Apto Payments selects Sardine for risk monitoring

By Gloria Methri

Apto Payments, the one-stop-shop card issuing platform, has partnered with Sardine, the provider of fraud, compliance, and instant settlement solutions. The partnership will allow customers to launch card programs with support from comprehensive transaction monitoring tools to identify and prevent fraudulent behaviour.

The Sardine partnership comes amid the growing need for robust fraud and compliance solutions in the FinTech industry. According to a FICO report, U.S. card skimming fraud grew by over 700% in the first half of 2022. Through this partnership, Apto Payments wants to ensure that its clients have best-in-class solutions and that no card-related fraud takes place through Apto programs.

“In addition to offering an open platform and a suite of developer tools, Apto prioritizes its resources to provide a holistic risk management strategy. We are focused on ensuring that our customers can be successful with their card programs, even in the most challenging, highly evolving environments,” said Meg Nakamura, CEO of Apto Payments. “Partnering with Sardine allows us to bolster our own fraud and risk engines, resulting in the best cardholder protections in the industry.”

“We are thrilled to count Apto Payments as one of our customers; they are a world-class card issuing platform that powers some of the most innovative FinTech across the globe,” said Soups Ranjan, CEO of Sardine. “And honoured that they trust Sardine’s suite of Fraud & Compliance solutions to maximize their revenue efforts and make smarter fraud decisions – all from our real-time, risk-scoring engine.”

The Sardine agreement marks the latest partnership offering Apto’s customers solutions for their payments and card issuing needs. It follows Apto’s recent announcement about the addition of Patriot Bank to help customers bring card products to market with ease and confidence.