Prestigious Annual Awards Program Recognizes Outstanding Financial Technology Products And Companies Around the World
March 19, 2025 (Vancouver, BC) — GeoComply Solutions Inc. (“GeoComply”), a global leader in anti-fraud and geolocation compliance solutions, today announced that it has been selected as the winner of the “Best Financial Transaction Security Platform” award in the 9th annual FinTech Breakthrough Awards. The program was conducted by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market today.
GeoComply leverages advanced geolocation technology to tackle fraud and compliance risks at its core. The company combines multi-source geolocation data, layering information from Wi-Fi, cellular (GSM), GPS and IP with device fingerprinting to form a holistic view of a user’s true intent. By analyzing device information, behavioural patterns and geolocation risk factors, GeoComply gives businesses a clear picture of emerging threats and enables them to make swift decisions before fraud attempts can be made.
The solution’s resulting precision dramatically reduces false positives, giving GeoComply clients the flexibility to maintain a smooth user experience without endless authentication loops or blocked users. GeoComply also integrates seamlessly into platforms, harnessing signals from diverse data points in the background. As a result, businesses can remain compliant with OFAC, KYC, AML, and sanctions requirements while keeping the path clear for real customers.
With a globally attuned approach, GeoComply’s system adapts to local realities, ensuring consistent performance and compliance in any jurisdiction. This allows customers to expand into new markets without fearing a misstep in fraud prevention or regulatory compliance.
“Fundamentally, GeoComply doesn’t just verify a location; it builds intelligence around that location, making it part of a broader risk assessment. With the rise of digital banking, payment apps, and cryptocurrency platforms, transaction volume has soared. However, existing fraud prevention tools struggle to keep up, often burdening users with excessive verification steps,” said Steve Johansson, Managing Director of FinTech Breakthrough. “GeoComply’s intelligence fuels both near-instant evaluations and long-term analytics. Businesses can refine their strategies, anticipate threat patterns, and evolve faster than fraudsters do, all thanks to GeoComply’s robust data. Congratulations on winning ‘Best Financial Transaction Security Platform!’”
The FinTech Breakthrough Awards is the premier awards program founded to recognize the FinTech innovators, leaders and visionaries from around the world in a range of categories, including Digital Banking, Personal Finance, Cryptocurrencies, Lending, Payments, Investments, RegTech, InsurTech and many more.
“The FinTech space is moving faster than ever, and organizations need robust, real-time solutions to protect their customers and their bottom line. Our products focus on accuracy, reliability, and deep data insights, allowing companies to identify anomalous user activity before it becomes a large-scale threat,” said Kip Levin, CEO of GeoComply. “We’re honored to stand among FinTech Breakthrough’s winners. We remain committed to continuous innovation, ensuring our platform addresses emerging risks and stays one step ahead to set a new standard for trust, security, and compliance.”
To learn more about GeoComply and how the technology is supporting the FinTech industry, please visit: www.geocomply.com
About GeoComply
GeoComply provides advanced anti-fraud and geolocation compliance solutions that prevent and detect fraud and help verify a user’s true digital identity. Trusted by leading brands and regulators for over 10 years, the company’s geolocation solutions are installed on over 200 million devices and analyze billions of transactions per year.
GeoComply’s award-winning products are based on the technologies developed for the highly regulated and complex U.S. online gaming and sports betting market. Beyond FinTech and iGaming, GeoComply provides fraud detection solutions for media and entertainment, banking, payments, and cryptocurrency industries, building an impressive list of customers, including Akamai, Nextdoor, BBC, BetMGM, DraftKings, FanDuel, and Luno.
About FinTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for technology innovation and leadership around the globe, the FinTech Breakthrough Awards program is devoted to honoring breakthrough innovation in Financial Technologies and Services companies and products. The FinTech Breakthrough Awards provide public recognition for the standout achievements of FinTech companies and products in categories that include Payments, Personal Finance, Cryptocurrency, Wealth Management, Fraud Protection, Banking, Lending, RegTech, InsurTech and more. For more information visit FinTechBreakthrough.com.
Tech Breakthrough LLC does not endorse any vendor, product or service depicted in our recognition programs, and does not advise technology users to select only those vendors with award designations. Tech Breakthrough LLC recognition consists of the opinions of the Tech Breakthrough LLC organization and should not be construed as statements of fact. Tech Breakthrough LLC disclaims all warranties, expressed or implied, with respect to this recognition program, including any warranties of merchantability or fitness for a particular purpose.
