GeoComply has been named “Financial Transaction Security Platform of the Year” for the second year in a row.
The Vancouver-based provider of digital identity and geolocation solutions garnered the accolade from FinTech Breakthrough, an independent market intelligence organization that recognizes companies and technologies across the global market.
GeoComply’s digital identity solutions were built on an understanding that transaction security threats are not static; they evolve throughout the entire user journey, spanning accounts, devices, and entities that are often interconnected and hidden.
Unlike traditional transaction security platforms that are built on siloed, point-in-time checks, GeoComply continuously corroborates high-fidelity geolocation, device, and behavioural data to build context-aware evidence.
“Traditional AML programs assess risk through onboarding and siloed liveness checks,” notes Steve Johansson, who functions as Managing Director of FinTech Breakthrough. “But the signals aren’t linked, making it hard to determine if a legitimate user might later sell their account to a mule, move, or even have their credentials compromised long after account creation.”
This contextual precision translates into near-zero false positives, which is beneficial for underbanked and thin-file customers, who are often screened out by traditional fraud tools, according to the B.C. company.
With GeoComply, “continuous behavioural intelligence replaces siloed point-in-time checks that overlook key risk patterns, ensuring FinTechs don’t have to choose between security, user experience, and financial accessibility,” stated Johansson.
“We’re thrilled to award GeoComply ‘Financial Transaction Security Platform of the Year,'” he said.
Kip Levin, chief executive officer of GeoComply, is “honoured to be recognized by FinTech Breakthrough for the second year in a row,” calling the moment “a reflection of the trust our customers place in us every day.”
“Our platform has been pressure-tested for over a decade in the world’s most regulated markets, and that foundation is what allows us to see what others miss,” says Levin, pointing to “subtle, evolving patterns across a user’s entire journey that traditional solutions are simply not built to catch.”
“That depth of experience is what drives us to keep solving the problems that others don’t see coming,” he remarked, “and we will continue to raise the bar for excellence so our customers don’t have to choose between growth and security.”
GeoComply boasts an active network of 200 million device installs worldwide which fuel its AI/ML models, attracting two billion monthly incoming insights across Financial Services, FinTech, Media & Entertainment, iGaming, and more.
Propel Holdings was named “Personal Finance Company of the Year.”
The Fintech Breakthrough awards are now in their 10th year.
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