Edge and Socure team up to fight AI fraud

Edge, a provider of cashflow analytics for lenders, is partnering with Socure to strengthen defenses against AI-driven fraud. The collaboration pairs Edge's ability to derive lending scores from bank transaction data with Socure's AI-native identity intelligence platform.

Edge operates as a cashflow bureau, converting raw bank transaction information into explainable, machine learning-developed scores and attributes. These tools are used by lenders for credit decisions and by rental screening firms to assess applicants. The explainability of the models is a key feature, allowing institutions to understand the rationale behind each score.

Socure brings its identity intelligence and risk decision capabilities, which are built on AI and are used globally to verify identities and detect fraud. By integrating Socure's technology with Edge's cashflow data, the combined system aims to give lenders a more complete picture of applicant risk, particularly against sophisticated fraud that uses AI to generate fake or manipulated financial documents.

The integration is designed to help financial firms identify fraudulent applications more quickly without sacrificing the transparency needed for regulatory compliance. As AI-generated fraud becomes more prevalent, partnerships like this one highlight the industry's shift toward more dynamic, data-driven risk management. The two companies expect the collaboration will enhance decision speed and accuracy for their clients.