Solution Brief
FinTechs and financial services providers operate in a challenging environment, where customer experience is paramount and customer authentication is critical.
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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 helps companies enhance their customer authentication workflows (CIAM and IDV) to prevent account takeover and account creation fraud and to improve their customer experience. The always growing Deduce Identity Network is the largest independent real-time identity graph across cyber risk and fraud in the U.S., with activity data on more than 500M profiles engaged in more than 1.4B daily interactions across more than 150K websites and apps. The Deduce Identity Network provides Real-Time Behavioral Intelligence at Scale for more accurate fraud prevention and less authentication friction for trusted customers. Deduce Identity Insights offers fast, API-based integration with major CIAM platforms.
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.