Socure and Aeropay Launch Two-Click Bank Linking and Identity Verification Integration

Socure and Aeropay have launched a first-of-its-kind integration that allows consumers to verify their identity and link bank accounts using only a phone number. For fintech professionals, this represents a significant shift in onboarding efficiency, closing the security gap between identity verification and payment movement to reduce fraud while achieving straight-through account funding rates exceeding 50%.

What was announced

The integration merges Socure’s identity verification technology with Aeropay’s bank-linking capabilities, specifically utilizing Aeropay’s Aerosync technology. The workflow is designed to be "identity-first": once Socure verifies a user’s identity using merely their phone number, Aerosync uses that verified data to prefill and confirm the linked bank account. This eliminates the need for users to manually enter account details or additional personal information, reducing the onboarding process to just two clicks. The customer then moves immediately into payment facilitation or cash flow underwriting based on aggregated bank transactions.

One joint customer using the integrated solution reported a straight-through account funding rate of over 50%. Beyond speed, the integration aims to solve the "gap" between identity and payment systems where fraud often occurs. By running both processes within Socure’s RiskOS decisioning platform, the system can better detect sophisticated AI-driven attacks, including ACH returns, account takeovers, first-party fraud, and stolen bank credentials. These losses often occur in legacy stacks because the system verifying the person cannot see the system moving the money.

The technical approach inverts traditional open banking models. While open banking has historically been used to support identity verification, this partnership uses a verified identity to establish the bank connection. This allows businesses to apply risk controls across the full payment lifecycle through a single integration within the RiskOS network, rather than managing three separate integrations.

"Every customer that I talk to about onboarding and ongoing authentication is struggling with the same challenge: how do they increase conversion rates while decreasing friction and simultaneously reducing fraud exposure. Our integration with Aeropay helps our customers achieve this objective by streamlining the entire onboarding experience to one data point and two clicks, while decreasing identity and payment fraud, and increasing authentication accuracy."

Johnny Ayers, Founder and CEO of Socure.

The companies involved

Socure is a prominent provider of identity verification and fraud prevention software, recently achieving a $5.2 billion valuation. The company has expanded its technological footprint through strategic moves, including the acquisition of Fravity. Its core offering, RiskOS, functions as an operating system for fraud, risk, identity, and compliance decisions, aiming to serve as a centralized platform for various business units and use cases. Socure’s technology is used to verify identities and provide risk signals across a wide range of industries.

Aeropay is a financial technology company focused on bank-linking and payment facilitation. Its Aerosync technology provides the infrastructure for secure bank account verification and transaction risk management. The company is backed by investors including Chicago Ventures, CH Investment Partners, and Group 11. By bringing its bank account verification and transaction risk capabilities into the Socure ecosystem, Aeropay provides businesses with a more comprehensive view of the relationship between a person’s identity and their financial transactions. Both companies are positioned as critical infrastructure providers for digital-first businesses that require high-velocity onboarding without compromising on security or regulatory compliance.

What FF News has reported before

FF News has closely followed Socure’s rapid ascent in the fintech sector. We previously reported that Socure Hits $5.2B Valuation with Strategic Investment and Fravity Acquisition, marking a significant milestone for the identity provider. The company has also been active in the lending space, as seen when EDGE and Socure Partner to Combat AI-Driven Fraud in Consumer Lending. Additionally, Socure has focused on expanding accessibility and public sector utility, notably when Socure Launches Remote Verifier to Eliminate Identity Friction and Boost Public Sector Inclusion. Our coverage also includes the company’s analytical work, such as when a Socure Report Finds Disaster Relief Efforts Were Plagued by Fraud After Texas Floods, highlighting the pervasive nature of identity-related crime in the wake of natural disasters.

What this means

This integration highlights a growing industry realization: identity and payments are no longer distinct silos. As AI-driven fraud becomes more sophisticated and less expensive to execute, the traditional "stitched-together" vendor model is under immense pressure. By inverting the open banking flow—using identity to drive the bank connection rather than the other way around—Socure and Aeropay are challenging the standard friction-versus-security trade-off. For the broader market, this raises the bar for onboarding speed. Competitors who cannot offer a "two-click" experience may see significant churn as consumers gravitate toward platforms that leverage verified identity signals to bypass manual data entry entirely.