#United States #AI #Deloitte Fast 500 #Socure #Incline Village

Socure Celebrates Its Remarkable Achievement

For the fifth consecutive year, Socure, an innovative leader in artificial intelligence for digital identity verification, has secured a place on the renowned 2024 Deloitte Technology Fast 500 list. This recognition not only highlights the company’s accelerated growth but also its groundbreaking approach in replacing outdated methods of identity verification and fraud prevention.

Founded by Johnny Ayers, Socure has consistently focused on harnessing advanced AI and machine learning technologies. "Our relentless commitment to solving complex identity and fraud challenges with unmatched accuracy and inclusivity sets us apart in this fast-evolving digital landscape," stated Ayers during the announcement. Socure’s success is grounded in its extensive ID graph, which continually provides crucial insights into both good and bad identities, thereby increasing reliability with each transaction.

As the digital economy expands, so does the threat of fraud. Socure’s innovative strategies not only aim to verify 100% of legitimate identities but also endeavor to eradicate identity fraud entirely. The Deloitte Technology Fast 500™ recognizes the 500 fastest-growing tech companies across North America, covering sectors such as technology, media, telecommunications, life sciences, fintech, and energy tech. Companies are ranked based on their fiscal growth percentages over a three-year period from 2020 to 2023.

In a statement, Steve Fineberg, the vice chair and U.S. technology sector leader at Deloitte, noted, “The fintech sector has shown remarkable growth, even surpassing life sciences for the first time in the history of this ranking. This year’s winners have showcased vision and expertise that undeniably warrant celebration.” Socure’s patent-protected Socure ID+ platform has revolutionized identity verification by integrating document verification, customer validation, and fraud risk prediction within a single API solution. This innovative platform evaluates a myriad of data points and digital signals, providing businesses with real-time trust and risk assessments.

Additionally, earlier this year, Socure was also included in the Inc. 5000 list for the third consecutive year, a testament to its astounding growth trajectory. Recently, the company announced its acquisition of the Effectiv AI platform, further enhancing its commitment to deliver comprehensive fraud and risk management solutions.

Deloitte’s Technology Fast 500 has acknowledged that eligibility for recognition requires companies to own proprietary technology that directly contributes to the majority of operating revenues. These companies must have been operational for a minimum of four years and achieve significant base revenues.

Socure’s achievements reinforce its status as a principal player within the identity verification landscape, with a client roster boasting some of the largest enterprises and government entities. The company serves over 2,700 clients, including 18 of the top 20 banks. This expansive user base highlights Socure's significant impact on industries ranging from financial services to healthcare and beyond.

In summary, Socure’s recognition as one of the fastest-growing tech companies showcases not just a financial milestone but also reflects a commitment to innovation in the face of evolving digital threats. By integrating advanced technology with user-friendly solutions, Socure continues to deliver exceptional returns on investment for its clients while leading the charge against identity fraud.