Socure
The AI platform for identity and risk decisioning
About Socure
Socure is an AI-powered identity verification and fraud prevention platform that helps businesses verify consumers, businesses, and employees in real time. Using an extensive identity graph and machine learning models, it powers KYC, onboarding, and fraud detection for 3,000+ organizations including 18 of the 20 top U.S. banks, fintechs, and government agencies.
Pros & Cons
Pros
- High accuracy with low false-positive rates, improving auto-approval of legitimate users
- Sub-2-second document verification response times
- Single API covers onboarding, login, KYB, and fraud across the customer journey
- Trusted by 18 of the top 20 U.S. banks and major fintechs
- Strong KYC/AML compliance coverage including watchlists and PEP screening
- Configurable no-code dashboard for tuning risk thresholds
Cons
- Enterprise pricing is expensive and typically requires custom quotes
- Setup fees can run \u00245,000-\u002425,000+ depending on integration complexity
- Steep learning curve for analytics and account management features
- Photo recognition can occasionally fail in edge cases
- Overage rates run 20-40% higher than committed-volume pricing
Key Features
Predictive DocV
Document verification with sub-2-second response times for IDs, passports, and licenses.
Identity Graph
Billions of data points used to verify and correlate consumer identities in real time.
KYC & AML Compliance
Automated KYC/AML screening including watchlists, PEP, and adverse media.
Fraud & Deepfake Detection
AI models detect synthetic identities, account takeovers, and deepfake attacks.
Business Verification (KYB)
Verify businesses, beneficial owners, and authorized representatives in one workflow.
Capture App
Guided mobile capture SDK that corrects for blur, glare, and low light during ID scans.
Account Verification
Real-time bank account ownership and validity checks for ACH and payment workflows.
Configurable RiskOS Dashboard
No-code dashboard for tuning risk thresholds, workflows, and use cases per segment.
Single API Deployment
One API for onboarding, login auth, and contact center identity decisions across the user journey.
Pricing
- Pay-as-you-go platform credits
- Self-serve RiskOS access
- Identity verification + fraud controls
- No long-term contract
- Enterprise-grade APIs
- Volume-based per-transaction pricing
- Full RiskOS platform access
- Predictive DocV + Identity Graph
- KYC, KYB, AML & fraud modules
- Dedicated implementation & support
- Custom workflows and SLAs
Best For
Bank & Fintech Onboarding
Verify new account applicants in real time with KYC, document checks, and fraud signals to maximize auto-approval.
Crypto & Sportsbook Compliance
Meet regulatory KYC/AML requirements while screening for synthetic identities and bonus abuse.
Government Identity Programs
Verify constituents accessing benefits or services with privacy-respecting identity assurance.
Account Takeover Prevention
Use identity signals at login and high-risk events to block ATO and deepfake-driven fraud.
Business (KYB) Verification
Onboard merchants and B2B customers by validating businesses and beneficial owners in one workflow.
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