Sonar is an independent, member-run data consortium for sharing real-time insights into First-Party and Counterparty Risk. As a 314(b) designated utility, Sonar is committed to facilitating collaboration among financial institutions and fintechs to combat financial crime. Sonar’s approach is centered on establishing trust and security in financial transactions, irrespective of the payment rail, by verifying the credentials of all parties involved.
Today, members are actively contributing towards new services to tackle emerging fraud and scam trends. Insights on these fraud and scam vectors are shared in compliance with the Gramm-Leach-Bliley Act (GLBA) and FinCEN 314(b) to prevent money laundering. A comprehensive set of operating rules, including the protection of shared data, has been ratified by members to govern the utility's operations.
Sonar invites financial institutions, fintechs, and merchants to join its important fight against financial crime.
Company Details
- Employees
- 5
- Founded
- -
- Address
- Charlotte, North Carolina, Us
- Industry
- Financial Services
- NAICS
-
Finance and InsuranceMonetary Authorities-Central Bank
- Website
- https://www.joinsonar.com/
- Keywords
- Fraud Prevention, Counterparty Screening, Anti-Money Laundering, Risk Decisioning, Know Your Customer, KYC, Compliance, AML Compliance, AML, First-Party Fraud, Real-time Payments, Credit Risk.
- HQ
- Charlotte, North Carolina
Sonar Questions
Sonar's website is https://www.joinsonar.com/
Sonar's LinkedIn profile is https://www.linkedin.com/company/joinsonar
Sonar has
5 employees.
View email and phone details for 5
employees at Sonar.
Sonar's industry is
Financial Services
Sonar's categories are Financial Services
Sonar's founding year is 2023
