Sells banks, credit unions, sponsor banks, fintechs and payment companies a cloud, no-code risk decisioning platform that runs fraud, credit underwriting, onboarding and AML workflows on one data layer, with a suite of AI agents (Agent Hub) that draft rules, triage alerts and explain decisions for human reviewers.
What is Oscilar, and which banks use it?
Oscilar, founded in 2021 and based in Palo Alto, is a private risk decisioning platform for fraud, credit underwriting, onboarding and AML, self-funded by its co-founders Neha Narkhede (Confluent co-founder) and Sachin Kulkarni with no outside investors. It says more than 100 financial institutions use it. Among our 100 banks, SoFi runs credit underwriting, collections and fraud decisioning on Oscilar. Pricing is not published; Oscilar quotes custom prices based on transaction volume and use cases.
Category
Founded
2021
Headquarters
Palo Alto, California, US
Ownership
Private and self-funded: co-founders Neha Narkhede and Sachin Kulkarni put in $20 million at the 2023 launch, and Oscilar said in June 2026 that the two had built the company without taking outside investment. No valuation has been disclosed.[1][2][16]
Deployment
SaaS (cloud-native; no-code workflow builder and API)
Pricing
Custom quotes based on transaction volume and use cases; sold through a demo-led sales process · not published
Banks among the 120
1
- Founded in 2021 by Neha Narkhede, co-creator of Apache Kafka and co-founder of Confluent, and Sachin Kulkarni, a former Facebook senior engineering director; it worked in stealth for two years and launched publicly in March 2023.
- Self-funded: the co-founders put in $20 million at launch, and Oscilar said in June 2026 that they had built the company without taking outside investment; no valuation has been disclosed.
- Oscilar says more than 100 financial institutions, including SoFi, MoneyGram, Uphold and Nuvei, use it to make tens of billions of risk decisions a year, each in under 100 milliseconds (vendor-reported, June 2026).
- SoFi is the one bank among our 100 that Oscilar names with a described use: credit underwriting, collections and fraud decisioning, with credit-risk strategies deployed 50% faster (vendor-reported).
- Its other named customers are mostly fintechs and payment companies (MoneyGram, Payoneer, Nuvei, dLocal, Conta Azul, Clara, Happy Money) plus TransPecos Banks, a Texas community bank that selected Oscilar's AML platform for its banking-as-a-service programs in 2024.
- Agent Hub, launched June 3, 2026, is a suite of more than 30 AI agents for workflow building, analytics, rule recommendations, AML first-line alert review, sanctions, disputes and credit explanations; Oscilar says analysts confirm, adjust or override every recommendation.
- Pricing is not published: oscilar.com/pricing leads to a demo-request page, and Oscilar says it prices by transaction volume and use case with custom quotes.
What does Oscilar sell to banks?
| Product | What it does | Status |
|---|---|---|
| AI Risk Decisioning platform (decision engine and workflow builder)[10][15] | No-code decision engine for onboarding, fraud and credit with sub-100ms decisions, natural-language rule creation, backtesting and A/B testing, case management and third-party data integrations. | Generally available |
| Agent Hub[16][9][19] | More than 30 coordinated AI agents (Workflow, Analytics, Rule Recommendation, AML L1 Review, Sanctions, Fraud Disputes, Credit Explainability and others) working from one customer risk profile; launched June 3, 2026, after a first agent platform in March 2025. | Generally available |
| AML Risk Platform[5][7][18] | Transaction monitoring, sanctions screening, case management with AI case summaries and SAR narratives, and a Mission Control dashboard that gives sponsor banks oversight of their fintech partners' AML programs. | Generally available |
| Credit underwriting and decisioning[11][20] | No-code credit policy workflows with ML models and third-party data; since October 2026 TransUnion's Credit Washing and Synthetic Fraud Scores, with reason codes usable in adverse action notices, are being integrated into Oscilar's credit workflows. | Generally available |
| ACH Fraud Detection[6][14] | Machine-learning detection of first-party fraud, account takeover, scams, business email compromise, money mules and check kiting on ACH payments; Nacha named Oscilar a Preferred Partner for fraud monitoring ahead of its 2026 fraud monitoring rules. | Generally available |
| Cognitive Identity Intelligence Platform[8] | Device and behavioral intelligence SDK that analyzes network, device and behavioral signals to detect synthetic identities and account takeover; launched November 2024, when Oscilar said more than a dozen financial institutions used it. | Generally available |
How much does Oscilar cost?
