Sokratech provides a no-code platform that enables businesses to build, test, and deploy real-time fraud and credit risk rules without engineering support. This solution addresses the challenge of slow rule updates and excessive manual reviews, allowing companies to automate 90% of their risk decisions and enhance their fraud detection capabilities.
Funding
$0 raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Businesses often struggle with slow fraud and credit risk rule updates due to reliance on engineering support, leading to delayed responses to evolving fraud patterns. This results in excessive manual reviews, slow decision-making, and potential exposure to risky rule deployments without proper testing.
Solution
Sokratech offers a no-code platform that empowers businesses to build, test, and deploy real-time fraud and credit risk rules without requiring engineering resources. The platform enables instant deployment of custom fraud detection workflows, automating up to 90% of risk decisions. By providing a no-code workflow builder, Sokratech allows risk teams to implement their expertise directly, leveraging pre-built rules or AI-driven recommendations tailored to unique fraud patterns. The platform also offers real-time data enrichment, providing a 360-degree view of the customer with access to over 100 device and identity signals, and supports backtesting, shadow testing, and A/B testing for confident rule deployment.
Target Audience
Sokratech primarily targets risk and fraud teams within online businesses that require agile and efficient fraud detection and prevention capabilities.
Features
- No-code workflow builder for creating and deploying custom fraud and credit risk rules
- Real-time data enrichment with access to over 7 billion identity data points and 100+ device and identity signals
- AI-powered rule recommendations based on analysis of unique fraud patterns
- Backtesting, shadow testing, and A/B testing capabilities for risk-free rule deployment
- Case management system with access to user history and triggered rules
- Advanced analytics dashboard for monitoring workflow effectiveness in real-time
- Real-time fraud detection workflows that can be deployed in minutes
- ISO27001:2022 certified security practices