Their transactions can appear legitimate because bank-led consortiums don’t share data with fintechs and merchants.
By monitoring transactions across banks, merchants, fintechs, and crypto, you’re always a step ahead in detecting financial crime.
Protect against First Party Fraud at account opening, funding, and payment initiation. Support for multiple rails including, credit/debit, ACH, RTP, FedNow, A2A, and P2P apps (Zelle, Cash App, and Venmo).
All data is anonymized and shared under USA PATRIOT Act Section 314(b), GLBA, and FCRA.
Members receive 25% revenue share for risk decisioning feedback.
Identify linkages between identities, devices, and behavior patterns pointing to repeat offenders, sleeper fraud cells, and organized criminal rings.
Protect your customers from the growing threat of social engineering scams, resulting in financial loss and damage to the reputation and trust of your service.
Flag accounts or individuals exhibiting suspicious activities, such as transfers to cryptocurrency wallets, or sudden changes in transaction routes, volumes, or time of day.
Identify abnormal return volumes, link accounts to fraudulent devices, and recognize organized patterns across the customer lifecycle before further abuse occurs.
CEO, Alloy Labs
Chief Innovation Strategy Officer, Chesapeake Bank
President, Sonar
Augment your risk decisioning with curated signals tailored to specific fraud, compliance, and credit use cases.
Detect friendly fraud, ACH fraud, APP fraud, and mule accounts.
Includes risk scores, reputation levels, device and behavior intelligence.
Leverage during account opening, funding, and checkout.
Prevent money laundering and terrorist financing activities.
Flags if entity has suspicious transaction activity or if other members have flagged them as high-risk.
Stop funds from being laundered through a chain of banks or fintechs via ACH debits.
Screen applicants with thin or no file on record using alternative signals.
Includes Demand Deposit Account (DDA), card, and digital wallet transaction data.
Sonar will become a furnisher of credit risk data in 2024.
Distinguish between genuine transactions and those where a user’s account has been taken over or compromised.
If the entity is not present in Sonar, members can automatically route their query to dozens of our world-class data partners.
Get risk scores, reputation levels, blocklists, device fingerprints, and behavioral biometric signals.
Improve AML compliance across transactions, accounts, and platforms to uncover the movement of illicit funds.
Minimal data transmission. Just send us an email, phone, or transaction details to receive a counterparty risk score.
Constantly improving risk models based on consortium member reports and transactional feedback.