How it is charged: Custom quotes based on transaction volume and use cases; sold through a demo-led sales process.
Oscilar does not publish a price list.
Pricing is not published; oscilar.com/pricing leads to a demo-request page, and Oscilar's own Nacha landing page says it offers flexible pricing based on transaction volume and use cases, with a custom quote on request. No plan names or prices are public.
Which banks use Oscilar?
| Bank | What | Status |
|---|---|---|
| SoFi Technologies | Credit underwriting, collections and fraud decisioning on Oscilar's platform; Oscilar reports SoFi deploys new credit-risk strategies 50% faster and decides more than 30% faster, and lists SoFi among its production outcomes in June 2026.[16][11] | In production |
Among the 120 largest US banks on this site, from sources that name the bank: the bank, Oscilar or the press. Status is the furthest stage a source confirms.
What is Oscilar Agentic Risk Platform (AI Risk Decisioning)?
A real-time decision engine with a visual no-code workflow builder, machine-learning models, third-party data integrations, case management and backtesting, covering onboarding, fraud, credit and AML; Agent Hub, launched June 2026, adds more than 30 AI agents that work from one customer risk profile, with analysts confirming, adjusting or overriding their recommendations.[16][10]
What has Oscilar done, and when?
- Oct 20, 2026
First platform to carry TransUnion's adverse-actionable fraud scores[20]
TransUnion said Oscilar is the first platform to incorporate its Credit Washing and Synthetic Fraud Scores with adverse action capability, so lenders can cite those reasons in adverse action notices alongside credit reasons.
- Sep 14, 2026
dLocal selects Oscilar for AML and compliance[18]
dLocal extended its AML transaction monitoring, sanctions screening and case management with Oscilar's platform across 60+ markets, with human reviewers keeping final authority over agent work.
- Jun 3, 2026
Launches Agent Hub; reports more than 100 financial institutions[16]
Oscilar launched Agent Hub, more than 30 coordinated AI agents across fraud, AML, credit, onboarding, sanctions and disputes, and said more than 100 financial institutions including SoFi use its platform.
- Dec 11, 2025
Payoneer selects Oscilar; Nacha Preferred Partner[13][14]
Payoneer selected Oscilar to modernize fraud and risk intelligence across its core payment systems, and Nacha named Oscilar a Preferred Partner for account validation, fraud monitoring and risk and fraud prevention ahead of its 2026 fraud monitoring rules.
- Nov 6, 2025
MoneyGram partnership[12]
MoneyGram said Oscilar's platform will serve as the foundation of its next-generation risk infrastructure, unifying fraud, AML and compliance operations across more than 200 countries and territories.
- Oct 21, 2025
Publishes SoFi case study[11]
Oscilar said SoFi selected its platform to unify credit underwriting, collections and fraud, and that early in the migration SoFi deployed new credit-risk strategies 50% faster and processed decisions more than 30% faster (vendor-reported).
- Mar 26, 2025
Launches AI agent platform[9]
Oscilar launched specialized AI agents for payment fraud, account takeover, first-party fraud, rule recommendations, natural-language risk modeling and decision insights, with explainability and bias monitoring.
- Nov 14, 2024
Launches Cognitive Identity Intelligence Platform[8]
Oscilar released device and behavioral intelligence aimed at AI-enabled fraud and synthetic identities, saying more than a dozen financial institutions, including Happy Money and Curve, already used it.
- Jul 31, 2024
TransPecos Banks selects the AML platform[7]
TransPecos Banks, a Texas community bank, selected Oscilar's AML Risk Platform for its banking-as-a-service compliance; Oscilar projected more than $3 million in annual savings once implemented (vendor-reported).
