AI Fraud Prevention & Risk Management for Banks | Socure
Banking
Identify risk and approve more customers
Power a seamless customer experience and confident compliance with AI-driven identity verification and fraud prevention solutions that deliver unmatched accuracy
Overview
Banks face mounting pressure from sophisticated fraud schemes and stricter regulations, while legacy verification systems create friction and security gaps. The rise of synthetic identities, account takeover attacks, and complex compliance requirements like sanctions screening demands a more sophisticated approach to risk management.
Opportunity
Achieve rigorous compliance, outsmart sophisticated fraud, and streamline operations — all while delivering seamless, customer-centric experiences.
99% verification of mainstream populations
96% verification of Gen Z consumers
Up to 99% fraud capture
How we help
Accelerate verification across your customer journey
- Gain unmatched accuracy and inclusivity through advanced AI and machine learning
- Make real-time trust and risk decisions — all from a single, seamless platform
Related products
RiskOS® AI-powered decisioning platform for any identity, fraud, risk, or compliance challenge
Achieve effortless compliance with powerful protection
- Focus on the risk that matters by eliminating irrelevant alerts while streamlining operations with automated CIP/KYC and sanctions screening
- Quickly adapt to changes in regulations, keeping your institution compliant even as new rules and laws emerge
- Complete customization for your business and regulatory requirements
Related products
Socure Verify+ for precise, accurate, and inclusive identity verification and PII verification
Watchlist Screening with Monitoring for sanctions screening, PEP, and adverse media risk management
eCBSV for instantly verifying a consumer-provided name-DOB-SSN match with the SSA
Proactively identify high-risk customers and behaviors
- Precise fraud detection models minimize false positives while maintaining security
- Predict and prevent payment defaults, bad-faith disputes, and bust-out fraud with our first-party fraud consortium
- Root out money movers and sleepers in your portfolio with third-party and synthetic fraud scrubs
Related products
Sigma Synthetic Fraud for uncovering complex manipulated and fabricated synthetic identity fraud
Validate accounts at lightning speed
- Instantly verify account ownership and validate accounts before transferring funds
Related products
Account Intelligence for verifying the status and ownership of bank accounts
50% decrease in fraudulent loan applications
“The number of fraudulent loan applications getting through was cut by over 50%. Fraud reduction was achieved without any impact or friction to the end user — unless they were a fraudster.”
Chief Risk Officer Leading online lender Read the case study
Explore RiskOS® Use Cases
End-to-end fraud, risk, and compliance solutions
Consumer onboarding
Making the right decisions for a consumer you’ve never seen before shouldn’t be complicated.
Business onboarding
Trust & safety
Login & authentication
Bank account verification
Consumer onboarding
Making the right decisions for a consumer you’ve never seen before shouldn’t be complicated.
Business onboarding
Verify more good businesses for underwriting, tax registration, and credit assessment.
Trust & safety
Keep your community safe and thriving with instant, accurate user verification.
Login & authentication
Deliver frictionless authentication at onboarding, login, multi-factor authentication, high-risk transactions, and account recovery.
Explore login & authentication
Bank account verification
Convert more users with comprehensive account coverage while effectively stopping fraud and return payments.
Explore bank account verification
Our Resources
Our latest digital identity and fraud insights
Reports
Socure Identity Risk Insights: Government Fraud Patterns Report
Reports
Defining and Solving the Elusive Challenge of First-Party Fraud
Infographics
America’s Digital Ghosts
Let us prove it.
Scale your organization with confidence.