Socure Compliance Suite

Seamless, automated compliance across the entire customer journey.

Protect your organization with market-leading data coverage, unmatched precision and accuracy, demonstrable controls, and world-class tools to efficiently manage your operations.

Market-leading data coverage

• Eliminate coverage gaps with our diverse and authoritative data sources that enable precise identity resolution of nearly any consumer.

Precise and accurate customer verification

• Uninterrupted sanctions compliance
• Streamlined reviews
• Confidence for a dynamic regulatory environment
• Up to 99% verification of mainstream populations
• Up to 94% verification of Gen Z consumers
• Up to 40% reduction in manual reviews
• Exceed regulatory requirements for Patriot Act, CIP, OFAC, and more.

Orchestrated customer verification, compliance risk assessment and decisioning delivered via a single API.

Socure’s compliance solutions are designed with compliance professionals in mind for easy integration with your current infrastructure, minimizing disruption, and maximizing efficiency. Adapt to dynamic regulations with continuously re-trained models, eliminating manual rule-based updates and risk of non-compliance.

Socure Verify

Non-documentary CIP verification delivers confident identification of high vs. low risk customers for precise extraction of risk layers without impacting good customers.

Global Watchlist Screening with Monitoring

Hyper-accurate watchlist screening with automated monitoring and real-time alerts ensure uninterrupted compliance with sanctions enforcement. Automated case management streamlines review of identified risks for rapid dispositioning.

eCBSV

Obtain additional assurance for high-risk customers to mitigate potential disparities, reinforce CIP compliance, and counter synthetic fraud through thorough validation of name, SSN, and DOB with the issuing authority.

Instantly verify a customer’s government-issued ID, such as a driver’s license or passport using document forensics and facial biometrics to satisfy CIP documentary verification requirements, or as additional assurance for a secure, real-time exception process.

An innovative, no code hosted customer decision platform that aligns policy with process, provides demonstrable controls, simulates proposed logic changes with actual customer data, and automates the customer decisioning process.

Decisioning

Dashboard and Analytics Tools

Intuitive point and click dashboards provide the health of your business at-a-glance, with full transparency into matches, reasoning, and emerging risks.

Socure delivers the new gold standard for compliance excellence.

Pairing our comprehensive data with our industry-leading use of advanced AI and ML technology ensures confident decisions, stronger compliance, automation, cost savings, and the auditability regulators require.

Unmatched data coverage

• Diverse, authoritative data from hundreds of traditional and alternative sources
• Industry-best coverage of hard-to-verify populations including Gen Z and new-to-country
• Proprietary cross-industry feedback data of billions of known transaction outcomes

Unsurpassed accuracy

• Patented identity clustering matches customer profiles at scale minimizing false positives/negatives.
• Intelligent risk assessment from contextual information such as addresses, transaction history, and relationship networks delivers a holistic risk profile for each entity.
• Reduce disparate impact from negative ethnic, racial, age, and socioeconomic bias present in legacy solutions.

Self-Service Dashboard and Decisioning

• Confidence in operations with side-by-side comparison of customer input data and the single best-matched entity.
• Customize and adjust acceptable risk parameters to your business requirements in real-time.
• No code configuration and management of decision flows through simple UI - no dev resources required.
• Simulate customer decision logic changes using real customer data before deploying live.
• Automated customer exceptions processing.
• Alignment of policies and procedures to customer decisioning.

Applicable Use Cases

• New customer onboarding
• Ongoing KYC/CDD processes
• Data quality and entity resolution
• Efficiently manage audits with interactive reports, data, and visualizations anyone can understand.

Datos Insights 2023 AML Impact Award Winner - Best Know Your Customer/Business Innovation. Recognized for innovation in accurate, inclusive verification of hard-to-identify populations including Gen Z, new-to-country, credit-invisible and thin-file.

The largest enterprises with the most stringent regulations—4 out of 5 top banks, 7 of 10 top card issuers along with hundreds of fintechs trust Socure.

For more information, contact us at salesinfo@socure.com.