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.

  • 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.

    Group 1453

    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.

  • Fintech_Timeline1

    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.

  • Fintech_Timeline2

    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.

  • Fintech_Timeline3

    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.

  • Fintech_Timeline4

    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.

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

  • bank


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

  • wallet-crypto


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

  • crdit-card-alt


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

  • briefcase-metal

    Merchant Acquirers

    Combat fraud by onboarding only legitimate sub-merchants.

  • Take a deeper dive! Check out our content.

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