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Socure

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Last updated on

Company health

Employee growth
7% decrease in the last year
Web traffic
24% increase in the last quarter
Financing
December 2022 - $744M

Ratings

G2
4.5/5
(102)
Glassdoor
2.6/5
(139)

Socure description

Socure helps businesses verify customer identities and prevent fraud online. It uses artificial intelligence and a huge amount of data to check identities in real time. This helps businesses approve more good customers, reduce fraud losses, and streamline online onboarding. Socure is trusted by many large companies across different industries.


What companies are using Socure?

STash is using Socure
STash
Dave is using Socure
Dave
Lili is using Socure
Lili
PrizePicks is using Socure
PrizePicks
Public is using Socure
Public
Chime is using Socure
Chime
Betterment is using Socure
Betterment
Zapier is used by STash, Dave, Lili, PrizePicks, Public, Chime, Betterment.

Who is Socure best for

Socure is an AI-powered identity verification platform that helps businesses fight fraud and streamline onboarding. Users praise its speed and ease of use, while some note occasional inaccuracies requiring manual review. Best for small to medium businesses in e-commerce, finance, or technology.

  • Best fit for small to medium-sized businesses.

  • Ideal for businesses in e-commerce, finance, and technology sectors.


Socure features

Type in the name of the feature or in your own words tell us what you need
Supported

Socure heavily utilizes AI/ML to automate and expedite the process of identity verification, leading to fast verification times.

Supported

Socure supports identity verification through database checks, leveraging a vast network of data sources and AI-driven analysis for accurate verification.

Supported

Socure fully satisfies the requirement for KYC checks, including identity verification and document authentication. The provided sources explicitly state that Socure offers these capabilities as part of its identity verification solutions, ensuring KYC compliance and meeting regulatory requirements.

Supported

Socure fully supports identity document verification, encompassing various ID cards, passports, and driver’s licenses, through its robust document verification solutions.

Supported

Socure uses facial recognition to verify identity by comparing selfies to ID photos.

Supported

Socure offers liveness checks as part of their DocV and Selfie Reverification solutions.

Qualities

We evaluate the sentiment that users express about non-functional aspects of the software

Ease of Use

Strongly positive
+1

Reliability and Performance

Neutral
+0

Socure reviews

We've summarised 102 Socure reviews (Socure G2 reviews) and summarised the main points below.

Pros of Socure
  • User-friendly interface for both customers and administrators.
  • Fast and efficient ID verification process.
  • Seamless integration with various platforms and webhooks.
  • Strong fraud detection capabilities and detailed reporting.
Cons of Socure
  • Occasional inaccuracies in ID verification, requiring manual checks.
  • Limited customization options for the user interface.
  • Some users find the mobile app experience challenging.
  • Occasional issues with ID scanning and error prompts.

Socure pricing

The commentary is based on 2 reviews from Socure G2 reviews.

Socure's pricing is generally considered expensive, especially for additional identity checks beyond core KYC functionality. While users appreciate its value, the cost may be a barrier for some organizations.

Users sentiment

Strongly positive
+1

Socure alternatives

  • Logo of Alloy
    Alloy
    Better for financial institutions, particularly banks and fintech companies. Focuses on risk management, compliance, and automated onboarding. Has more momentum currently.
    Read more
  • Logo of Dock Certs
    Dock Certs
    Better for issuing and verifying tamper-proof digital credentials. Focuses on blockchain-based credential management for streamlined hiring and onboarding. A good Socure competitor for organizations prioritizing data security and privacy through individual credential control.
    Read more
  • Logo of SAS Identity 360
    SAS Identity 360
    Better suited for medium to large businesses. Has more momentum in terms of employee growth. Fewer user reviews are available compared to the Socure alternative.
    Read more
  • Logo of IBM Security Verify
    IBM Security Verify
    Better for access management across employee and customer identities. Caters to medium to large businesses in finance, healthcare, and IT. Has more momentum currently.
    Read more
  • Logo of IT Glue
    IT Glue
    Better for internal IT documentation and knowledge management. More suitable for IT professionals and Managed Service Providers. Higher ratings on G2 and Capterra.
    Read more
  • Logo of Auth0 by Okta
    Auth0 by Okta
    Better for application security and single sign-on (SSO). A good Socure competitor for e-commerce, retail, education, and software/IT companies. Easier implementation, but more difficult configuration and pricier.
    Read more

Socure FAQ

  • What is Socure and what does Socure do?

    Socure is an identity verification platform leveraging AI and massive datasets for real-time fraud prevention and streamlined online onboarding. It helps businesses across various sectors approve more legitimate customers while minimizing fraud losses, offering features like facial recognition and KYC checks.

  • How does Socure integrate with other tools?

    Socure integrates seamlessly with various platforms and webhooks, facilitating streamlined identity verification within existing workflows. It offers flexible API integration options, allowing businesses to connect Socure's verification services with their websites, mobile apps, and other systems.

  • What the main competitors of Socure?

    Top Socure competitors include Alloy, IBM Security Verify, SAS Identity 360, and ComplyCube. These alternatives offer similar identity verification and fraud prevention solutions, catering to various business needs and industries.

  • Is Socure legit?

    Yes, Socure is a legitimate identity verification and fraud prevention platform. It offers robust features like AI-powered checks, facial recognition, and liveness detection. While some users report occasional inaccuracies, many praise its speed and user-friendly interface for enhanced online security.

  • How much does Socure cost?

    Socure doesn't publicly disclose its pricing. Contact their sales team for a customized quote based on your specific needs and volume. Consider factors like the number of API calls and features required when evaluating if the product is worth it.

  • Is Socure customer service good?

    Customer reviews on Socure's customer service are mixed. While some users mention "excellent customer support" and helpful onboarding, others note high turnover in account representatives. Several reviews focus on the software's functionality for ID verification and fraud prevention, rather than customer service interactions.


Reviewed by

MK
Michal Kaczor
CEO at Gralio

Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.

TT
Tymon Terlikiewicz
CTO at Gralio

Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.