Sigma First-Party Fraud

Stop repeat abusers at scale

Accurately predict risk and abuse patterns with unprecedented visibility into suspicious activity across the broader financial ecosystem.

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Tackling the $100B first-party fraud problem with unrivaled consortium intelligence

Organizations have long struggled to stop potential new and repeat fraud abusers, suffering losses exceeding $100B annually. Socure is changing the game by pooling and analyzing mass amounts of cross-industry data around dispute histories, payment denials, account closures, and more to precisely predict if a consumer is likely to act in bad faith and stop bad actors at scale.

Key Benefits

Cut financial losses

Minimize losses from bad faith disputes, chargebacks, payment defaults, and other abuse patterns with precise risk detection and actionable insights.

Boost operational efficiency

Streamline dispute investigations with real-time alerts and enable effective prioritization, freeing up resources to focus on the disputes worth challenging.

Build consumer trust

Enhance loyalty and trust by reducing friction for legitimate customers, creating a seamless and reliable experience.

Detect bad-faith actors before they strike

Sigma First-Party Fraud performs real-time analysis of dispute histories, payment denials, and account closures across millions of identities and billions of transactions. Your organization gains key signals and insights to protect against bad-faith actors, minimize financial losses, and deliver a seamless experience for legitimate users.

Reveal risky behaviors across the broader financial ecosystem

Gain unprecedented visibility into fraud behaviors from the largest cross-industry consortium of good and bad identities, spanning financial institutions, fintechs, BNPL, online gaming, eCommerce, and more to uncover risk and abuse patterns with precision.

Understand user intent with an identity manipulation risk score

Confidently assess abuse risk at account opening and beyond using the only cross-industry predictive risk score that quantifies the likelihood of identity manipulation that could lead to risk or loss exposure.

Act instantly on emerging risks with real-time alerts

Receive real-time alerts when a consumer’s risk profile changes and empower your teams to take immediate action on booked accounts, prevent fraudulent transactions, and mitigate risks before they escalate into significant losses.

Key Capabilities

Advanced technology and analytics

Sigma First-Party Fraud analyzes millions of identities and billions of transactions in real time to spot repeat abusers or applicants likely to act in bad faith with speed and precision.

Unmatched data coverage

Leverage the largest and only cross-industry First-Party Fraud Consortium to uncover a significant population of bad actors often missed by traditional banks and standard tools.

Dedicated first-party fraud solution

Detect the unique nuances of first-party fraud across the entire customer journey to ensure accurate detection of high-risk or manipulated identities, and prevent misclassification.

Real-time alerts and monitoring

Receive instant notifications when a risk profile changes, enabling your team to act quickly, prevent fraudulent activity, and stop losses before they escalate.

Consortium Members Include:

Resources

Report

First-Party Fraud

Socure Identity Risk Insights: Defining and Solving the Elusive Challenge of First-Party Fraud

Insights Guide

Unlock Trustworthy Financial Ecosystems

Learn the key benefits of a strong identity verification software.

Blog

Reinforcing the Fight Against Synthetic Identity Fraud

With synthetic identity fraud growing in scale, Socure’s multilayered approach offers a critical line of defense.

Let us prove it.

Reduce financial losses, enhance operational efficiency, and establish a trusted ecosystem with Sigma First-Party Fraud. Schedule a live trial or batch test today.

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