How does LexisNexis TrueID compare to Bank Account Validation?

LexisNexis TrueID provides advanced identity verification capabilities, ensuring organizations can accurately verify individuals while meeting compliance requirements. The solution uses document verification, biometric analysis, and real-time data cross-referencing to validate identity claims with high accuracy.

TrueID enhances customer onboarding processes and mitigates risks associated with identity fraud. Its integration capabilities and customizable workflows make it a critical tool for businesses seeking to enhance security and operational efficiency.

Sardine's Bank Account Validation solution provides real-time verification of bank account details to mitigate risks associated with payment fraud and invalid transactions. By analyzing account data and transaction history, the platform ensures that payments are processed securely and accurately.

This solution integrates seamlessly with payment systems and onboarding workflows, offering instant validation without disrupting operations. Sardine's Bank Account Validation helps businesses enhance payment security, reduce operational inefficiencies, and improve trust with customers and partners.

• 🏆 Ranked - Strong Performer by Forrester (2024)
• 🏆 Best Overall AI Company by AI Breakthrough Awards (2024)
• 🏆 Named on RegTech100 by FinTechGlobal (2024)
• 🏆 Financial Crime and Compliance50 2024 - Ranked 4 by Chartis (2024)
• 🏆 RiskTech100 2024 - Ranked 13 by Chartis (2024)

LexisNexis Risk Solutions is a global data and analytics company that provides information-based analytics, decision tools, and data management services to help organizations make informed decisions, stay compliant, reduce risk, and improve operations

Sardine offers a platform to automate risk decisioning, catch more fraud, detect money laundering, and protect customers from scams.

Sardine's platform integrates several key functionalities aimed at combating fraud and ensuring compliance:

- Fraud Detection: Utilizing behavioral analysis and machine learning, Sardine detects scams before they occur by monitoring subtle changes in user behavior across the customer lifecycle—from onboarding to transaction monitoring.
- Risk Scoring: The platform employs advanced risk-scoring models to evaluate potential threats in real-time.
- Compliance Solutions: Sardine provides services such as Know Your Customer (KYC), Know Your Business (KYB), transaction monitoring, and anti-money laundering (AML) compliance.
- Device Intelligence & Behavioral Biometrics: By incorporating device intelligence and behavioral biometrics, Sardine enhances its fraud detection capabilities beyond traditional methods.

The inception of Sardine was driven by the founders' experiences in the fintech space, particularly their recognition of the fragmented nature of fraud prevention services available to cryptocurrency and neobanking sectors. Ranjan's background in cybersecurity and machine learning, alongside the team's collective expertise, led to the development of a unified API platform designed to tackle various fraud risks comprehensively. The name "Sardine" is a nod to Suspicious Activity Reports (SARs), which are critical in reporting financial crimes.