GeoComply for financial services

How can you “Know Your Customer” when you don’t know where they are?

Mitigate fraud risks by detecting and stopping bad actors who spoof their location.

Location fraud detection and security for every type of financial institution.

  • bank


    Improve risk management and compliance, while reducing fraud and customer friction.

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    wallet crypto


    Protect your platform by effectively blocking users from sanctioned or restricted jurisdictions.

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    credit card


    Fight chargeback fraud, reduce false positives, and decrease risk exposure.

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    Approve more legitimate customers and stop fraudsters who spoof their location.

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    • Allen Ambrogio, former U.S Director of Operations, Tipico

      Geolocation is one of the best fraud prevention tools we have.

      Allen Ambrogio, former U.S Director of Operations, Tipico
    • Mark Dawes, former Vice President – Sales & Partnerships, Accertify

      Location is typically one of the variables that a fraudster will try to spoof to hide their true identity.

      Mark Dawes, former Vice President – Sales & Partnerships, Accertify
    • Jarod Koopman, Director, IRS – Criminal Investigations (CI)

      I think there’s a great benefit to the financial sector in partnering with third-party companies to develop and institute advanced location signaling.

      Jarod Koopman, Director, IRS – Criminal Investigations (CI)
    • FINRA Shares Practices Firms Use to Protect Customers From Online Account Takeover Attempts

      There are a variety of factors that firms and vendors may incorporate into their authentication system and processes to verify a customer’s identity, including…geolocation information.

      FINRA Shares Practices Firms Use to Protect Customers From Online Account Takeover Attempts
    • Karen Boyer, VP, Financial Crimes and Fraud Intelligence, People’s United Bank

      With the AML reform, which focuses on innovation, I’m hoping that the standard of authentication has risen away from IP. I think that’s a bit archaic. Authentication needs to start getting into geo-fencing and geo-data: the actual location of the devices.

      Karen Boyer, VP, Financial Crimes and Fraud Intelligence, People’s United Bank
  • devices

    Customer not present fraud continues to evolve. Companies need to enhance their fraud tools to prevent it.

    “Online payment fraud losses to exceed $200 billion by 2024.” – Juniper Research

  • capitol building

    Regulators are raising the bar. Fines for compliance failures are soaring.

    “Global AML/KYC and sanctions fines cost US$10 billion in 2020.” – Fenergo

  • location target

    Any risk engine still relying on IP geolocation is missing the mark.

    “3 in 10 internet users use VPNs, and over 50% of internet traffic is mobile.” – Global Web Index | Statista

  • Are you missing out on crucial location data points to protect your customers against fraud?

    Today, a majority of apps collect user location data, and users are more comfortable enabling access.

    • 61%

      of commonly used apps ask to collect user location.

    • 80%

      of smartphone users enable location services.

    • 55%

      of millennials and Gen Z would switch to a bank that uses location data to secure their accounts.


    Reduce fraud by using advanced location signals from a user’s device.

    Safeguard against location spoofing and bullet-proof your KYC and fraud prevention processes.

  • identity verified

    Improve onboarding and account opening.

    Use geolocation signals to improve the accuracy of identity verification for Know Your Customer (KYC) and enhanced customer due diligence. Add confidence in automated underwriting when opening merchant accounts.

  • fraudulent transaction

    Reduce transaction fraud and approve more good customers.

    Require location checks to discourage bad actors and improve accuracy in differentiating between real fraud and false positives, as well as reducing false negatives.

  • authenticating user

    Prevent account fraud with stronger authentication.

    Monitor account updates and user behavior by adding geolocation checks for continuous authentication. This protects against account takeovers and account update fraud while also reducing friction.

  • location verified

    Strengthen anti-money laundering (AML) and sanctions compliance.

    Ensure compliance with jurisdictional requirements by verifying the true location of a transaction. Block restricted users with compliance-grade geofencing capabilities.

  • Learn about RiskGuard

    Get more value out of your existing fraud stack.

    GeoComply’s unique approach to collecting, verifying and analyzing location data brings a new set of insights for fraud and risk management.

    • Strengthen KYC and CDD

      Location is an important component of knowing your customer. “Spoof-proof” and accurate geolocation data (beyond simple IP address) ensure that KYC and CDD are robust and protected from exploitation.

    • Fraud Prevention and Risk Mitigation

      Real-time historic analysis of geolocation transactions strengthens risk management by creating a holistic oversight of user behavior. Suspicious or fraudulent activity, such as account takeover, can be prevented in real-time and identified over time.

    • Reporting and Traceability

      All geolocation transactions are managed in a secure database and archive creating audit trail transparency and traceability. This strengthens reporting capabilities of FIs for regulators and law enforcement.

    • Sanctions Compliance

      Compliance-grade geofencing capabilities add extensive location assurance through the collection of multiple sources, and unaltered geolocation data strenthens sanctions compliance. IP-based solutions do not constitute location due dilligence.

    Take a deeper dive! Check out our content.

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