- Apr 8, 2024
Launches AML Risk Platform for sponsor banks and fintechs[5]
Oscilar unveiled an AML platform with a generative AI co-pilot for case summaries and SAR narratives and a Mission Control dashboard for sponsor-bank oversight of fintech programs; CC Bank's COO was quoted on it.
- Oct 24, 2023
Unveils generative AI risk decisioning at Money20/20[4]
Oscilar launched a conversational AI layer that surfaces fraud patterns, supports root-cause analysis and recommends risk actions through a natural-language interface.
- Aug 10, 2023
Hires Saurabh Bajaj as CPO, announces generative AI work[3]
Oscilar hired Saurabh Bajaj, formerly an executive at F5 and Feedzai, as chief product officer and said it was building a generative AI risk decisioning offering; its customers then included Flexcar, Super, Finsync and Slope.
- Mar 30, 2023
- Jan 1, 2021
Oscilar founded[1]
Neha Narkhede and Sachin Kulkarni founded Oscilar in 2021 in Silicon Valley and worked in stealth for two years.
What do banks use Oscilar for?
| Use | What it does | Status | Use case |
|---|---|---|---|
| Credit underwriting and strategy deployment[11][16] | No-code credit policy workflows and ML models; SoFi uses Oscilar to build and deploy credit-risk strategies without engineering tickets. | In production | Credit scoring & underwriting |
| Fraud detection across onboarding, payments and accounts[11][6][8][17] | Transaction, ACH, account-takeover and synthetic-identity fraud detection with device and behavioral signals; SoFi's fraud decisioning runs on the platform. | In production | Fraud detection |
| AML transaction monitoring, sanctions and sponsor-bank oversight[5][7][18] | Transaction monitoring, sanctions screening, KYC/KYB onboarding, case management and AI-drafted SAR narratives; TransPecos Banks selected it to oversee fintech partner programs. | In production | AML / KYC |
| AI agents for risk operations[16][19] | Agent Hub agents build workflows from natural language, recommend rule changes, review first-line AML alerts and write decision explanations, with analysts confirming or overriding them. | In production | Generative & agentic AI |
| Adverse action reasons and credit explanations[16][20] | The Credit Explainability Agent drafts decision rationales, and TransUnion's fraud scores are being integrated so their reason codes appear on the same adverse action notice as credit reasons. | Rolling out | Fair lending & discrimination |
What has Oscilar disclosed in numbers?
| Metric | Value | As of |
|---|---|---|
| Financial institutions using Oscilar (vendor-reported) | More than 100[16] | Jun 3, 2026 |
| Decision volume (vendor-reported) | Tens of billions of risk decisions a year, each in under 100 milliseconds[16] | Jun 3, 2026 |
| Founders' self-funding at launch | $20 million; no outside investment taken as of June 2026[1][16] | Mar 30, 2023 |
| SoFi results (vendor-reported) | New credit-risk strategies deployed 50% faster (days instead of weeks); more than 30% faster processing[11] | Oct 21, 2025 |
| Agent Hub claimed results (vendor-reported) | Policies built and deployed 5x faster, alerts reviewed 3x faster, false positives reduced 45%[16] | Jun 3, 2026 |
| TransPecos Banks projected savings (vendor-reported, expected at selection) | $3 million+ a year; 40% lower AML operations cost[7] | Jul 31, 2024 |
| Pricing basis (vendor-stated; no prices published) | Custom quote based on transaction volume and use cases[23][22] | Nov 2, 2026 |
| Partnerships and integrations added in 2025 (vendor-reported) | 29 new partnerships and more than 30 new data integrations[15] | Dec 31, 2025 |
“Fraudsters don't operate in silos.”[16]
Neha Narkhede · Co-founder and CEO, Oscilar · Jun 3, 2026
“We can easily launch and iterate new policies and adapt with unprecedented speed.”[16]
Adam Colclasure · Senior Director of Risk Data & Decisioning, SoFi · Jun 3, 2026
“A fraud score only pays off if the lender can act on it”[20]
Neha Narkhede · Co-founder and CEO, Oscilar · Oct 20, 2026
Who runs Oscilar?
