Page 35 - GS250302
P. 35

NewProducts















                             Socure                             industries—the platform delivers an unprecedented 96.4
                                                                percent identity recurrence rate, Socure stated, adding
                              RiskOS                            that this means most identities have already been verified,
           www.socure.com/solutions/riskos                      enabling faster, more accurate decisioning with reduced
                                                                friction.

                                                                RiskOS also employs SocureID, a unique identity mapping
                                                                system designed to continuously monitor identity chang-
                                                                es, fraud risks and regulatory exposures. Businesses can
                                                                instantly decide on any Socure dataset at any point in the
                                                                customer journey—without writing a single line of code,
                                                                the company pointed out.
                                                                Key use cases

                                                                Socure affirmed that RiskOS addresses five critical areas
                                                                of identity security and risk mitigation:

                                                                    • Consumer onboarding: Reduces application aban-
                                                                      donment with advanced identity verification and
                                                                      AI-powered decisioning, achieving a ~90 percent
         Redefine ID security                                         approval rate.

        with speed, certainty                                       • Business onboarding: Automates KYB (Know Your
                                                                      Business) processes, including UBO checks and
                                                                      sanction screening, streamlining compliance.
                       and trust                                    • Bank account verification: Instantly validates bank

                                                                      account ownership and  status, preventing unau-
                                                                      thorized transactions.
              n an era when fraud costs businesses hundreds of
              billions of dollars annually, fragmented security     • Account takeover prevention: Detects unauthor-
                                                                      ized access attempts using AI-driven anomaly de-
              strategies and outdated solutions fall short in com-
        I bating sophisticated fraud tactics. Socure, a pro-          tection and behavioral analytics.
        vider of AI-driven digital identity verification, compliance   • Trust and safety: Ensures frictionless, low-PII iden-
        and fraud prevention, introduced RiskOS, a cutting-edge       tity  verification  for  marketplaces  and  digital  plat-
        risk decisioning platform designed to revolutionize iden-     forms, enhancing user trust.
        tity security and compliance across industries.
                                                                A new standard in risk decisioning
        Socure noted that RiskOS builds upon Socure’s acquisition
        of Effectiv, integrating a powerful orchestration and de-  With dynamic no-code rule building, unified case man-
        cisioning engine with Socure’s industry-leading identity   agement and flexible APIs, RiskOS enables businesses to
        verification and fraud prevention technology. The result,   rapidly adapt to evolving fraud threats. And its A/B test-
        the  company  added,  is  a  transformational  platform  that   ing and shadow mode allow organizations to refine deci-
        processes tens of thousands of real-time computations per   sioning strategies with minimal risk, the company point-
        second  and  launches  with  over  50  pre-integrated  third-  ed out.
        party data solutions—all accessible through an intuitive,
        no-code interface.                                      Now available across industries including finance, fintech,
                                                                gaming, ecommerce and telecommunications, RiskOS was
        Why RiskOS stands out                                   created to redefine identity security—offering businesses
                                                                speed, certainty and trust in an increasingly digital world.
        Identity certainty is at the core of RiskOS. Leveraging So-
        cure’s proprietary identity graph—which includes over 4   Find out more at www.socure.com/solutions/riskos.
        billion known outcomes across 2,800 customers and 40+
                                                                                                                35
                                                                                                                35
   30   31   32   33   34   35   36   37   38   39   40