Industry-leading identity verification platform recognized for its overall approach to fraud prevention and mitigation, as well as its first-party fraud solution designed to combat the $100 billion "friendly fraud" crisis

Socure, the leading provider of artificial intelligence for digital identity verification, compliance, sanctions screening, and fraud prevention in over 190 countries, today announced it has been named the winner of Datos Insights' 2025 Impact Awards in the Best Digital Identity Verification Solution and Best First-Party Fraud Solution categories for its overall work in the digital identity verification (IDV) space as well as its Sigma First-Party Fraud solution.

The prestigious recognitions highlight Socure's groundbreaking suite of products that address the financial services industry’s most pressing identity verification priorities. Last year, the company launched its industry-first First-Party Fraud Consortium. This cross-industry initiative unites financial institutions, fintechs, payment platforms, sports betting companies, and BNPL providers, including five of the top 10 financial institutions in the U.S.

“We are honored to receive these recognitions from Datos Insights for our innovative approach to streamlining the user-identification process and combating first-party fraud,” said Johnny Ayers, CEO and founder of Socure. “This award validates our commitment to helping customers stay ahead of increasingly sophisticated fraud schemes.”

The Datos Insights Impact Awards in Fraud & AML recognize companies that are “leading the industry and pioneering new and disruptive financial crime products and capabilities.” The awards program evaluates solutions that are “bringing the financial services industry one step closer to triumphing in the fight against fraud, money laundering, and other illicit activity.”

“Socure's dual recognition in our Impact Awards reflects their ability to tackle distinct but related challenges in fraud prevention,” said Jim Mortensen, Strategic Advisor at Datos Insights. “Their suite of identity fraud solutions address the authentication and verification needs at onboarding, while their First-Party Fraud solution tackles the harder problem of detecting when legitimate customers intend to act in bad faith. Both solutions demonstrate the power of cross-industry data collaboration.”

Submissions for Best Digital Identity Verification Solution were scored based on a platform’s level of innovation, its competitive advantage assessment, market needs assessment, ability to assess financial risk mitigation across identification, prevention, and detection; a future roadmap; and other tangible impacts such as customer experience, operational efficiency, integration ease, and scalability.

As winner of Best First-Party Fraud Solution, Socure's Sigma First-Party Fraud tool leverages advanced artificial intelligence and machine learning to analyze millions of accounts and billions of transactions, providing organizations with manipulation risk scores that enable instant risk assessment at customer onboarding. The solution offers real-time alerts and continuous monitoring capabilities, allowing organizations to act quickly to prevent fraud across the entire customer lifecycle and actively combat the $100 billion annual crisis in the U.S. alone.

“First-party fraud has evolved into an ever-present threat that traditional fraud prevention methods simply cannot address,” said Ori Snir, Head of Product Management, Fraud & Identity Solutions at Socure. “By bringing together the industry's leading financial institutions and platforms, we've created an unparalleled network effect that enables us to identify and stop fraudulent behavior before it can take root across multiple platforms. We’re thrilled that Socure’s hard work has been recognized by Datos Insights in this way.”

For more information about Socure, please visit: https://www.socure.com/

About Socure

Socure is the leading platform for digital identity verification, compliance and fraud prevention solutions, trusted by the largest enterprises and government agencies to build trust and mitigate risk. Leveraging AI and machine learning, Socure's industry-leading platform achieves the highest accuracy, automation, and capture rates in the industry. With last year’s acquisition of Effectiv, Socure launched its RiskOS™ platform to offer end-to-end decisioning and orchestration for identity fraud and payment risk management, integrating advanced transaction monitoring, credit underwriting and know-your-business (KYB) solutions into its platform.

Serving more than 3,000 customers and 190+ countries across financial services, government, gaming, healthcare, telecom, and e-commerce, Socure's customer base includes 18 of the top 20 banks, the largest HR payroll providers, the largest sportsbook operators, 58 organizations across the public sector, and more than 600 fintechs. Leading organizations including Capital One, Uber, Angi, Citi, Chime, SoFi, Green Dot, Robinhood, Dave, Gusto, Poshmark, DraftKings, PrizePicks, the State of California and many more trust Socure to deliver certainty in identity across onboarding, authentication, payments, account changes, and regulatory compliance. Learn more at www.socure.com.

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