Socure has announced an integration with Aeropay that allows consumers to verify their identity and connect a bank account using only a phone number and two clicks. The partnership combines Socure's identity verification technology with Aeropay's bank-linking capabilities to deliver a faster, more streamlined onboarding experience. One joint customer reported a straight-through account funding rate above 50%.

The workflow works as follows: once Socure verifies a customer's identity using only their phone number, Aeropay's Aerosync technology leverages that verified identity to prefill and confirm the linked bank account. The customer then proceeds directly to payment facilitation, or to cash flow underwriting based on aggregated bank transactions, without typing account details or any additional personal information.

This sequence—identity first via a phone number, with the bank connection derived from it—is what makes the integration a first of its kind. While open banking has previously been used to support identity verification, Socure and Aeropay invert the model: the verified identity establishes the bank connection, and both processes run inside a single decisioning platform rather than across two stitched-together vendors. That design speaks to a broader industry challenge: account-linking and identity checks have typically been procured from separate vendors, forcing businesses to reconcile two decisioning systems, and consolidation of these functions into single platforms has become a competitive focus across the fraud and payments technology market.

The gap between identity and payment systems is also where fraud thrives. As AI reduces the cost for fraudsters to run sophisticated attacks, organizations on non-integrated legacy stacks are absorbing losses from ACH returns, account takeover, first-party fraud, and stolen bank credentials. These losses occur precisely because the system that verifies the person cannot see the system that moves the money. Socure and Aeropay close that gap: Aerosync handles bank verification using Socure's identity signals, while Aeropay's AI risk models draw on a decade of intelligence to screen each transaction before settlement.

"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," said Johnny Ayers, Founder and CEO of Socure. "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."

"Identity and payment risk can't be treated as separate decisions," said Dan Muller, Founder and CEO of Aeropay. "By bringing our bank account verification and transaction risk capabilities into Socure's RiskOS platform, businesses get a more complete understanding of both the person and the payment behind every transaction."

The integration advances Socure's vision for RiskOS as the operating system for fraud, risk, identity, and compliance decisions across every business unit and use case. With Aeropay in the RiskOS network, businesses can apply risk controls across the full payment lifecycle through one integration rather than three. What bears watching is whether this phone-number-first pattern—already familiar to consumers through account-recovery flows—becomes a broader expectation for onboarding across banking, lending, and payments, and whether additional partners join the RiskOS network to extend the model to other decisioning workflows.