# SoFi Technologies: Fraud and credit AI Source: https://www.bankingnewsai.com/banks/sofi/fraud-and-credit-ai Last updated: Oct 31, 2026 *Part of the [SoFi Technologies AI strategy profile](https://www.bankingnewsai.com/banks/sofi).* ## How does SoFi use AI for fraud detection and credit decisions? SoFi's fraud and credit AI combines its own risk models, partner AI agents and risk products it sells through SoFi Technology Solutions. In lending, the 10-K for 2025 says personal and student loan underwriting draws on 'custom credit assessment models' and that rates are set 'using proprietary risk models'. Oscilar said in June 2026 that SoFi deploys new credit risk strategies 50% faster with its Workflow Generator Agent, from weeks to days, with a 30%+ improvement in decisioning speed. On the April 29, 2026 call SoFi said it was rolling out Personal Loan Doc Coach, which 'uses AI to validate members pay subs and other documents'. In fraud, Poetic said in June 2026 that its AI reached 99%+ quality executing SoFi fraud investigations end-to-end in five weeks, and SoFi has been a founding member of Socure's First-Party Fraud Consortium since its launch in October 2023. For clients, SoFi offers seven risk and fraud products whose models often use 'over 600 data points for a single decision', including the machine-learning Galileo Instant Verification Engine launched in September 2024. CEO Anthony Noto called fraud and risk a growth pillar on October 27, 2026, saying 'we are getting attacked constantly'. It does not publish fraud losses prevented, approval rates or model performance attributed to AI. ([SEC (SoFi Technologies 10-K)](https://www.sec.gov/Archives/edgar/data/1818874/000181887426000013/sofi-20251231.htm), [Oscilar (PR Newswire)](https://www.prnewswire.com/news-releases/oscilar-launches-agent-hub-the-first-unified-ai-agent-platform-spanning-fraud-compliance-credit-and-onboarding-302789709.html), [Earnings call transcript (The Motley Fool)](https://www.fool.com/earnings/call-transcripts/2026/04/29/sofi-sofi-q1-2026-earnings-call-transcript/), [PR Newswire (Poetic)](https://www.prnewswire.com/news-releases/poetic-raises-50m-series-a-to-automate-the-worlds-most-complex-enterprise-processes-with-reliable-ai-302796939.html), [Socure (PR Newswire)](https://prnewswire.com/news-releases/socure-launches-industrys-preeminent-first-party-fraud-solution-and-consortium-joined-by-founding-members-sofi-green-dot-varo-ingo-dave-and-public-amongst-others-301964209.html), [Galileo (Business Wire)](https://www.businesswire.com/news/home/20240910452642/en/Galileo-Launches-Instant-Account-Verification-and-Machine-Learning-Risk-Score-to-Secure-Financial-Transactions-Amid-Escalating-Cyber-Threats), [Earnings call transcript (The Motley Fool)](https://www.fool.com/earnings/call-transcripts/2026/10/27/sofi-sofi-q3-2026-earnings-call-transcript/), [Google Patents (USPTO)](https://patents.google.com/patent/US11928730B1/en)) ## Where does SoFi use models and AI in credit? | Area | What SoFi or its partner says | Date | Source | Sources | | --- | --- | --- | --- | --- | | Loan underwriting | Personal and student loan underwriting models 'are typically based on credit reports, standard industry credit scores, custom credit assessment models, and debt capacity analysis' | 10-K for 2025 | SEC EDGAR | [SEC (SoFi Technologies 10-K)](https://www.sec.gov/Archives/edgar/data/1818874/000181887426000013/sofi-20251231.htm) | | Earlier wording | The 10-K for 2023 listed 'industry credit and bankruptcy prediction models' in place of standard industry credit scores, with proprietary risk models used to 'project quarterly loan performance' | 10-K for 2023 | SEC EDGAR | [SEC (SoFi Technologies 10-K)](https://www.sec.gov/Archives/edgar/data/1818874/000181887424000026/sofi-20231231.htm) | | Credit strategy (Oscilar) | 50% faster deployment of new credit risk strategies using the Workflow Generator Agent, reducing time from weeks to days, plus a 30%+ improvement in decisioning speed | June 3, 2026 | Oscilar (PR Newswire) | [Oscilar (PR