, also won the Tech Leadership award for Software and Service Providers. These awards recognize Socure’s outstanding achievements and successes in the banking and fintech industry.

The Banking Tech Awards celebrate and acknowledge the achievements of financial institutions and technology providers, showcasing the most influential and groundbreaking projects and initiatives across the country. Winners are chosen by a panel of industry experts who evaluate the nominations based on their results, impact, and overall excellence.

Socure’s wins highlight and celebrate the company’s commitment to its mission to verify 100% of good identities in real-time and completely eliminate identity fraud for every applicant on the internet. The Socure ID+ platform combines advanced machine learning and artificial intelligence with all elements of a consumer's identity to deliver the most accurate and robust identity verification and proofing, Know Your Customer (KYC), document verification, and fraud risk prediction solutions in the market.

“I and the entire Socure team are honored by this recognition,” said Ayers. “This recognition is testament to the hard work and dedication of our team to deliver on our mission. I couldn’t be more excited to be recognized as the industry gold standard alongside many of our customers and investors like Wells Fargo and others that we partner closely with to accurately identify and onboard more good consumers while reducing fraud as our platform processes billions of transactions a year.”

Recognition at the Banking Tech Awards further solidifies Socure’s status as the leader in the identity verification and fraud prevention space. The company's commitment to innovation, data science, and accurate and inclusive identity verification has garnered widespread acclaim and positioned Socure as a trusted partner for financial institutions.

For more information visit www.socure.com.

About Socure

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 physical government-issued documents as well as email, phone, address, IP, device, velocity, date of birth, SSN, and the broader internet to verify identities in real time. The company has more than 1,700 customers across the financial services, government, gaming, healthcare, telecom, and e-commerce industries, including four of the top five banks, 13 of the top 15 card issuers, the top three MSBs, the top payroll provider, the top credit bureau, the top online gaming operator, the top Buy Now, Pay Later (BNPL) providers, and over 400 of the largest fintechs. Marquee customers include Chime, SoFi, Robinhood, Gusto, Public, Poshmark, Stash, DraftKings, State of California, and Florida's Homeowner Assistance Fund. Socure customers have become investors in the company including Citi Ventures, Wells Fargo Strategic Capital, Capital One Ventures, MVB Bank, and Synchrony. Additional investors include Accel, T. Rowe Price, Bain Capital Ventures, Tiger Global, Commerce Ventures, Scale Venture Partners, Sorenson, Flint Capital, Two Sigma Ventures, and others.

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