Sunil Madhu – Combating Fraud with an Alternative Identity Verification Method
Finding Genius Podcast
Richard Jacobs
4.4 • 1K Ratings
🗓️ 5 September 2017
⏱️ 27 minutes
🧾️ Download transcript
Summary
"Fraud causes global governments several trillions of dollars of loss annually from a GDP perspective, so it's a big problem for global economic growth," says Sunil Madhu, Founder and CEO of Socure. According to Madhu, a big part of the problem stems from the current bureau-based identity verification process that many businesses use for establishing new customers. Socure offers an alternative method; one that uses predictive analytics machine learning to compare and evaluate information that is given in the real world by potential new customers with information in the digital world. In a matter of seconds, Socure's machine learning models are able to differentiate between risky and non-risky profiles, and to accurately predict whether or not an individual poses a fraud risk. Socure has already been used across 108 countries and continues to grow. Tune in to learn more.
Madhu also discusses:
How the trends of the emerging population of millennials are making identity verification more difficult
The types, trends and demographics of fraud
What the near future holds for Socure, and how to stay connected
Transcript
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| 0:48.8 | Welcome to Almost Here, Around the Corner of Future Technology Podcasts with Richard Jacobs. |
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| 1:13.9 | Hi, this is Richard Jacobs with Future Tech Podcast. My guest today is Sunil Madhu, founder and CEO of Secure. |
| 1:22.1 | The website is www. s-c-U-R-E dot com. Sunil, how you doing? Fine, thanks. Happy to be here, Richard. Yeah ocure.com. |
| 1:28.3 | Sunil, how you doing? |
| 1:29.3 | Fine, thanks. |
| 1:30.4 | Happy to be here, Richard. |
| 1:31.5 | Yeah, thank you. |
| 1:32.1 | Thank you so much. |
| 1:36.0 | So, you know, first question, what does Secure do? |
| 1:38.3 | What's your use case and applications? |
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