Newswire)](https://www.prnewswire.com/news-releases/oscilar-launches-agent-hub-the-first-unified-ai-agent-platform-spanning-fraud-compliance-credit-and-onboarding-302789709.html) | | Document checks | Personal Loan Doc Coach 'uses AI to validate members pay subs and other documents', streamlining applications | April 29, 2026 | Q1 2026 call | [Earnings call transcript (The Motley Fool)](https://www.fool.com/earnings/call-transcripts/2026/04/29/sofi-sofi-q1-2026-earnings-call-transcript/) | | Fairness in model training | Patent US11928730B1 on training machine-learning models with fairness improvement, for outputs that can involve disparate treatment or disparate impact | March 12, 2024 | Google Patents | [Google Patents (USPTO)](https://patents.google.com/patent/US11928730B1/en) | | Fair lending risk | Regulators 'could also take the position that the underwriting or credit models or algorithms we use produce disparate outcomes' | 10-K for 2025 | SEC EDGAR | [SEC (SoFi Technologies 10-K)](https://www.sec.gov/Archives/edgar/data/1818874/000181887426000013/sofi-20251231.htm) | ## What AI does SoFi use against fraud? | Tool or partner | What it does | Date | Source | Sources | | --- | --- | --- | --- | --- | | Poetic | AI reached 99%+ quality executing SoFi fraud investigations end-to-end in five weeks; Noto: Poetic 'was able to execute many of our fraud processes end-to-end' | June 10, 2026 | Poetic (PR Newswire) | [PR Newswire (Poetic)](https://www.prnewswire.com/news-releases/poetic-raises-50m-series-a-to-automate-the-worlds-most-complex-enterprise-processes-with-reliable-ai-302796939.html) | | First-Party Fraud Consortium (Socure) | SoFi is a founding member of the data-sharing consortium, launched October 23, 2023; by December 2024, on average 77% of members' customers had overlapping accounts at two or more institutions | October 23, 2023 | Socure (PR Newswire) | [Socure (PR Newswire)](https://prnewswire.com/news-releases/socure-launches-industrys-preeminent-first-party-fraud-solution-and-consortium-joined-by-founding-members-sofi-green-dot-varo-ingo-dave-and-public-amongst-others-301964209.html), [Socure (PR Newswire)](https://prnewswire.com/news-releases/socures-first-party-fraud-consortium-achieves-unprecedented-scale-uniting-industry-leaders-across-industries-to-combat-100b-problem-302323611.html) | | GIVE | The Galileo Instant Verification Engine uses machine learning to score the probability of ACH returns and NSF issues, cutting verification times from days to seconds | September 10, 2024 | Galileo (Business Wire) | [Galileo (Business Wire)](https://www.businesswire.com/news/home/20240910452642/en/Galileo-Launches-Instant-Account-Verification-and-Machine-Learning-Risk-Score-to-Secure-Financial-Transactions-Amid-Escalating-Cyber-Threats) | | Risk and fraud platform | Seven products for transaction fraud, account identity verification and account takeovers; models often use 'over 600 data points for a single decision' | April 29, 2026 | Q1 2026 call | [Earnings call transcript (The Motley Fool)](https://www.fool.com/earnings/call-transcripts/2026/04/29/sofi-sofi-q1-2026-earnings-call-transcript/) | | Fraud pressure | Noto: fraud and risk is the fourth growth pillar for the technology business, and 'we are getting attacked constantly, but doing a great job of defending our members' assets' | October 27, 2026 | Q3 2026 call | [Earnings call transcript (The Motley Fool)](https://www.fool.com/earnings/call-transcripts/2026/10/27/sofi-sofi-q3-2026-earnings-call-transcript/) | | Explainability | SoFi Tech Solutions says effective AI fraud platforms must provide 'explainable decisions with human-readable reason codes' and process real-time fraud signals | March 5, 2026 | SoFi Tech Solutions | [SoFi Tech Solutions](https://tech.sofi.com/blog/from-reactive-to-proactive-how-ai-fraud-prevention-platforms-are-transforming-financial-security) | ## What does SoFi not disclose about its fraud and credit AI? The 10-K for 2025 says SoFi uses 'identity and fraud prevention tools to analyze data provided