Socure Partners with Feedzai for Big Data Analytics

Socure, a behavioral biometrics and analytics company, has found an important new ally as it seeks to advance its technology. The company has teamed up with Feedzai, a data-science firm specializing in machine-based learning technology for big data analytics.

The partnership will see the companies jointly develop what they say will be a plug-and-play solution for clients in the financial services industry and perhaps beyond, combining Socure’s Social Biometrics platform with Feedzai’s Fraud Prevention That Learns technology. Social Biometrics is Socure’s signature online behavioral biometrics platform, which analyzes user activity in apps, social networks, and other online data sources to identify behavioral patterns that can be used for authentication. The company has managed to generate substantial interest among investors, just as other companies in the nascent field of behavioral biometrics, such as NuData with its NuDetect system, have started to catch fire as well.

Feedzai’s Fraud Prevention That Learns platform, meanwhile, aims to provide “ultra-fast” big data analytics, specializing in financial services applications from transaction authorization to loss prevention to account creation. In a statement, Feedzai CEO Nuno Sebastiao explains that the system has been “fine-tuned… to help organizations manage risks and rationalize data output from various internal systems.”

The two platforms would seem to be a natural fit, and indeed the aim of the companies’ partnership is to feed Socure’s online and social data into Feedzai’s analytics software, creating a powerful tool to help clients better understand their users and transactions.

—

September 11, 2015 – by Alex Perala

Partners

FaceTec’s patented, industry-leading 3D Face Verification and Reverification software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ finally make trusted, remote identity verification possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for 3D Liveness and Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

AuthenticID provides 100% automated identity verification and fraud detection solutions that are leveraged by companies worldwide, including 2 of the top 3 U.S. Banks, 8 out the top 10 wireless providers in North America, and 2 of the 3 credit bureaus. Using proprietary computer vision and machine learning technology, these solutions help companies accurately verify the identity of their users across retail, digital and call center environments for onboarding and ongoing re-authentication events; KYC, IAM, and more. The solutions are easy to integrate and provide customers a large ROI by stopping fraud losses, increasing customer conversion at onboarding, reducing operational costs and allowing quick and cost-effective operational scalability, all while ensuring global privacy regulations are complied with. https://www.authenticid.com/

Anonybit is a privacy-focused technology platform that provides decentralized solutions for securing personal data, particularly biometric information. Rather than storing sensitive data in centralized repositories, which are vulnerable to breaches, Anonybit uses a distributed architecture that breaks data into smaller encrypted bits and stores them across a network of decentralized nodes. This approach ensures that no single entity has access to the full dataset, enhancing privacy and security, even preventing insider threats. Anonybit is used by leading banks, fintechs and other enterprises for critical biometric identity functions like deduplication and blocklist checks, step up authentication, passwordless login and account recovery https://anonybit.io/

Identity Week aims to be a significant identity industry catalyst. It’s our mission is to help accelerate the move towards a world where trusted identity solutions enable governments and commercial organisations to provide citizens, employees, customers and consumers with a multitude of opportunities to transact in a seamless, yet secure manner. All the while preventing the efforts of those intent on doing harm. https://identityweek.net/

The Biometric Digital Identity Prism is a market landscape framework designed to help influencers and decision makers understand, innovate, and implement digital identity technologies and solutions. This innovative framework for understanding and evaluating the rapidly evolving biometric digital identity marketplace is the only market model that is truly biometric-centric based on the foundational conviction that in the age of digital transformation the only true, reliable link between humans and their digital data is biometrics. https://www.the-prism-project.com

ID R&D is an innovator of biometric facial liveness, document liveness, and voice biometrics. Ranked #1 by NIST, our patented passive approach to liveness, and specialized detection of voice clones, injection attacks and deepfakes, empowers KYC and authentication systems with fast, accurate and secure biometric verification technologies. Over 140 partners in more than 70 countries are collectively processing hundreds of millions of identity checks per year. ID R&D solutions easily integrate with mobile, web, messaging, smart speakers, set-top boxes, and IoT devices. Learn more: www.idrnd.ai

Footer

Follow Us