Case Study: Funding Circle streamlines fraud and compliance with Signicat

Funding Circle cuts fraud with Signicat, reducing manual checks by up to 85%

Funding Circle, a UK-based FinTech lending platform, sought to automate and streamline its fraud and compliance checks to accelerate its customer onboarding and funding processes. The challenge was to integrate multiple independent tools into a cohesive system that could perform real-time checks without causing delays. To address this, they partnered with vendor Signicat and implemented its Riskflow product.

By utilizing Signicat's agile solutions, Funding Circle achieved transformative outcomes, redefining its approach to fraud and compliance. The solution automated essential checks, significantly reducing manual interventions and the associated risk of errors. This shift enhanced operational efficiency, allowing internal teams to focus on complex investigations. Signicat's technology was fundamental in helping Funding Circle accept more customers while staying ahead of fraudsters.

Funding Circle