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Socure, a global leader in AI-driven digital identity verification and fraud prevention, has been honored with two prestigious Datos Insights’ 2025 Impact Awards for Best Digital Identity Verification Solution and Best First-Party Fraud Solution. These accolades recognize Socure’s innovative approach to tackling fraud in the financial services industry.
Socure’s dual wins at the Datos Insights’ 2025 Impact Awards highlight its leadership in addressing critical fraud prevention challenges. The Best Digital Identity Verification Solution award acknowledges Socure’s comprehensive platform, which streamlines user authentication and compliance across 190 countries. The Best First-Party Fraud Solution award recognizes its Sigma First-Party Fraud tool, designed to combat the $100 billion “friendly fraud” crisis 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.
In 2024, Socure launched its pioneering First-Party Fraud Consortium, a cross-industry initiative uniting financial institutions, fintechs, payment platforms, sports betting companies, and BNPL providers, including five of the top 10 U.S. financial institutions. This collaborative network enhances Socure’s ability to detect and prevent fraudulent behavior by leveraging shared data, creating a powerful defense against sophisticated fraud schemes.
The Sigma First-Party Fraud tool utilizes advanced artificial intelligence and machine learning to analyze millions of accounts and billions of transactions. It provides manipulation risk scores for instant risk assessment during customer onboarding, supported by real-time alerts and continuous monitoring. “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.”
The Datos Insights Impact Awards evaluate solutions based on innovation, competitive advantage, market needs, risk mitigation, and tangible impacts like customer experience and scalability. “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.” Socure’s tools enhance operational efficiency, improve customer experiences, and ensure compliance, addressing the financial services industry’s most pressing identity verification priorities.
Socure’s recognition in the 2025 Datos Insights Impact Awards underscores its transformative impact on digital identity verification and fraud prevention. By leveraging AI and cross-industry collaboration, Socure is setting new standards for combating fraud, ensuring safer and more efficient financial ecosystems worldwide.
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.
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