by external databases or automated physical identity document proofing technologies' and relies on third-party providers for functions 'including fraud detection'. ([SEC (SoFi Technologies 10-K)](https://www.sec.gov/Archives/edgar/data/1818874/000181887426000013/sofi-20251231.htm)) Not disclosed: which credit decisions use machine learning rather than scorecards, approval or loss effects of the Oscilar and Doc Coach work, fraud losses prevented, how adverse-action reasons are produced for model-based decisions, or results of fairness testing. ([SEC (SoFi Technologies 10-K)](https://www.sec.gov/Archives/edgar/data/1818874/000181887426000013/sofi-20251231.htm), [Oscilar (PR Newswire)](https://www.prnewswire.com/news-releases/oscilar-launches-agent-hub-the-first-unified-ai-agent-platform-spanning-fraud-compliance-credit-and-onboarding-302789709.html)) ## What does the SoFi profile record on this topic? | Date | Move | Detail | Sources | | --- | --- | --- | --- | | Aug 6, 2026 | Q2 10-Q: Composer and Peach acquisitions closed | Composer (AI investing in 'everyday language') joins Financial Services; Peach Finance's loan-servicing platform joins the Technology Platform, which also sells a conversational AI engine and an AI/ML payment-risk platform. | [SEC (SoFi Technologies 10-Q)](https://www.sec.gov/Archives/edgar/data/1818874/000181887426000054/sofi-20260630.htm) | | Jun 10, 2026 | OpenAI invests in Poetic, SoFi's fraud-agent vendor | OpenAI is among the investors in Poetic's $50 million Series A at a $500 million valuation; the release names SoFi as a deployment. | [PR Newswire (Poetic)](https://www.prnewswire.com/news-releases/poetic-raises-50m-series-a-to-automate-the-worlds-most-complex-enterprise-processes-with-reliable-ai-302796939.html) | | Jun 10, 2026 | Poetic's AI agents run SoFi fraud investigations | The vendor says it reached 99%+ quality executing fraud investigations end-to-end at SoFi in five weeks; the CEO cites auto-decisioning that restores member access 'right away'. | [PR Newswire (Poetic)](https://www.prnewswire.com/news-releases/poetic-raises-50m-series-a-to-automate-the-worlds-most-complex-enterprise-processes-with-reliable-ai-302796939.html) | | Jun 3, 2026 | Oscilar names SoFi in its AI Agent Hub launch | Oscilar reports SoFi cut time-to-market for credit-risk strategies by 50% using its Workflow Generator Agent and improved decisioning speed by more than 30%. | [Oscilar (PR Newswire)](https://www.prnewswire.com/news-releases/oscilar-launches-agent-hub-the-first-unified-ai-agent-platform-spanning-fraud-compliance-credit-and-onboarding-302789709.html) | | Apr 29, 2026 | Q1 call: credit-model tests and a 600-data-point risk platform | Noto says Personal Loan Doc Coach uses AI to validate pay stubs, SoFi is testing credit-model features on enhanced data pools, and the risk and fraud platform has seven products whose models often use over 600 data points per decision. The Galileo and Technisys business is being rebranded SoFi Technology Solutions. | [Earnings call transcript (The Motley Fool)](https://www.fool.com/earnings/call-transcripts/2026/04/29/sofi-sofi-q1-2026-earnings-call-transcript/), [SoFi Tech Solutions](https://tech.sofi.com/news/galileo-financial-technologies-rebranding-to-sofi-tech-solutions) | | Apr 29, 2026 | AI Personal Loan Doc Coach rolled out | Q1 2026 results: an AI-powered document coach to streamline the personal-loan application process. | [SEC (SoFi Technologies 8-K)](https://www.sec.gov/Archives/edgar/data/1818874/000181887426000020/a2026q1earningsrelease.htm) | | Mar 5, 2026 | Templum window gives SoFi members OpenAI and Perplexity exposure | A 5 to 30 March 2026 Cosmos Fund offering for accredited SoFi members; Templum states it has no affiliation with OpenAI, Perplexity AI or Colossal Biosciences. | [Templum (PR Newswire)](https://www.prnewswire.com/news-releases/templum-to-offer-premier-private-market-investment-opportunities-in-perplexity-ai-openai-and-colossal-biosciences-to-sofi-members-302704743.html) | | Oct 8, 2025 | SoFi Tech Solutions