---
description: Review of Sokratech Software: system overview, features, price and cost information. Get free demos and compare to similar programs on Software Advice Ireland.
image: https://gdm-localsites-assets-gfprod.imgix.net/images/software_advice/og_logo-55146305bbe7b450bea05c18e9be9c9a.png
title: Sokratech | Reviews, Pricing & Demos - SoftwareAdvice IE
---

Breadcrumb: [Home](/) > [Workflow Management Software](/directory/4272/workflow/software) > [Sokratech](/software/528958/Sokratech)

# Sokratech

Canonical: https://www.softwareadvice.ie/software/528958/Sokratech

> Sokratech is a fraud detection, anti-money laundering, and risk decisioning platform built for banks, fintech companies, payment providers, digital lenders, and other regulated financial institutions.

The platform enables risk, fraud, compliance, and operations teams to design and deploy decision workflows without relying on engineering teams for every rule change. Users can create rules, scoring models, decision tables, watchlists, transaction velocity checks, and approval workflows through a visual no-code interface. Each incoming event can be evaluated in real time and assigned an outcome such as approve, review, reject, hold, or escalate.

Sokratech supports a wide range of fraud and financial crime use cases, including transaction monitoring, account takeover, suspicious payment detection, identity and device risk, anti-money laundering monitoring, merchant risk, credit decisioning, promotional abuse, and customer onboarding controls.

Teams can combine transaction data with customer, account, device, merchant, and historical behavioral data. The platform supports reusable customer and business entities, allowing organizations to enrich incoming transactions using an identifier instead of repeatedly sending the full customer profile with every request.

Sokratech includes real-time aggregations and velocity rules that allow users to monitor patterns such as transaction frequency, total transaction value, unique devices, unique beneficiaries, repeated login attempts, and unusual activity over configurable time windows. Rules can also use filters, calculated variables, external API responses, allowlists, denylists, and risk scores.

For investigation and operational workflows, Sokratech provides alert management, case management, audit trails, role-based access control, maker-checker approval, workflow versioning, and decision history. Investigators can review the data and rules that triggered an alert, document findings, assign cases, and track resolution status.

Before deploying changes, teams can test workflows using historical data, batch files, sandbox environments, and shadow deployments. This helps organizations evaluate the impact of new rules, identify false positives, and reduce the risk of disrupting legitimate customer activity.

Sokratech integrates with existing systems through real-time APIs, webhooks, file uploads, database connections, and configurable data payloads. The platform is designed to work alongside core banking systems, payment gateways, loan platforms, digital channels, customer databases, and other internal systems.

Deployment options include cloud, private cloud, and on-premise environments. Sokratech supports organizations with strict security, data residency, infrastructure, and regulatory requirements.

Key capabilities include:

• Visual no-code rule and workflow builder
• Real-time fraud and risk decisioning
• Anti-money laundering transaction monitoring
• Rules, risk scores, decision tables, and variables
• Transaction velocity checks and behavioral aggregations
• Customer and business entity enrichment
• Allowlists, denylists, and configurable watchlists
• Alert and case management
• Maker-checker approval workflows
• Role-based access control and audit logs
• Workflow testing, backtesting, and shadow deployment
• API, webhook, file, and database integrations
• Cloud, private cloud, and on-premise deployment

Sokratech helps financial institutions respond faster to emerging fraud patterns, reduce manual rule management, standardize risk decisions, and maintain greater control over how fraud and compliance policies are implemented across products and channels.
> 
> Verdict: Rated \*\*\*\* by 0 users. Top-rated for **Overall Quality**.

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## About the vendor

- **Company**: Sokratech

## Commercial Context

- **Pricing model**: Usage Based
- **Target Audience**: 11–50, 51–200, 201–500
- **Deployment & Platforms**: Cloud, SaaS, Web-based, Linux (On-Premise)
- **Supported Languages**: English
- **Available Countries**: China, Hong Kong SAR China, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, United Kingdom, Vietnam

## Features

- Access Management
- Activity Dashboard
- Activity Monitoring
- Alerts/Escalation
- Alerts/Notifications
- Anomaly Detection
- Audit Trail
- Authentication
- Business Process Automation
- Case Management
- Check Fraud Detection
- Compliance Tracking
- Custom Fraud Rules
- Data Import/Export
- Financial Transaction Approval
- For Banking
- Fraud Detection
- Graphical Workflow Editor
- No-Code
- Payment Fraud Prevention

## Support Options

- Email/Help Desk
- 24/7 (Live rep)
- Chat

## Category

- [Workflow Management Software](https://www.softwareadvice.ie/directory/4272/workflow/software)

## Related Categories

- [Workflow Management Software](https://www.softwareadvice.ie/directory/4272/workflow/software)
- [Fraud Management Tools](https://www.softwareadvice.ie/directory/4642/financial-fraud-detection/software)

## Links

- [View on SoftwareAdvice](https://www.softwareadvice.ie/software/528958/Sokratech)

## This page is available in the following languages

| Locale | URL |
| en | <https://www.softwareadvice.com/product/528958-Sokratech/> |
| en-AU | <https://www.softwareadvice.com.au/software/528958/Sokratech> |
| en-GB | <https://www.softwareadvice.co.uk/software/528958/Sokratech> |
| en-IE | <https://www.softwareadvice.ie/software/528958/Sokratech> |
| en-NZ | <https://www.softwareadvice.co.nz/software/528958/Sokratech> |

-----

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