By the second quarter of this year, Sardine has partnered with Helix by Q2, a cloud-native core for Embedded Finance, to provide real-time transaction monitoring, fraud prevention, and BSA/AML compliance tools.
This partnership aims to enhance risk management operations for Helix’s sponsor banks and fintechs. Through integration with Helix’s API-driven core, Sardine will deliver a comprehensive fraud and compliance solution that includes onboarding, ongoing monitoring, and transaction risk management. This setup enables banks to identify suspicious activities across various payment channels in real-time while providing fintechs with greater transparency in their compliance processes.
Enhancing Fraud Detection and Monitoring
Sardine is an agency-focused risk management platform that safeguards companies against cybercrime by detecting financial fraud instantly. It streamlines compliance workflows by consolidating data across different risk teams, which benefits both security and product growth initiatives.
Utilizing Sardine’s infrastructure, Helix clients can observe transactions on all payment platforms, swiftly identify unusual patterns, and automate BSA/AML procedures. This approach seeks to reduce manual review time and compliance costs while preserving the user experience.
Helix believes that historical approaches to fraud prevention have often hindered advancements in the financial sector. By teaming up with Sardine, Helix aims to accelerate risk management processes without compromising efficiency or customer satisfaction. The integration of modern core and fraud technology is expected to deliver enhanced services.
According to Sardine, timely money transfers require prompt fraud detection methods as well. The partnership will empower sponsor banks and fintechs to manage risks and comply with regulations effectively while fostering safe growth aligned with consumer expectations.
Helix by Q2 offers the essential building blocks of banking for fintech companies aiming to embed tailored financial experiences into their offerings. Supporting a wide array of clients, including brands and financial institutions, Helix facilitates 18 million accounts and handles USD 40 billion in transaction volumes annually.
