Portfolio Scrub - Detect Customer Fraud and Compliance Risk
Portfolio Scrub
Identify Fraud and Compliance Risk within Your Existing Customer Accounts
Socure’s Portfolio Scrub accurately identifies risks hiding in your accounts and gives you strategies to take action.
Solution Benefits
Industry-Best Data and Matching
The Portfolio Scrub delivers precise and accurate matches leveraging AI and machine learning with a combination of proprietary data, highly vetted third-party data sources, confirmed fraud, identity information gathered from hundreds of millions of new applications, and 17,000+ independent variables highlighting potential risk.
Synthetic Fraud Identification
Synthetic identities in your deposit portfolio may be fueling money laundering, human and drug trafficking, and perpetrating P2P payment scams.
Find these suspected synthetic identities and efficiently eliminate them from your account base.
Disrupt Patterns of Financial Crime Before They Happen
Financial crime can take multiple shapes and forms. Socure can help you identify high-risk profiles, money mules and other risky entities earlier in the process to increase monitoring, or eliminate them from your portfolio protecting your organization from compliance fines and financial loss.
Rapid, Effective Mitigation
Quickly identify the most serious risks in your customer accounts through machine learning clustering of all records into differing risk levels.
Prioritize your response to the highest risk customers with proper mitigation strategies.
Why Socure?
Portfolio Scrub leverages our industry-leading identity verification and fraud prevention to detect existing portfolio risk.
Industry-leading Accuracy
Socure’s machine learning and clustering algorithms deliver accurate identification of customers and risk patterns
Full Context of Risk
Receive the single best-matched entity, reason codes, and scores for a holistic view of risk to confidently guide next steps
Seamless Integration
Compliment your onboarding screening to enable ongoing customer due diligence
Customizable
Select applicable scrubs based on the compliance and fraud needs of your business
Applicable Use Cases
Strengthen regulatory compliance
Quickly find and eliminate synthetic identities in your portfolio
Ensure accurate customer data
Identify existing synthetic identities
Detect third-party fraud and account takeover (ATO)
Uncover identities used by money mules
Escheatment compliance
Update of KYC and customer data
Bolster ongoing KYC/CDD processes
Scrub portfolio when switching to Socure
Identify risks in newly acquired portfolios
Disrupt patterns of financial crime
How It Works
Get started today.
Join other leading organizations that are improving their compliance risk posture and proving ongoing customer due diligence to regulators with the Socure Portfolio Scrub.