Digital identity verification and fraud prevention solutions provider Socure has launched its AI-powered assistant.
The new AI Copilot will help reduce the number of false positives for Socure’s Global Watchlist Screening and Monitoring solution.
Socure most recently demoed its technology at FinovateFall 2017 in New York.
Digital identity verification, compliance, and fraud prevention company Socure unveiled its first AI-powered assistant for its Global Watchlist Screening and Monitoring solution. The AI Copilot enhances watchlist screening by reducing false positives, accelerating case reviews, and improving analyst decision-making.
High false positives, manual review, and regulatory complexity are three of the issues that traditionally make watchlist screening inefficient for most organizations. With regard to the regulatory challenges alone, firms have paid non-compliance penalties totaling more than $8 billion globally over the past two years.
Socure’s Global Watchlist Screening and Monitoring solution leverages a two-stage scoring system providing dual controls: a Name Match Scoring assignment and an Entity Correlation Score. The Name Match process determines how closely a customer’s name aligns with names on watchlists. This process is further enriched using personally identifiable information (PII).
The second stage assesses the likelihood that the source list and the matched entity are the same. This stage specifically helps minimize false positives and negatives, streamlining compliance by reducing the need for manual review.
In both stages, Socure’s AI Copilot brings consistency to workflows, minimizing human subjectivity and ensuring standardized documentation. The AI Copilot provides a clear, structured explanation of disqualification criteria, obviating the need for human analysts to draft decision narratives. At the same time, human analysts maintain the ability to confirm or override results, with all activity logged to ensure both transparency and compliance.
“The compliance landscape is evolving rapidly, and traditional watchlist screening simply hasn’t kept pace with the demands of modern risk management,” Socure VP of Regulatory and Compliance Solutions Debra Geister said. “With our AI Copilot, we are eliminating inefficiencies, slashing review times, and delivering the most precise match intelligence in the industry — all while reducing operational costs and analyst fatigue. This is a massive leap forward for compliance teams, giving them the speed, accuracy, and confidence they need to stay ahead of regulatory challenges.”
Headquartered in Incline Village, Nevada, Socure demonstrated its technology at FinovateFall 2017 in New York. In recent years, the company has grown into a major digital identity and fraud prevention solutions provider with more than 2,800 customers in financial services, government, marketplaces, e-commerce, and other industries. Socure’s clients include 18 of the top 20 banks and more than 500 fintechs.
Socure was recognized as a Leader in the 2024 Gartner Magic Quadrant for Identity Verification for its “Completeness of Vision and Ability to Execute.” The company began this year noting that it verified more than 2.7 billion identity requests in 2024. This figure represented 370 million unique identities and a 2x gain over the previous year’s totals.
Last month, Socure launched RiskOS, a risk decisioning engine that leverages the firm’s acquisition of Effectiv to provide a platform that combines orchestration and decisioning with identity verification and fraud prevention. Johnny Ayers is CEO.
Photo by Michael Villanueva
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