Finance is being pulled apart by the forces of frontier technology. From AI, to blockchain and DeFi, mixed reality, chatbots, neobanks, and roboadvisors — the industry will never be the same. Here is the blueprint for navigating the shift.
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Finance is being pulled apart by the forces of frontier technology. From AI, to blockchain and DeFi, mixed reality, chatbots, neobanks, and roboadvisors — the industry will never be the same. Here is the blueprint for navigating the shift.
Protecting 2,700 Customers Across 100 Million Transactions, with Socure's CTO Arun Kumar
The Fintech Blueprint
41 minutes 50 seconds
9 months ago
Protecting 2,700 Customers Across 100 Million Transactions, with Socure's CTO Arun Kumar
Lex interviews Arun Kumar, the CTO of Socure, an identity management and risk assessment company. In this exciting episode, Arun touches on: (1) his experience building large-scale, high-throughput, and low-latency systems at companies like Amazon and Citadel, and how he applies that expertise to the identity verification and fraud detection challenges at Socure. (2) Socure's rapid growth, serving over 2,700 customers including 9 of the top 10 U.S. banks and over 30 state agencies, processing hundreds of millions of transactions per month. (3) Socure's approach to building a real-time identity graph by aggregating signals from devices, phone numbers, IPs, and other data points to detect and prevent sophisticated fraud tactics like deepfakes and fraud GPTs. (4) The company's recent acquisition of Effectiv to simplify the integration process for customers and improve efficiency, as well as its use of Generative AI to automate various tasks. Lastly, (5) Socure's future plans to expand beyond account opening and login into transaction monitoring, as well as exploring opportunities in the growing embedded finance and digital identity spaces.
MENTIONED IN THE CONVERSATION
Topics: Socure, Effectiv, Citadel, Amazon, Identity management, digital identity, generative AI, deepfakes, fraud prevention, machine learning, identity verification
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TIMESTAMPS
1’02: Scaling Innovation: Exploring High-Performance Systems and Real-Time Technology
4’04: From Financial Data to Machine Learning: Scaling Systems and Solving Edge Cases
8’49: Bridging Big Tech and Quant Finance: Exploring Technology Overlaps and Ultra-Low Latency Systems
11’12: Protecting Digital Identity at Scale: The Journey to Socure and Solving Real-Time Fraud Challenges
15’50: Building the Network Effect: How Socure Became a Leader in Identity Verification and Fraud Prevention
21’00: Battling Modern Fraud: Deepfakes, Generative AI, and the Evolving Landscape of Digital Security
26’30: Revolutionizing Customer Success: Simplifying Integrations with No-Code Solutions and Real-Time Performance Insights
29’57: Scaling Customer Integration: Fixed Costs, POCs, and Generative AI-Driven Value Propositions
34’00: Driving Efficiency and Scale: Socure's Evolving Product Roadmap and Future Vision
36’14: Learning from Customization: Standardizing for Scalability and Long-Term Growth
38’58: Expanding Horizons: Growing Market Share and Addressable Markets in Digital Transactions
41’00: The channels used to connect with Arun & learn more about Socure
The Fintech Blueprint
Finance is being pulled apart by the forces of frontier technology. From AI, to blockchain and DeFi, mixed reality, chatbots, neobanks, and roboadvisors — the industry will never be the same. Here is the blueprint for navigating the shift.
