The reason behind this is also to facilitate its machine learning capabilities, and further its identity fraud elimination mission. The investment round was led by Sorenson Ventures, with existing investors Commerce Ventures, Scale Venture Partners, and Flint Capital participating, along with new strategic investors Citi Ventures, Wells Fargo Strategic Capital, and MVB Financial Corp.
Biometric Update reports that Socure recently launched a module for document checking and biometric selfie capabilities with liveness detection to help financial institutions and other organisations meet toughening regulations and prevent sophisticated fraud attacks.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.