Which rules apply to a bank using Oscilar?
| Authority | Why it matters here | Documents |
|---|---|---|
| Federal Reserve | Oscilar's credit and fraud ML models and the decision workflows banks build on it feed underwriting and account decisions, so a bank must inventory, validate and monitor them under SR 26-2; the Agent Hub agents that draft rules and review alerts fall to the bank's broader risk management, since SR 26-2 leaves generative and agentic AI outside its scope. | SR 26-2 |
| OCC | A bank running credit, fraud or AML decisions on Oscilar takes on third-party risk OCC Bulletin 2023-17 expects it to manage, including Oscilar's own downstream data providers; sponsor banks using its Mission Control view of fintech partners still own those programs, and OCC Bulletin 2026-13 sets model-risk expectations for vendor models. | OCC Bulletin 2023-17 OCC Bulletin 2026-13 |
| FinCEN | Oscilar's AML platform monitors transactions, screens sanctions and drafts SAR narratives with generative AI, but the BSA/AML filing duty and the judgment on each SAR stay with the bank; its device and behavioral intelligence targets the AI-enabled identity fraud FinCEN's 2024 deepfake alert describes. | 2018 Joint Statement on BSA/AML Innovation FIN-2024-Alert004 (Deepfake Media) |
| CFPB | When a bank declines credit through an Oscilar workflow, including on TransUnion's synthetic-fraud or credit-washing scores that Oscilar puts on the same adverse action notice, ECOA/Regulation B and FCRA require specific reasons and key factors to be given to the applicant. | ECOA / Regulation B adverse action (15 U.S.C. 1691(d); 12 CFR 1002.9) FCRA adverse action and credit-score disclosures (15 U.S.C. 1681m, 1681g(f)) |
Linked authorities have a page in the Regulation tracker; the others are named for completeness.
What should a bank note before buying Oscilar?
Analysis by BankingNewsAI from the sources cited on this page. Observations, not advice or a recommendation.
01
Pricing is not published
Oscilar quotes custom prices based on transaction volume and use cases after a demo, so cost comparisons depend on quotes.
02
No outside investors and no disclosed valuation
Oscilar is funded by its two co-founders ($20 million at launch) and says it has taken no outside investment, so there are no funding rounds or investor filings to judge its finances by.
03
One named large-bank customer
Among our 100 banks only SoFi is named with a described use; Oscilar's other named customers are mostly fintechs, payment companies and smaller banks such as TransPecos Banks.
04
Results are vendor-reported
The SoFi speed gains, Agent Hub's 45% false-positive reduction and the TransPecos savings come from Oscilar's own releases; the TransPecos figures were projections at selection, and none are independently audited.
05
A former SoFi chief risk officer advises Oscilar
Oscilar lists Kevin Moss, former chief risk officer at SoFi, among its advisors, which a buyer weighing the SoFi reference may want to know.
What are the alternatives to Oscilar?
Alloy
Identity and fraud prevention platform: onboarding KYC/KYB, fraud and login risk scoring, AML monitoring and data orchestration.
DataVisor
Real-time fraud and AML decisioning platform using unsupervised machine learning, rules, device intelligence and Vera AI agents.
Feedzai
RiskOps platform for bank fraud, scam and AML prevention: transaction scoring, behavioral biometrics and network intelligence.
Sardine
Fraud and AML platform: device and behavioral signals, transaction monitoring, sanctions screening and AI agents for alert review.
Featurespace
Real-time behavioral fraud and AML scoring for banks and processors (The Featurespace Platform, formerly ARIC Risk Hub); a Visa unit.
BioCatch
Behavioral-biometric and device intelligence that scores digital banking sessions for account takeover, scams, mules and application fraud.
How much does Oscilar cost?
Oscilar does not publish prices. Its pricing link leads to a demo-request page, and its Nacha landing page says it offers flexible pricing based on transaction volume and use cases, with a custom quote and ROI projection on request. No plan names, platform fees or per-decision rates are public, so banks comparing it with other decisioning platforms need a quote.
Which banks use Oscilar?
Among the 100 banks we track, SoFi is the named customer: Oscilar says SoFi runs credit underwriting, collections and fraud decisioning on its platform and deploys new credit-risk strategies 50% faster. TransPecos Banks, a Texas community bank, selected Oscilar's AML platform in 2024 for its banking-as-a-service programs. Oscilar says more than 100 financial institutions use it, most of the others being fintechs and payment firms such as MoneyGram, Payoneer, Nuvei and dLocal.
