Inside Socure’s First-Party Fraud Consortium
Identity Certainty, Together: Inside Socure’s First-Party Fraud Consortium with Mandy Goettelman from Green Dot
First-party fraud is one of the hardest forms of fraud to catch—because it’s committed by real people using their real identities to act in bad faith. These individuals pass KYC, open accounts, and appear legitimate—until they stop paying, abuse chargeback policies, or file disputes on transactions they knowingly made. In this interview, Mandy Goettelman, Head of Transformation at Green Dot, shares how her team is leveraging Socure’s First-Party Fraud Consortium to gain visibility into how identities behave across the broader financial ecosystem—not just within Green Dot’s walls. By tapping into a cross-industry data network of more than 325 million accounts and 20 billion transactions, Green Dot can now assess the true risk behind an identity—even if that person has a clean record internally. They now have context into whether that identity has been flagged for illegitimate disputes, defaults, or other first-party fraud behaviors across dozens of institutions.
Watch now to learn:
- Why first-party fraud is so difficult to identify using traditional tools
- How the lack of external visibility increases risk during onboarding
- How Green Dot is using shared intelligence to make more confident decisions
- What sets Socure’s Sigma First-Party Fraud solution apart from generic fraud tools
Read the full transcript for the video here.
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