Effectiv (now part of Socure)

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: socure.com/effectiv-acqui…

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.

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

@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.

@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: effectiv.ai/case-studies/c… #fraudprevention

@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: bit.ly/3sSKzRa