Navigate fintech partnerships with confidence

Enable scalable growth, simplified operations, and alignment with your sponsor bank through Socure’s AI-powered platform.

Overview

Managing fintechs is more challenging than ever. Balancing innovation with regulatory compliance, ensuring robust fraud controls, and maintaining visibility across fintech partners can strain resources and create risk. Without streamlined processes and clear demonstrable controls, sponsor banks are unable to meet increasing regulatory expectations while safeguarding trust and scaling operations effectively.

Opportunity

Gain real-time visibility into fintech activity, ensure adherence to regulatory requirements, and mitigate risk — all while enabling seamless, scalable partnerships that drive growth and trust.

Socure powers 90% of the sponsor bank market and 500+ fintechs

How we help

Maximize accuracy, reduce false positives

• Leverage a powerful, AI-driven platform that analyzes every aspect of identity, removing the need for multiple point solutions
• Focus on the risk that matters by eliminating irrelevant alerts while streamlining operations with automated CIP/KYC and sanctions screening

Automate identity verification and sanctions screening

• Verify identities with 99% coverage of mainstream consumers and 96% of Gen Z demographics
• Reduce manual review time by 80% with AI-generated audit-ready explainability and streamlined case management

Demonstrate controls to regulators

• Stay confident in your operations with audit-ready proof of controls for each of your fintech programs
• Track, review, and resolve logic change requests and decisions for full accountability

Transparency across fintech programs

• Create and enforce decision logic for any program with a no-code controls interface
• Update policies, simulate impacts with historical data, implement new rules, and ensure compliance across bank partners
• Collaborate with fintech programs for rapid, transparent decisioning of high-risk transactions

Previous

“As a fintech sponsor bank, the product support and expertise provided by Socure has been invaluable. Not only are we getting a market-leading product, but we have a team that provides fast feedback, timely updates, and direct support for existing and new clients.”

Matthew Work, Former Sr. Director, Fraud Policy and Strategy MVB

Next

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

Our Resources

The latest insights across digital identity and fraud prevention

Socure Identity Risk Insights: Government Fraud Patterns Report

Defining and Solving the Elusive Challenge of First-Party Fraud

America’s Digital Ghosts

FAQ

What is sanctions screening software and why should sponsor banks use it?

Sanction screening software checks individuals and organizations against government watchlists to prevent transactions with sanctioned entities. Sponsor banks implement this technology to ensure their fintech partners’ initial sanction check adheres to federal trade restrictions.

How does automation enhance compliance and efficiency for sponsor banks?

Automation improves sponsor bank compliance by replacing inefficient manual processes with instant, accurate AI-powered analysis.

How can sponsor banks stay ahead of evolving regulatory requirements?

To guarantee flawless compliance, sponsor banks need sanctions screening software with continuous monitoring capabilities.

What key features should sponsor banks prioritize in sanctions screening software?

When comparing sanction screening software, sponsor banks should look for these specific capabilities:

• AI Matching: Generative AI uses advanced machine learning algorithms to instantly identify sanctioned individuals or entities.
• Customizable Parameters: Flexible configuration options allow sponsor banks to adapt screening thresholds based on various fraud risk parameters.
• Coverage Beyond Sanctions Lists: Comprehensive screening solutions provide a holistic view of customer risk.
• Efficient Case Management: AI-assisted investigation tools generate plain-language explanations of alerts, accelerating analyst decisioning.
• Automated Audit Trails: Documentation features create detailed records of all screening activities, decisions, and supporting evidence with minimal manual effort.

What are the consequences of failing to detect high-risk transactions in fintech programs?

Neglecting to implement effective sanction screening software can lead to harsh penalties for sponsor banks, from billion-dollar fines to imprisonment for business leaders.