Socure, Scienaptic AI and SentiLink make strides in catching synthetic identity fraud

Socure has announced its success in catching synthetic identity fraud in 2023, while a collaborative effort between Scienaptic AI and SentiLink can help credit unions combat fraud.

Socure eliminated 200,000 synthetic identities in 2023

Socure has announced it has eliminated 204,536 synthetic digital identities from the U.S. economy in 2023 through its Sigma Synthetic Fraud product, double its initial 100,000 commitment. The product has prevented over $3 billion in losses, according to internal company research.

Synthetic identity fraud combines stolen, …

biometrics news credit credit unions digital digital identities digital-identity economy financial services fraud fraud prevention identities identity sentilink socure synthetic synthetic identity synthetic identity fraud unions