Ernst & Young Announces Socure Founder and CEO Johnny Ayers as Entrepreneur Of The Year 2022 Award Winner

INCLINE VILLAGE, Nev.--(BUSINESS WIRE)--Jun 27, 2022--

Ernst & Young LLP (EY US) announced that Socure founder and CEO Johnny Ayers was named an Entrepreneur Of The Year® 2022 Award winner. Entrepreneur Of The Year is one of the preeminent competitive business awards for entrepreneurs and leaders of high-growth companies who think big to succeed. An independent panel of judges selected Ayers based on his entrepreneurial spirit, purpose, growth and impact, among other impressive contributions and attributes.

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Johnny Ayers, Founder and CEO, Socure (Photo: Business Wire)

Ayers launched Socure in 2012 with the ambitious mission to verify 100% of good identities in real-time and completely eliminate identity fraud for every applicant on the internet. Today, Socure is the market leader and highest valued company in the identity verification space. Its customers rely on the platform’s ability to not only provide the most precise identity fraud classification model in the industry, but to also deliver unparalleled accuracy with auto-approval rates of up to 98% for mainstream demographics, and up to 94% for the hard-to-identify populations such as Gen Z, millennials, credit invisible, thin-file, and new-to-country.

“When we founded Socure, the goal was to build the future of identity verification and fraud prevention on the web by using the newest forms of graph-defined analytics and supervised machine learning, combined with the wealth of new information being generated on the internet by consumers,” said Ayers. “In combination with traditional data assets, I believe it’s possible to eliminate identity fraud and solve for the ability to equitably verify every identity, anywhere in the world. I appreciate EY recognizing the importance of that goal to society and the commitment that myself, and the entire Socure team of all-stars have made in achieving it.”

As an award winner, Ayers will be considered by the National independent panel of judges for the Entrepreneur Of The Year 2022 National Awards. National finalists and winners, as well as the Entrepreneur Of The Year National Overall Award winner, will be announced in November at the annual Strategic Growth Forum ®. The Entrepreneur Of The Year National Overall Award winner will then move on to compete for the EY World Entrepreneur Of The Year™ Award in June 2023.

The Entrepreneur Of The Year program has honored the inspirational leadership of entrepreneurs such as:

  • Cherie Kloss of SnapNurse
  • Saeju Jeong of Noom
  • Joe DeSimone of Carbon, Inc.
  • Howard Schultz of Starbucks Coffee Company
  • Jodi Berg of Vitamix
  • Reid Hoffman and Jeff Weiner of LinkedIn Corporation
  • Hamdi Ulukaya of Chobani, Inc.
  • Kendra Scott of Kendra Scott LLC
  • Andreas Bechtolsheim and Jayshree Ullal of Arista Networks
  • James Park of Fitbit
  • Daymond John of FUBU
  • Sheila Mikhail of AskBio

About Entrepreneur Of The Year

Entrepreneur Of The Year is the world’s most prestigious business awards program for unstoppable entrepreneurs. These visionary leaders deliver innovation, growth and prosperity that transform our world. The program engages entrepreneurs with insights and experiences that foster growth. It connects them with their peers to strengthen entrepreneurship around the world. Entrepreneur Of The Year is the first and only truly global awards program of its kind. It celebrates entrepreneurs through regional and national awards programs in more than 145 cities in over 60 countries. National overall winners go on to compete for the EY World Entrepreneur Of The Year™ title. ey.com/us/eoy

About EY Private

As Advisors to the ambitious™, EY Private professionals possess the experience and passion to support private businesses and their owners in unlocking the full potential of their ambitions. EY Private teams offer distinct insights born from the long EY history of working with business owners and entrepreneurs. These teams support the full spectrum of private enterprises including private capital managers and investors and the portfolio businesses they fund, business owners, family businesses, family offices and entrepreneurs. Visit ey.com/us/private

About EY

EY exists to build a better working world, helping create long-term value for clients, people and society and build trust in the capital markets.

Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.

Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.

About Socure

Socure is the leading platform for digital identity verification and trust. Its predictive analytics platform applies artificial intelligence and machine learning techniques with trusted online/offline data intelligence from email, phone, address, IP, device, velocity, and the broader internet to verify identities in real time. The company has more than 1,000 customers across the financial services, government, gaming, healthcare, telecom, and e-commerce industries, including four of the top five banks, seven of the top 10 card issuers, three of the top MSBs, the top payroll provider, the top credit bureau, the top online gaming operator, the top Buy Now, Pay Later (BNPL) providers, and over 250 of the largest fintechs. Marquee customers include Chime, SoFi, Varo, Gusto, Public, Stash, and DraftKings. Socure customers have become investors in the company including Citi Ventures, Wells Fargo Strategic Capital, Capital One Ventures, MVB Bank, Voyager, and Synchrony. Additional investors include Accel, T. Rowe Price, Bain Capital Ventures, Tiger Global, Commerce Ventures, Scale Venture Partners, Sorenson, Flint Capital, Two Sigma Ventures, and others.

EY refers to the global organization, and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com.

Ernst & Young LLP is a client-serving member firm of Ernst & Young Global Limited operating in the US.

View source version on businesswire.com:https://www.businesswire.com/news/home/20220627005098/en/

CONTACT: Angela Griffo

Socure

917-915-8563

[email protected]

KEYWORD: NEVADA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: SOFTWARE NETWORKS INTERNET ARTIFICIAL INTELLIGENCE DATA MANAGEMENT TECHNOLOGY OTHER TECHNOLOGY SECURITY

SOURCE: Socure

Copyright Business Wire 2022.

PUB: 06/27/2022 09:00 AM/DISC: 06/27/2022 09:02 AM

http://www.businesswire.com/news/home/20220627005098/en

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