Industries

Finance & Fintech

Empowering financial institutions to
proactively fight fraud

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Financial Services

The Dark Side of Digital Transformation

Digital disruption has led to significant innovation in the products and services that financial institutions now offer. Online and mobile banking offer consumers instant decisioning on account opening, loans and an innovative range of payment options including digital wallets and peer-to-peer payments.

However, fraudsters see this as a lucrative vector for increased financial fraud, using scripts, bots and human sweatshops to launch attacks at scale.

Fake New Accounts

Fake new accounts created using stolen or synthetic identity information are leveraged to apply for new lines of credit, create money mule accounts and launder money from criminal activity.

Account Takeover

Using the wealth of data exposed in large-scale data breaches and hacking into user accounts to steal sensitive information and funds.

Fraudulent payments

Fraudulent payment exploit an increasing array of money transfer options now available for consumers, offering significant monetization potential to fraudsters.

Fake New Accounts

Fake new accounts created using stolen or synthetic identity information are leveraged to apply for new lines of credit, create money mule accounts and launder money from criminal activity.

Account Takeover

Using the wealth of data exposed in large-scale data breaches and hacking into user accounts to steal sensitive information and funds.

Fraudulent payments

Fraudulent payment exploit an increasing array of money transfer options now available for consumers, offering significant monetization potential to fraudsters.

Fraud Model

Bankrupting the
Business
Model of Fraud

Arkose Labs provides a long-term approach to stamping out financial services’ fraud, that depletes possible returns from attacks to render them financially non-viable.

The Arkose Labs platform combines real-time decisioning with innovative authentication challenges, which are custom designed to sap fraudsters’ time and resources. This prevents them from launching successful attacks at scale and undermines the economic incentive behind attacks.

Solution

The Arkose Labs Solution for Financial Services

Unified
Platform

Sophisticated, risk-based authentication combined with intelligent step-up authentication.

Deep
Forensics

Detect the most subtle signs of fraud targeting sensitive financial transactions.

Graduated
Authentication Challenges

Enforcement challenges that automatically evolve as attack patterns change.

Real-Time
Remediation

Identifies automated and sweatshop attacks without negatively impacting true users’ experience.

Historical Attack
Pattern Intelligence

Unearths attack patterns and correlates them with intelligence across the global network.

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Advantage

The Arkose Labs
Advantage

Protect critical financial transactions with targeted friction that stamps out large-scale fraud attacks.

100% Attack
Sla

Arkose Labs is the only fraud prevention company that guarantees a solution that scales with the complexity and sophistication of fraudsters.

Future-Proof
Protection

Incremental challenges that drain fraudsters’ resources and render attacks unsustainable in the long-term.

Unique Authentication
Challenges

Visual puzzles which are fun for true users to complete, but stop large-scale malicious attacks.

Reduced Friction for
Trusted Users

Risk-based profiling works seamlessly with step-up to provide the best balance between user experience and maximum protection.

Self-Optimizing Platform

Continuous feedback loop between risk engine and authentication challenge data for increased accuracy.

eBook

Busting the ROI of Fintech Fraud

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See how the Arkose Labs Fraud and Abuse
Defense Platform could help your business