NEW YORK, August 17, 2021–(BUSINESS WIRE)–Socure, the main supplier of digital id verification and fraud options, at the moment introduced the continued progress of its govt management group with the addition of Debra Geister as vice chairman of product commercialization, compliance, and regulatory. Geister will work carefully with regulators and clients to make sure that Socure merchandise meet the trade’s ever-evolving and very advanced regulatory requirements. She might be devoted to assembly, listening, educating, and supporting Socure clients, in addition to working with the Socure gross sales and product groups to optimize product performance primarily based on buyer suggestions.
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Debra Geister, vice chairman of product commercialization, compliance, and regulatory at Socure. (Picture: Enterprise Wire)
With greater than twenty years of expertise within the banking compliance and anti-money laundering industries, Geister is a acknowledged chief within the monetary crime detection subject. She has labored with lots of the largest monetary establishments in addition to expertise and information corporations, each international and home, to assist get rid of and cut back money-laundering, fraud, and associated monetary dangers.
“Everybody at Socure is extraordinarily excited for Debra to affix our KYC and AML compliance management group,” stated Johnny Ayers, founder and CEO of Socure. “Debra’s in depth administration and regulatory expertise constructing AML and fraud insurance policies in addition to operational groups for a number of Tier 1 monetary establishments – mixed with 10+ years innovating on the answer supplier aspect of the home – is the perfect mixture for this govt place. I can’t say sufficient how grateful I’m that she has determined to affix Socure as we proceed to assist our purchasers meet and exceed their KYC and AML regulatory necessities, whereas maximizing acquisition charges and accuracy. Welcome to the group, Debra!”
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Previous to Socure, Geister was a Senior Vice President of the Monetary Intelligence Unit and Financial institution Secrecy Act (BSA) Officer at MetaBank, the place she and her group improved processes and operational requirements whereas efficiently parsing advanced regulatory points. She additionally labored as a Senior Director at LexisNexis Threat Options, the place she helped purchasers combine higher information, decisioning, and investigative instruments into their BSA and fraud detection processes. As well as, Geister hung out in trade, information, and expertise consulting targeted on monetary crime detection methods.
“I’ve devoted my profession to preventing each cash laundering and fraud and educating clients and analysts concerning the dynamics of monetary crime,” stated Geister. “I joined Socure to proceed fixing the challenges of our clients. My ardour has all the time been problem-solving and I’m excited to work with the world-class, anti-fraud Socure options.”
About Socure
Socure is the main platform for digital id verification and belief. Its predictive analytics platform applies synthetic intelligence and machine studying strategies with trusted on-line/offline information intelligence from e-mail, telephone, tackle, IP, system, velocity, and the broader web to confirm identities in actual time. The corporate has greater than 500 clients throughout the monetary companies, gaming, healthcare, telecom, and e-commerce industries, together with 4 of the highest 5 banks, seven of the highest 10 card issuers, three of the highest MSBs, the highest payroll supplier, the highest credit score bureau, high crypto exchanges, high Purchase Now, Pay Later suppliers, the biggest on-line gaming operators, and over 100 of the biggest fintechs. Marquee clients embody Chime, Varo Cash, Public, Stash, and DraftKings. Traders embody Accel, Commerce Ventures, Scale Enterprise Companions, Flint Capital, Capital One Ventures, Citi Ventures, Wells Fargo Strategic Capital, Synchrony, Sorenson, Two Sigma Ventures, and others.
Socure has acquired quite a few trade awards and accolades, together with being named to Forbes’ Fintech 50 Record 2021, Forbes’ America’s Greatest Startup Employers 2021, being awarded Greatest New Know-how Launched Over the Final 12 Months—Information and Information Companies on the 2020 American Monetary Know-how Awards (AFTAs), being ranked quantity 70 in Deloitte’s Know-how Quick 500™, being listed as a Gartner Cool Vendor, being acknowledged by Forbes as one of many High 25 Machine Studying Startups to Watch, being named to CB Insights: The Fintech 250, and being awarded Finovate’s Award for Greatest Use of AI/ML, to call a number of.
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Contacts
Janine Savarese
Savarese Communications
(732) 359-3384
jsavlowe@savcopr.com