
Financial services are the fastest-growing target for digital fraud, with a huge jump in fraud attempts from 2020 to 2021. FinTechs need to prevent new account fraud and account takeover (ATO) fraud while delivering a fast, frictionless authentication experience for trustworthy customers.
Deduce Identity Insights delivers real-time risk assessment of new account signups and real-time verification of trusted customer logins to prevent fraud and provide a friction-free experience for trusted users. Deduce Customer Alerts immediately notifies trusted users if there’s a suspected ATO login attempt, which prevents fraud and false positives.
In this solution brief, you’ll learn:
- Why long waits for account approval can cost FinTechs customers.
- How Behavioral Intelligence at Scale can help FinTechs detect fraud with more confidence.
- How Deduce Identity Network trust signals can accelerate account review and approval for good customers.
See how the award-winning Deduce Identity Insights platform resolves the security versus customer experience dilemma.
About Deduce
Deduce sees 89% of new customers before they arrive at a new site or app and 43% within just hours, to stop new account fraud and first checkout fraud. The ever-growing Deduce Identity Network is the largest independent U.S. real-time identity graph in cyber risk and fraud, with activity data on more than 660M profiles engaged in more than 1.5B daily interactions across more than 150K websites and apps, delivering Identity Insights at a scale, recency, and frequency unavailable anywhere else.
Deduce honors and awards include the #1 spot in the Security category of Fast Company’s World’s 50 Most Innovative Companies for 2022, 2021 Fortress Cyber Security, Global InfoSec, and silver Edison Awards, as well as spotlights from CSO, Artificial Intelligence Excellence, and more. Learn more at deduce.com.