Boston, September 23, 2021 –Founded in 2012, Socure provides identity verification solutions that help companies comply with Know Your Customer regulations and empirically optimize the balance between fraud mitigation and customer acquisition. Socure’s Sigma Synthetic product was designed to detect criminals using synthetic identities to establish an account with which they intend to either incubate an identity or commit one of several forms of synthetic identity fraud.

Aite-Novarica Group’s inaugural Impact Innovation Awards in Fraud & AML are designed to recognize and celebrate innovations that are disrupting financial crime. Award recipients are leading the industry by identifying and implementing new products, capabilities, or levels of automation and effectiveness that bring our financial services industry one step closer to next-generation fraud and AML innovation. They are the financial institutions and technology providers, regardless of size or region, that others will follow.

Clients of Aite-Novarica Group’s Fraud & AML service can download this 13-page Impact Brief. To learn more about the topic covered in this Impact Brief, please contact us at [email protected].