FrankieOne has unveiled a comprehensive risk and compliance platform aimed at addressing fraud detection, anti-money laundering (AML) regulations, and identity verification. Unlike platforms that focus only on initial onboarding, this new service supports ongoing monitoring, enabling businesses to adapt swiftly to evolving fraud risks and regulatory obligations.

According to FrankieOne representatives, the solution unifies multiple risk management functions via a single API integration, making it easier for firms to access over 350 global data and fraud service providers. The launch follows an estimate that financial crimes now exceed USD 5 trillion annually, posing significant operational and reputational risks in sectors like banking, fintech, and wagering.

Continuous Monitoring and Risk Scoring

The new platform includes tools for tracking customer activities across multiple interactions, not just during onboarding. Key features include session monitoring, transaction screening, and the detection of behaviors often associated with fraud, such as credential stuffing or use of remote access software. Real-time observation of these signals aids institutions in maintaining compliance while responding to emerging threats.

One component, called Graduated Onboarding, employs over 1,000 data signals—such as behavioral biometrics and device information—to assign risk scores to users. Lower-risk individuals can complete onboarding with minimal disruption, whereas higher-risk users are subjected to more rigorous verification processes.

FrankieOne officials also noted the use of ‘silent checks’ to identify potentially risky users before they progress through identity verification. This approach aims to minimize false positives and allow companies to focus resources on critical threats.

The system is designed to consolidate various identity checks, fraud detection, and AML compliance functions into a single interface, offering sector-specific customizations and easy integration with third-party data providers.

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