Covery
Covery: A broad cloud platform for real-time fraud, identity, and AML decisioning. Ranked #22 of 34 in Fraud Detection Software by our editors (7.3/10); pricing: Pricing on request; best for businesses automating fraud, identity, and AML controls.
At a glance
- Editor score7.3 / 10
- PricingPricing on request
- Best forBusinesses automating fraud, identity, and AML controls
- Decisioning speedReal_time
- Founded2016 · Limassol, Cyprus
- Facts checked21 Sep 2026
Where it wins
- Real-time monitoring with configurable rules and ML models
- Covers KYC, KYB, AML, devices, chargebacks, and transactions
- Connects with payment gateways, CRMs, APIs, and KYC providers
Where it doesn't
- Pricing requires a sales conversation
- Cloud deployment excludes on-premises requirements
- Its broad feature set may exceed narrower fraud-prevention needs
Our verdict on Covery
Covery is a cloud-based fraud detection and risk management platform for risk analysts, payment managers, AML professionals, BI specialists, and data scientists. It supports real-time transaction monitoring across payments, card-not-present activity, accounts, identity, devices, IP addresses, KYC/KYB/AML checks, and chargebacks. Its decisioning flow can accept, reject, or send activity for manual review, with automated reporting and decision-making available through web and API access.
Covery uses a contact-sales pricing model, so buyers should approach the vendor for plan and commercial details. The platform connects with payment gateways, CRM systems, REST APIs, Dow Jones watchlists, and KYC providers. That integration mix suits digital businesses that need fraud controls connected to payment, customer, identity, and compliance workflows rather than operating as a standalone transaction filter.
The standout capability is the combination of configurable risk logic, supervised machine-learning models, custom ML models, device fingerprinting, device screening, and Trustchain reputation data. KYC/KYB/AML automation, watchlist checks, case management, chargeback alerts, and accept-reject-review decisions extend the platform beyond payment screening. Covery is a strong fit for teams seeking one system across fraud, identity, and AML automation. Organizations requiring on-premises deployment, or only a narrow fraud feature, should consider whether its cloud delivery and wider scope match their operating model.
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Covery pricing
Covery fact sheet
| Free plan | Not verified |
|---|---|
| Paid from | Not verified |
| Deployment | Cloud |
| Decisioning speed | Real_time |
| Custom rules | Yes |
| Machine learning | Yes |
| Case management | Yes |
| Coverage channels | transactions, payments, card-not-present, accounts, identity, KYC/KYB/AML, devices, IP addresses, chargebacks |
| Deployment | Cloud |
| Platforms | Web |
| Compliance & security | GDPR |
| Support | Email, Docs |
| Built for | Mid-market, Enterprise (editorial estimate) |
| Integrations | 5 integrations: Payment gateways, CRM systems, REST API, Dow Jones watchlists, KYC providers |
| Pricing | Pricing on request |
| Website | covery.ai |
| Facts checked | 21 Sep 2026 |
Covery integrations
Covery lists 5 integrations on its own site.
- Payment gateways
- CRM systems
- REST API
- Dow Jones watchlists
- KYC providers
Alternatives to Covery
- Oracle Financial Services Fraud and Compliance ManagementBroad, multi-channel fraud coverage with scoring, investigations, and case management.9.3
- SAS Fraud ManagementA governance-oriented fraud stack for institutions needing real-time decisions and model control.9.2
- FeedzaiReal-time, omnichannel fraud decisioning for enterprise financial services teams.9.1
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Reviewed by iTechGuides Editors · Editorial team · Updated Oct 2026
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