Instant, Inclusive Bank Account Verification

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Products
Products Experience the power of graph-defined identity verification.
Platform

Fraud Risk

Compliance

ID Document Verification

Account Intelligence

Decisioning

Analytics & Reporting
Platform

. Socure ID + Platform
The new standard for digital identity verification, providing real-time, predictive analytics for the most accurate and comprehensive identity verification and fraud prediction—all through one API.

Socure named a Leader in The Forrester Wave
Identity Verification Solutions Q4 2022
See More

Fraud Risk

Fraud & Risk Solutions

Eliminate the need for limited, single-point solutions and gain a holistic view of identity with the industry’s most comprehensive digital identity fraud prevention suite.
Overview

. Sigma Identity Fraud

. Sigma Synthetic Fraud

. Address RiskScore

. Email RiskScore

. Digital Intelligence

. Phone RiskScore

. Portfolio Scrub

. Sigma First-Party Fraud

Compliance

Compliance Solutions

Protect your organization with market leading data coverage, unmatched accuracy, demonstrable controls and world-class tools to efficiently manage your operations
Overview

. Socure Verify

. eCBSV

. Global Watchlist Screening with Monitoring

. Portfolio Scrub

. Deceased Check

ID Document Verification

. Predictive DocV
Stop more fraud without sacrificing customer experience with the industry’s highest accuracy rates and fastest response time.

eBook
3 Warning Signs That Your ID Verification Process is Robbing You of Revenue
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Account Intelligence

. Socure Account Intelligence
Verify the status and ownership of non-traditional accounts held at digital banks, credit unions, and regional banking institutions.

Decisioning

. Decision Module
Align policy with process, automate decisions, help ensure compliance, and efficiently scale growth.

. Control Center
Prevent fraud across your portfolio, and demonstrate compliance in an evolving regulatory environment.

Analytics & Reporting

. Analytics & Reporting Dashboard
Explore, monitor, and audit crucial KPIs to optimize your operations, ensure regulatory compliance, and proactively address emerging risks to your business.
Industries

Industries Seamlessly onboard more good customers while preventing fraud—no matter your industry.

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Financial Services
Verify identities and stop fraud throughout the customer lifecycle, while meeting the most stringent compliance requirements.

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Marketplace
Strengthen the reputation of your ecosystem and instantly onboard more consumers and sellers without increasing risk.

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Sharing Economy
Ensure trust & safety while instantly onboarding more consumers, sellers, and gig workers without increasing fraud.

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Online Gaming
Maximize player conversion rates and reduce identity fraud losses while maintaining compliance.

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Buy Now Pay Later (BNPL)
Auto-accept more shoppers, attract more merchants, and protect your customers from identity fraud.

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Public Sector
Increase auto-verification rates of eligible individuals, improve program integrity, and eliminate manual reviews.

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Crypto
Verify identities faster and accelerate time to funding, trading, purchase, and storage.

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Workforce
Register and onboard more good applicants with passive identity verification.

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Sponsor Bank
Streamline BaaS management, enhance compliance, simplify partner oversight, and grow your customer base.
Resources
Resources Stay up to date on industry news, trends, and Socure's world-class solutions.
Fact Sheets

Case Studies

White Papers

eBooks

Reports

Infographics

Webinars

Events

Blogs

Videos

Podcasts
Partners
Company
Company Learn more about the award-winning people and technologies that power Socure.
About Socure

News & Press

Careers

Events

Socure Risk Insights Network
Socure named a Leader in The Forrester Wave
Identity Verification Solutions Q4 2022
See More

GET A DEMO | Talk To An Expert

Boost account verification up to 20%

Millions of consumers are invisible in current bank account verification solutions that focus on traditional financial institutions, hindering financial inclusion and the fastest-growing segment of new account growth. Socure Account Intelligence solves this challenge by leveraging alternative and consortium data to verify the status and ownership of non-traditional accounts at digital banks, credit unions, and regional banks, unlocking an incremental 10-20% lift in coverage creating a more inclusive financial services experience for all users.

Socure Account Intelligence enables faster, safer, and more inclusive financial services

Cover underserved consumers beyond national and transnational banks

Eliminate delays and friction seen in microdeposit or permission-based methods

Maximize security by minimizing data input requirements with no need for account login

Provide detailed reason codes for actionable insights to optimize onboarding decisions

Key Benefits

Accelerate growth and revenue

Auto-convert a more diverse user base to accelerate revenue, while reducing cost

Prevent fraud losses

Make smarter decisions with data-backed intelligence and insights

Improve operational efficiency

Automate fast and accurate bank account verification to circumvent manual processes and dropoff

Why Socure?

Socure is a market leader in delivering powerful solutions that verify all populations, including underserved, thin-file, and non-traditional financial consumers — with single API access across end-to-end identity verification and fraud detection solutions via the Socure ID+ platform.

Enhance efficiency and cost savings

Automate bank account verification to perform accurate real-time checks in seconds
Eliminate costly manual processes that take days
Only pay for value-based insights

Streamline the verification process

Access instant account verification results for faster account funding
Avoid the delays and potential dropoff associated with microdeposit and permission-based solutions
Gain actionable data insights with thorough reason codes to automate onboarding and fraud prevention decisions

Simplify the user experience

Requires only three data elements from the consumer: name, bank routing number, and account number
Avoid using extra-sensitive data, such as bank login details
Deliver a streamlined experience with quick onboarding to avoid time-consuming, friction-filled, and error-prone processes

Leverage 10+ years of industry expertise

Benefit from the insights of Socure’s consortium database of more than two billion known outcomes
Combine bank account verification with Socure’s award-winning identity verification and fraud prevention solutions in a single API
Take advantage of Socure’s proven track record and unrivaled comprehensive data coverage

Key Capabilities

Replace pricy, outdated solutions

Replace permission-based solutions with a lower cost alternative and switch out microdeposits for a faster, safer option

Comply with Nacha requirements

Adhere to Nacha’s WEB Debit Rule to verify that a specified account exists and the requester is authorized to transact on it

Benefit from a value-based cost structure

Take advantage of competitive pay-for-performance pricing only when there’s coverage

Gain optimal data security

Require only a name, routing number, and account number for verification — no bank login necessary

Comply with Nacha operating rules and mitigate ACH payment risk and fraud

Nacha, the ACH Network governing body, recognizes Socure as a Compliance/Risk and Fraud Prevention Preferred Partner, which assures that you’re meeting ACH rule compliance and adhering to industry best practices for mitigating ACH payment risk and fraud.

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Resources

Blog

Account Validation Solutions: Which One is Best for Your Organization?

Learn how account validation can address the risks of permission-based solutions

How to Stay Ahead of Digital Payments Fraud with Socure Account Intelligence

See why it’s critical to verify bank account status and availability

Socure Account Intelligence Fact Sheet

Instantly and inclusively verify bank account availability and ownership

Socure is the leading platform for digital identity verification and trust.

Its predictive analytics platform applies artificial intelligence and machine learning technology with trusted online/offline data intelligence from email, phone address, IP, device, velocity, and the broader internet to verify identities in real time.

RESOURCES