Who owns Oscilar?
Oscilar is a private company owned and funded by its co-founders, CEO Neha Narkhede, who co-created Apache Kafka and co-founded Confluent, and CTO Sachin Kulkarni, formerly a senior engineering director at Facebook. They put $20 million into the company at its 2023 launch, and Oscilar said in June 2026 that they had built it without outside investment. No valuation has been disclosed.
Is Oscilar a bank or regulated?
No. Oscilar is a software company that sells a risk decisioning platform; it holds no bank charter. Banks that use it remain responsible for their own BSA/AML programs, SAR filings, fair-lending and adverse-action obligations, and they oversee Oscilar as a third-party vendor, including the data providers integrated into its platform.
What is Oscilar Agent Hub?
Agent Hub, launched June 3, 2026, is a suite of more than 30 AI agents inside Oscilar's platform. They build risk workflows from plain-language descriptions, answer data questions, recommend rule changes, review first-line AML alerts and sanctions hits, handle fraud disputes and write credit decision explanations. Oscilar says analysts confirm, adjust or override each recommendation, and it credits the Workflow agent for SoFi's faster strategy deployment.
Does Oscilar handle AML compliance as well as fraud and credit?
Yes. Since April 2024 Oscilar has sold an AML platform with transaction monitoring, case management and AI-drafted SAR narratives, plus a dashboard that lets sponsor banks oversee fintech partners; sanctions screening and an AML alert-review agent followed. TransPecos Banks selected it for sponsor-bank oversight, MoneyGram uses it for fraud and AML, and dLocal for AML monitoring and sanctions screening. The bank still makes and files every SAR decision itself.
- Renowned technologists and entrepreneurs Neha Narkhede and Sachin Kulkarni announce launch of Oscilar - the first company that uses real-time data and AI to protect every online transaction
- Oscilar emerges from stealth to fight transactions fraud with AI
- Oscilar announces development of first-ever generative AI offering to combat fraudulent online transactions
- Oscilar unveils industry-first generative AI powered platform for fraud prevention
- Oscilar Unveils Groundbreaking AI-Powered AML Risk Platform, Transforming Compliance for Fintechs, Sponsor Banks, and Financial Ecosystem
- Oscilar Launches Groundbreaking AI-Powered ACH Fraud Detection Solution Amidst Rapid Growth in ACH Transactions
- TransPecos Banks To Drive $3M+ in Cost Savings By Adopting Oscilar's AI-Powered AML Risk Platform for BaaS Compliance
- Oscilar Launches Revolutionary Device and Behavioral Intelligence Solution to Combat AI-Powered Fraud
- The AI Agent Revolution: How Oscilar is Transforming Risk Decisioning
- Oscilar Awarded Top Honors for Anti-Fraud and AML Innovation
- How SoFi Drives Scalable Performance with Oscilar
- MoneyGram Partners with Oscilar to Build the Future of AI-Powered Risk Intelligence for Global Payments
- Payoneer Partners with Oscilar to Power Real-Time Fraud Intelligence
- Nacha Welcomes Oscilar as a Preferred Partner for Account Validation, Fraud Monitoring, and Risk and Fraud Prevention
- Oscilar's Year in Review: A Hot Path
- Oscilar Launches Agent Hub, the First Unified AI Agent Platform Spanning Fraud, Compliance, Credit, and Onboarding
- Conta Azul Taps Oscilar to Manage Fraud Risk as Payments Business Scales
- Optimizing AML and Compliance for the Next Era of Cross-Border Payments: Why dLocal Chose Oscilar
- Oscilar Wins 2026 Money20/20 Award for AI Risk Decisioning Platform
- TransUnion Launches Industry-First Adverse-Actionable Scores to Combat Synthetic Identity Fraud and Credit Washing, Now Being Integrated With Oscilar
- About Oscilar
- Book a Demo - Oscilar (oscilar.com/pricing)
- 2026 NACHA Rules Change - Oscilar
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