Company news
WHAT HAPPENED
Socure launched DocV Omega, an advanced identity verification product that combines document verification with biometric, identity, device, behavioral, velocity, network, and journey signals into a single adaptive model using 2,400+ predictive variables. The product achieved 98% fraud capture within the riskiest 5% of transactions with below 1% false-reject rate, increased fraud detection on synthetic and counterfeit documents by 50%, improved deepfake detection by 43%, and reduced latency by 50%.
WHO IS INVOLVED
Socure, an identity verification company, built DocV Omega using 12 years of confirmed fraud and trusted-consumer outcomes. The product is an evolution of Socure's existing DocV Document Verification solution and draws on the company's proprietary data, models, and Identity Graph.
WHY IT MATTERS
AI-accelerated fraud is up more than 8,000% year over year according to Socure's network data, and individual signals like documents or selfies can appear legitimate while missing broader fraud indicators. DocV Omega addresses this by connecting multiple evidence types in one model so that signals reinforce or challenge one another in a single fraud decision.
- Type
- Product launch
- Category
- IAM
- Source
- linkedin.com ↗
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