Full-Time
Socure
201-500 employees
Digital identity verification and fraud prevention
No salary listed
Mid, Senior
Remote in India
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- 3-5 years of significant coding experience with Golang preferably in a product development company
- Strong programming and design fundamentals, problem-solving, and coding skills
- Strong analytical and reasoning skills with an ability to visualize processes and outcomes
- Strong desire to learn and grow, while building the best in class systems with a good grasp of concurrency and multi-threading
- Experience in microservices architecture and RESTful APIs
- Prior experience with high throughput and low latency storage and cloud computing, NoSQL(s), Big Data Analytics, ML services, and large-scale systems is a plus
- Design, develop, test, and debug components to run on distributed systems at great scale and speed
- Own nonfunctional requirements such as Scalability/Availability/Security
- Work on unit and integration tests and achieve good code and functional coverage
- Work towards creating enterprise-class documents for internal and external collaboration
- Break down a complex task into granular tasks, plan and execute them
- Work alongside team members to elevate technology and consistently apply best practices
- Work in an agile environment to deliver high-quality software
- Prior experience with high throughput and low latency storage and cloud computing, NoSQL(s), Big Data Analytics, ML services, and large-scale systems is a plus
Socure focuses on digital identity verification and fraud prevention for financial institutions like banks and credit unions. It uses machine learning and advanced algorithms to analyze customer data, helping clients quickly verify identities and reduce fraud risk. One of its main products, the Sigma Fraud Score, detects fraud by comparing transactions against a database of known fraudulent users. Socure operates on a subscription model, providing continuous access to its tools while assisting clients in meeting regulatory requirements.
Company Size
201-500
Company Stage
Debt Financing
Total Funding
$744.1M
Headquarters
New York City, New York
Founded
2012
Simplify's Take
What believers are saying
- Socure's subscription model ensures a steady revenue stream and continuous service updates.
- The launch of AI Copilot attracts clients seeking advanced AI-driven compliance solutions.
- Strategic executive hires indicate a strong focus on innovation and market alignment.
What critics are saying
- AI-powered scams using deepfakes challenge Socure's digital verification systems.
- The evolution of BEC attacks requires continuous adaptation of fraud prevention strategies.
- First-party fraud is harder to detect, posing a significant challenge to Socure.
What makes Socure unique
- Socure's Sigma Fraud Score is renowned for its accuracy in detecting fraud.
- The Identity Manipulation Risk Score is a pioneering tool against first-party fraud.
- Socure's AI Copilot enhances global watchlist screening and monitoring capabilities.
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Benefits
Competitive salary & equity
Comprehensive medical, dental, & vision coverage
FSA
Parental leave
401k
Life insurance
PTO
Growth & Insights and Company News
6 month growth
↑ 3%1 year growth
↑ 0%2 year growth
↑ 1%Socure has introduced a new tool designed to combat repeat first-party fraud. The new Identity Manipulation Risk Score, which is now embedded within Sigma First-Party Fraud, uses artificial intelligence (AI) and real-time data from Socure’s fraud intelligence network to help organizations detect bad actors at account opening and throughout the customer lifecycle, the company said in a Thursday (March 6) press release. “Identity manipulation is at the core of predicting first-party fraud, as most fraud prevention solutions fail to detect it,” Ori Snir, head of product management, fraud and identity solutions at Socure, said in the release
Socure, the leading AI-driven platform for digital identity verification, fraud prevention, and sanctions screening, today announced the launch of its Identity Manipulation Risk Score, the first-ever cross-industry predictive risk score designed to stop repeat first-party fraud abusers from exploiting the digital economy at scale.
Socure, the leading AI-driven platform for digital identity verification, fraud prevention, and sanctions screening, today announced the launch of its Identity Manipulation Risk Score, the first-ever cross-industry predictive risk score designed to stop repeat first-party fraud abusers from exploiting the digital economy at scale.This AI-powered capability is embedded within Sigma First-Party Fraud, Socure’s innovative solution that leverages the largest cross-industry first-party fraud consortium to perform real-time analysis of dispute histories, payment denials, and account closures across millions of identities and billions of transactions. Socure’s first-party fraud consortium spans major financial institutions, fintechs, payment platforms, sports betting companies and merchants providing an unmatched network of fraud intelligence from diverse sectors. Sigma First-Party Fraud provides organizations with critical risk signals, real-time risk monitoring and actionable intelligence to detect bad-faith actors at account opening and throughout the entire customer lifecycle.A Breakthrough in First-Party Fraud PreventionFirst-party fraud, or the use of one’s own identity to open an account and commit a dishonest act for personal or financial gain, is costing businesses over $100 billion annually. Unlike third-party fraud, which involves stolen or synthetic identities, first-party fraudsters exploit their real, verified credentials, making it far more difficult to detect. What’s worse, in a recent survey Socure found that nearly half (49%) of those who committed first-party fraud in 2024 said they did so because they got away with it in 2023, proving that repeat abuse is a growing problem without a deterrent.With the introduction of the Identity Manipulation Risk Score, organizations can now leverage Socure’s Sigma First-Party Fraud solution to quantify the likelihood of identity manipulation at critical decision points, including account opening, high-risk transactions, and dispute resolution. Identity manipulation behaviors include consumers applying for services with different emails or phone numbers to exploit multiple organizations using their own true identity
Socure has launched an innovative AI assistant that enhances its Global Watchlist Screening and Monitoring solution, revolutionizing digital identity verification.
The wide availability of selfies on social media has helped fuel artificial intelligence (AI)-powered scams. Speaking to Bloomberg News on Friday (Feb. 28), Center for Strategic International Studies researcher Julia Dickson said cybercriminals are stealing profile pictures and personally identifiable information or purchasing it from underground marketplaces. From there, scammers use the data to craft deepfakes that let them get around digital verification systems and know-your-customer (KYC) measures