Sardine named a Leader in The Forrester Wave™: Financial Crime Management Solutions, Q3 2026

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Agentic AI

AI Lab

Build the models financial crime hasn’t had yet.

We study how AI can learn the language of financial behavior, anticipate new attacks, and help risk teams make better decisions without losing control.

Sequence model / live traceLearning
32,768 tokens of history8-layer transformer
Purpose

Understanding the language of financial crime

Sardine AI Lab is an applied research group focused on a hard question: can models learn the structure of financial behavior well enough to catch attacks they were never explicitly taught to find?

We combine sequential transaction data, device intelligence, behavioral biometrics, and identity signals across Sardine’s global network. The goal is simple: turn research advances into measurable protection against financial crime.

Grounded in real risk

We evaluate against fraud outcomes and operating constraints, not abstract capability alone.

Built for deployment

Accuracy matters alongside latency, governance, explainability, and human oversight.

Open to scrutiny

We publish what worked, where it failed, and the questions the evidence cannot answer yet.

The data

Built on the fastest-growing dataset in financial crime

Our research starts with the breadth of Sardine’s network and goes deep into the sequence of each customer’s financial behavior.

6.5B+
Devices profiled
441M
Consumer identities
3.4M
Businesses screened
6.58B
Transactions analyzed
$1.8T
Transactions protected
Foundation Model / Data Specification

From billions of events to one learned representation

The model learns at the cardholder level, preserving the order, timing, and context that flat aggregations leave behind.

  1. Data

    Card-issuing histories from 13 issuers across consumer, SMB, crypto-card, and neobank programs. Coverage runs from January 2024 to July 2026, with up to 31 months per issuer.

  2. Learning Unit

    Each cardholder’s complete history becomes a single sequence, reaching approximately 2,300 transactions.

  3. Schema

    Each transaction contains 14 fixed fields spanning merchant, MCC, amount, timing, geography, entry mode, presence context, terminal information, and card balance.

  4. Vocabulary

    Approximately 72,000 tokens. The top 50,000 merchants receive dedicated tokens, the long tail maps to 20,000 stable hash buckets, and numeric values are quantile-binned.

  5. Model

    A Llama-style decoder with approximately 300 million parameters, trained through next-token prediction. It produces a 640-dimensional embedding for every transaction.

Four questions shaping our work

Financial crime is sequential, adaptive, and connected. Our research agenda is built around those realities.

Foundation models

Can financial behavior be learned as a language?

We train models on ordered payment histories to learn useful representations before a fraud label enters the system.

Active
Behavior + device

Can motion and interaction reveal the attacker?

We explore sequence models for behavioral biometrics, remote-access-tool detection, bots, and anomalous sessions.

Active
Unified risk representation

What changes when every event enters one timeline?

We are studying whether transactions, logins, identity, device, and behavior signals can form one reusable representation.

Exploring
Adversarial learning

Can models prepare for fraud that has not happened yet?

We are investigating reinforcement learning and synthetic attacks to make detection more robust to changing fraud patterns.

Exploring
Featured finding

A stronger signal from the history already there

Our first payments foundation model learned from unlabeled transaction sequences, then supplied new features to the issuing fraud model already in production.

24–35%

more fraud caught at the same share of transactions flagged for action

68%

improvement in overall ranking quality, measured by AUC-PR

29%

improvement for a client population held out of pretraining

Baseline vs. foundation features

Recall by action depth

BaselineWith foundation model
  • 0.05%7.2%
  • 0.10%13.4%
  • 0.50%35.5%
  • 1.00%47.5%
  • 2.00%38.7%

Action depth is the share of scored traffic selected for decline, freeze, or review.

The method

Learn first. Classify second.

  1. Tokenize merchant, amount, time, geography, channel, and terminal.

  2. Pretrain on 10 months of unlabeled histories.

  3. Represent each history with an eight-layer transformer.

  4. Combine the features with the existing fraud model.

What the result does not say

Promising is not the same as solved

The transformer did not replace the existing model. Its embeddings were weaker on their own; the combination beat either input alone. Issuing data also has an ideal shape for sequence learning: long histories and lean transaction detail. Explainability remains unresolved, latency needs production engineering, and we have not yet established how much of the gain is unique to transformers.

Open research

Bring us the hard problems

We want to widen who gets to work on financial crime research and make meaningful progress easier to measure.

Compete on the next generation of risk models

  1. Sequential transaction modeling

  2. Bot and remote-access detection

  3. Explainable risk representations

From the lab

Ideas, methods, and evidence

Read the work behind the numbers and follow the questions we are investigating next.

Technical report25 min

Building a foundation risk model

The full experiment: data preparation, tokenization, architecture, results, limitations, and what it will take to move from promising research to regulated production.

Research agenda8 min

Why risk needs foundation models of its own

Financial data is ordered, relational, and sparse. General-purpose models were not built for it.

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Explainer6 min

How a transaction becomes a token

A plain-language guide to turning payment histories into something a transformer can learn from.

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Field note7 min

Beyond transactions: one timeline for risk

What might happen when device, identity, behavior, and payments share a representation.

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The next breakthrough in fighting financial crime may start outside our walls