publishes agentic-payments guide | A strategic guide for banks and fintechs on AI agents that execute payments; it describes a market view and Galileo products for fraud controls, not an agent-payment product SoFi has launched. | [SoFi Tech Solutions](https://tech.sofi.com/blog/agentic-payments-secure-ai-banks-fintechs) | | Dec 5, 2024 | Founding member of Socure's first-party fraud consortium | Socure named SoFi among the fintech founding members of a consortium that shares dispute, payment-denial and account-closure data to detect first-party fraud. | [Socure](https://www.socure.com/news-and-press/socures-first-party-fraud-consortium-achieves-unprecedented-scale) | | Sep 10, 2024 | Galileo launches ML risk score for clients | Galileo Instant Verification Engine and the Transaction Risk GScore add real-time account verification and machine-learning risk scoring to its Payment Risk Platform. | [Galileo (Business Wire)](https://www.businesswire.com/news/home/20240910452642/en/Galileo-Launches-Instant-Account-Verification-and-Machine-Learning-Risk-Score-to-Secure-Financial-Transactions-Amid-Escalating-Cyber-Threats) | | Mar 12, 2024 | US patent granted on fairness-constrained ML training | US 11,928,730 B1, assigned to Social Finance, Inc. dba SoFi, covers training machine-learning models with fairness improvement for credit decisions (inventors Feng, Liu, Bedi, Webster; filed 30 May 2023). A continuation, US 2024/0403952 A1, was published on 5 December 2024. | [Google Patents (USPTO)](https://patents.google.com/patent/US11928730B1/en), [Google Patents (USPTO)](https://patents.google.com/patent/US20240403952A1/en) | ## Common questions ### Does SoFi use AI to approve loans? SoFi uses proprietary risk models and custom credit assessment models in underwriting, per its 10-K, and Oscilar's AI agents help it deploy new credit risk strategies faster. Personal Loan Doc Coach uses AI to check pay stubs and other documents. SoFi has not said that AI alone approves or declines applications. ### How does SoFi fight fraud with AI? Through partners and its own products: Poetic's AI runs fraud investigations end-to-end, Socure's consortium shares first-party fraud data, and SoFi's risk platform, including the machine-learning Galileo Instant Verification Engine, scores transactions and accounts. Noto said in October 2026 that SoFi is 'getting attacked constantly'. ### Who are SoFi's fraud and credit AI vendors? Named publicly: Oscilar for AI risk decisioning in credit, Poetic for AI-run fraud investigations, and Socure for identity and first-party fraud data. SoFi also builds and sells its own risk and fraud products through SoFi Technology Solutions, formerly Galileo. ### Has SoFi addressed bias in AI lending? It holds US patent 11,928,730 on training machine learning models with fairness improvement, and its 10-K warns that regulators could say its underwriting or credit models produce disparate outcomes. SoFi has not published fairness test results; its responsible AI page covers the wider record. ## Deeper on SoFi - [What is SoFi's AI strategy?](https://www.bankingnewsai.com/banks/sofi/ai-strategy) - [What is SoFi Coach, and how does it work?](https://www.bankingnewsai.com/banks/sofi/virtual-assistant) - [What AI research, patents and partnerships does SoFi have?](https://www.bankingnewsai.com/banks/sofi/ai-research-patents-partnerships) - [What technology stack does SoFi run?](https://www.bankingnewsai.com/banks/sofi/technology-stack) - [What proprietary AI has SoFi built in-house?](https://www.bankingnewsai.com/banks/sofi/proprietary-ai) - [How does SoFi govern AI, and what does it disclose about AI risk?](https://www.bankingnewsai.com/banks/sofi/responsible-ai) --- Canonical page: https://www.bankingnewsai.com/banks/sofi/fraud-and-credit-ai Part of [BankingNewsAI](https://www.bankingnewsai.com/) — a free daily brief on AI in banking, an AI regulation tracker (45 authorities, 260 documents) and AI-strategy profiles of the 120 largest US banks. 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