AUSTIN, Texas & NEW YORK–(BUSINESS WIRE)–Kasasa®, an award-winning monetary know-how and advertising and marketing supplier, and Socure, the main supplier of digital id verification and fraud options, at present introduced that 225 of Kasasa’s INMO® shoppers, comprised solely of group monetary establishments that leverage Kasasa’s digital account opening platform, have upgraded to Socure’s industry-leading id verification and fraud platform.
This modification permits Kasasa to supply a whole lot of group banks and credit score unions with best-of-breed id verification know-how, equipping them with the instruments they should open accounts digitally with confidence.
“We acknowledge that almost all monetary establishments battle with auto-accept charges for hard-to-identify populations, such because the Gen Z, millennial, credit score invisible, thin-file, and new-to-country populations that comprise a majority of the candidates at our group financial institution and credit score union shoppers,” stated Gabe Krajicek, CEO of Kasasa. “Partnering with a vendor like Socure helps us advance our mission of offering group monetary establishments with the know-how they should compete with megabanks.”
“Socure’s id verification resolution gives 98% auto-accept charges for mainstream populations, as much as 94% for hard-to-identify populations, and our fraud seize charges are the best within the {industry},” stated Johnny Ayers, founder and CEO of Socure. “By working with Kasasa, we’re proud to supply greater than 200 group banks and credit score unions with the identical best-in-class platform that 4 of the 5 largest banks use at present. Our platform helps guarantee monetary inclusion, a frictionless person expertise, and improved discount in fraud.”
Kasasa, dedicated to offering group banks and credit score unions with one of the best merchandise and digital experiences for account holders, companions solely with group monetary establishments throughout the nation to assist preserve cash native. The corporate serves 900 group monetary establishments nationwide, representing three million client financial institution accounts throughout almost 4,000 branches in all 50 states.
About Kasasa
Based mostly in Austin, Texas, Kasasa® is a monetary know-how and advertising and marketing supplier dedicated to driving outcomes for over 900 group monetary establishments by attracting, participating, and retaining customers. Kasasa does this by offering modern banking options that enhance mortgage quantity and non-interest earnings to assist drive rapid sources of income in a low-rate setting. Its branded retail merchandise, world class advertising and marketing, and skilled consulting allow group banks and credit score unions to recapture market share. For extra data, please go to https://www.kasasa.com, or go to them on Twitter or LinkedIn.
About Socure
Socure is the main platform for digital id verification and belief. Its predictive analytics platform applies synthetic intelligence and machine studying methods with trusted on-line/offline information intelligence from e mail, cellphone, handle, IP, machine, velocity, and the broader web to confirm identities in actual time. The corporate has greater than 750 prospects 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 most important on-line gaming operators, and over 100 of the most important fintechs. Marquee prospects embody Chime, Varo Cash, Public, Stash, and DraftKings. Buyers 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 {industry} awards and accolades, together with being named to the 2021 Forbes Cloud 100 Checklist, Forbes’ Fintech 50 Checklist 2021, and Forbes’ America’s Finest Startup Employers 2021, being named to CB Insights: The Fintech 250 for the third yr in a row, being awarded Finest 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 Prime 25 Machine Studying Startups to Watch, and being awarded Finovate’s Award for Finest Use of AI/ML, to call just a few.