Socure expands bank account verification to over 30 countries

Socure has expanded its bank account verification solution to over 30 countries outside the United States and Canada.

An American platform specializing in digital identity and risk decision-making has announced the expansion of its Bank Account Verification feature to an international scale. The new capabilities allow organizations to verify bank accounts in real time across a variety of scenarios, such as cross-border payments, global payroll, marketplace payouts, lending, refunds, P2P transfers, and A2A payments.

The solution is based on the RiskOS platform and works without the need for users to log in to the bank, redirects, or test micropayments. According to the company, the system provides up to 98% coverage in terms of account status and up to 82% in terms of account owner verification. Decisions are usually made in less than two seconds based on the first and last name, routing number, and account number.

The expansion of the offering comes in the context of regulatory changes in the US. Nacha is preparing to implement updated ACH network rules, which will come into effect on March 20, 2026. The new regulations expand fraud monitoring requirements and introduce the obligation to use a risk-based approach to identify unauthorized transactions and operations initiated under false pretenses. Under the updated model, both initiating and receiving institutions are required to maintain commercially reasonable controls to detect and mitigate fraud. Simply confirming the existence of an account is no longer a sufficient standard.

Many existing account validation tools rely on users logging into online banking or making manual test micropayments. These methods confirm that the account is active, but they do not verify whether it actually belongs to the intended recipient or whether it poses an increased risk of fraud. In addition, they often operate in closed banking networks, limiting the visibility of data from fintechs, neobanks, credit unions, or international institutions.

Socure's solution aims to fill this gap by combining account status and ownership verification with integrated risk analysis, including identity, device, and first-party fraud signals, in a single automated process. The platform covers neobanks, fintechs, credit unions, payment platforms, and international institutions beyond traditional banking consortia.

Organizations using the solution can identify high-risk behaviors related to account financing—including deposits, money transfers, gambling, and brokerage accounts—even before funds are transferred. The system allows for limiting ACH returns resulting from insufficient funds or unauthorized debits and minimizes losses related to erroneous payments after account takeover. Implementation is possible within a few hours, and dynamic, in-depth verification is available if certain risk thresholds are exceeded.

International expansion positions Socure as a provider of real-time, fraud-aware payment infrastructure amid growing volumes of cross-border payments and global payrolls, and increasing regulatory scrutiny.