Coris is building an integrated merchant risk platform for the world’s fastest growing SaaS and fintech companies. Today, we’re excited to announce our integration with Stripe Connect. For the first time, software platforms using Stripe Connect can combine their merchant data with other data sources (including Coris data) to automate their risk management.
Many of our SaaS customers use Stripe Connect Custom to offer embedded payments to small and medium-sized businesses (SMBs) around the world. Stripe Connect Custom provides limited merchant risk management support, and doesn’t offer much beyond merchant onboarding / KYB. SaaS teams can hit a ceiling with these risk capabilities pretty quickly.
For example, Stripe only analyzes data in a company’s Stripe instance, but SaaS platforms often combine Stripe data with other merchant data when making underwriting and risk decisions. Up until now, there hasn't been a system that allows platforms to review all of their merchant data in one place and manage risk comprehensively.
Instead, SaaS platforms have historically developed a piecemeal approach to managing merchant risk and fraud. Their tech stack primarily involves Google searches on individual merchants, spreadsheets for merchant analysis, and a CRM tool like Salesforce for case management. This is a labor-intensive process with plenty of opportunities for manual errors. Replicating this process beyond a handful of countries can quickly compound these issues.
Our Stripe integration plugs into the Coris Rule Engine and gives SaaS teams a holistic way to manage merchant risk and fraud. Payments and risk teams at SaaS companies can set up risk rules against specific Stripe Connect events to initiate a set of automated actions or manual reviews.
Let’s walk through 2 common use cases: new merchant onboarding and merchant payouts.
We’re actively building out the Coris platform to make it a one-stop-shop for merchant risk management. We’ll soon be releasing more exciting updates, including additional data integrations and associated features.
If you’d like to learn more about our Stripe integration or want to get started with Coris, contact us.