The world today is in the middle of a digital transformation, most of which is being driven by the demand for speed and convenience. This means faster decisions and faster funding. However, with the increasing speed, this leads to a higher number of errors and thereby to fast fraud. This is where Fraud Management solutions come into the picture.
An innovative technology in today’s fraud management space is Robotic Process Automation (RPA). It is a form of business automation that uses artificial intelligence to perform repetitive tasks that require lots of logic. And these robots are now being used to predict and help root out fraud from billions of individual pieces of data. There are also companies that are adopting AI for perfecting and optimizing methods to fuse multiple scores and vendor data to analyze the fraud rates.
As the industry is technologically advanced, so is the type of frauds businesses have to deal with. From simple to some of the most cutting-edge fraud detection solutions, the industry is also quite noisy today. This makes it businesses to find the right solution provider to deal with their most unique fraud management requirements.
To simplify the selection process and help businesses find the best fit for their requirements, GRC Outlook Magazine has prepared this special edition on Top 10 Fraud Management Solution Providers 2022. The companies listed here are some of the most innovative and cutting-edge solution providers shortlisted by a team of CEOs, CIOs, and fraud management experts.
Arkose Labs bankrupts the business model of fraud. Their innovative approach determines true user intent and remediates attacks in real-time. Risk assessments combined with interactive authentication challenges undermine the ROI behind attacks, providing long-term protection while improving good customer throughput. Backed by Microsoft, PayPal, SoftBank and Wells Fargo, Arkose Labs is hailed by customers as a user-friendly solution to an ever-evolving fraud landscape.
Bleckwen’s powerful fraud detection and prevention service is tailor-made to leverage business data and to conform to unique business requirements. The company is committed to delivering accurate predictive analytics, processing hundreds of variables in real-time, to solve first line fraud or detect fraud missed by most of the current solutions.
Biometric Signature ID is a cybersecurity company specializing in Signature Biometrics. Their technology prevents unauthorized access to devices, web apps and accounts that can lead to identity theft, and fraud. It is the 1st biometric technology that can create a password you write. BSI’s core technology is its gesture biometric authentication technology BioSig-ID.
BPC deliver innovative and best in class proven solutions which fit with today’s consumer lifestyle when banking, shopping or moving in both urban and rural areas, bridging real life and the digital world. With 350 customers across 100 countries globally, BPC collaborates with all ecosystem players ranging from tier one banks to neobanks, Payment Service Providers (PSPs) to large processors, ecommerce giants to start-up merchants, and government bodies to local hail riding companies.
Deduce is focused on democratizing cybersecurity, risk and fraud technologies that have forever been exclusive to the Internet giants. The company build developer-friendly tools that empower businesses to do their part to keep their users and communities safe.
Imperium provides world-class technology services and customized solutions to authenticate personal information and curb fraudulent online activities. Leading market research and e-commerce businesses rely on Imperium’s platform-independent tool sets to validate their customers’ identities, verify data accuracy, automate review processes and uncover the intelligence that improves profitability. The company’s flagship product RelevantID® is widely recognized as the market research sector’s de facto data-quality and anti-fraud tool.
Iris is a B2B2C global care company that offers always-available identity resolution experts and tech-forward solutions that uncomplicate the protection process. Today, their offering combines the world’s most caring, empathetic, expert assistance and support with the world’s most user-friendly and accessible identity protection technology.
SEON strive to help online businesses reduce the costs, time, and challenges faced due to fraud. Whether it’s a global financial leader or a small eCommerce, their solution simplifies fraud management so clients can focus on what matters: growing and scaling the company.
Sift is the leader in Digital Trust & Safety, empowering digital disruptors to Fortune 500 companies to unlock new revenue without risk. Sift dynamically prevents fraud and abuse through industry-leading technology and expertise, an unrivalled global data network of 70 billion events per month, and a commitment to long-term customer partnerships. Global brands such as Doordash, Twitter, and Wayfair rely on Sift to gain a competitive advantage in their markets.
Verifi’s dispute management services have helped sellers retain revenue and stay focused on their core business, as well as reduce costs for card-issuing banks on unnecessary refunds and card reissuance. Verifi’s end-to-end suite of payment solutions PREVENT disputes, RESOLVE disputes, RECOVER revenue lost to disputes, and INFORM sellers of confirmed disputes and fraud. Verifi works with companies of all sizes and industries, delivering robust SaaS payment protection solutions that reduce the strain on operational resources and help maximize profits.
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