Effectiv (now part of Socure)

We've been acquired by Socure! Follow @socureme for the latest updates.

[Effectiv (now part of Socure) @effectivai]

Socure + Effectiv brings to market a single platform that enables a shared risk strategy to tackle some of the most complex fraud and identity challenges in the digital landscape.

Read the news here: https://t.co/D6JK47zHGh

[Effectiv (now part of Socure) @effectivai]

Big news — Effectiv has entered into a definitive agreement to be acquired by @socureme!

[Effectiv (now part of Socure) @effectivai]

This strategic acquisition pairs Socure's best-in-class digital identity verification and fraud solutions with an orchestration and decision platform – a combination that will elevate how the market combats fraud and verifies identities across the entire customer journey.

[Effectiv (now part of Socure) @effectivai]

@sandepudi & @xs2ritesh had the opportunity to present at The Financial Brand Forum.

Key Takeaways

🔍 Risk Decisioning should be done in real-time.

🛡️ Use machine-learning to block outright fraud early in the process.

🚀 Leverage onboarding data during transaction monitoring.

[Effectiv (now part of Socure) @effectivai]

@Cardless stops $78K in fraud in its first 2 months! The real-time risk management platform cut engineering workload and rule creation from days to under 3 min.

Learn more in the case study: https://t.co/0dSPOp5nm9 #fraudprevention

[Effectiv (now part of Socure) @effectivai]

@BHGfinancial prevents $31m in fraud loss each month 😧

The figures are staggering:
📈 84% more loan applications processed YoY.
🏦 96% of personal loans auto-approved.
🕵️ 67% reduction in manual review times.

That and more in the full case study: https://t.co/NtHRxobh8i