Senior-level executives from banking, fintech, payments and financial services will be in Las Vegas October 27-30 for Money2020 – and ID Insight will be there, too!
Our team will be demonstrating the ID Insight fraud intelligence platform, the foundation for the industry’s most efficient, effective solutions for fighting new-account fraud (NAF) and account takeover (ATO). NAF and ATO are among the top fraud pain points facing financial services companies today, according to Javelin and Aite Group.
Because these pervasive fraud types are continuously evolving, the platform uses the latest technologies, including machine learning and graph theory, to stay ahead of new schemes. Additionally, our data scientists are constantly researching, testing, and adding datasets with highly predictive, identity-related elements.
Speaking of data, the ID Insight fraud intelligence platform is unique in the way it analyzes and evaluates multiple identity elements – including email address, IP address, phone number, mailing address, and more. In a single transaction/query, it screens these non-monetary events individually as well as relationally.
Relationships matter when you’re flushing out fraud. As the platform connects all the various data points and their relationships to one another, it illuminates fraud rings and sophisticated schemes. It becomes obvious who is a fraudster and who is legitimately applying for a new account or changing their phone number, email, or street address.
Financial services companies expect this kind of insight to be flawlessly integrated into their existing fraud/risk workflows. That’s why thousands of banks and credit unions connect with our fraud intelligence platform through direct access (API) or via their processor relationship.
We have data showing that ID Insight’s ability to assess the likelihood of NAF and ATO is unmatched. The capabilities and functionalities of the platform have resulted more-accurate fraud detection and better catch rates for our clients. We’re excited to show Money2020 attendees how the platform can be an asset to their organizations.
If you’re heading to Vegas, visit us at Booth #5525 at Money 2020!
About the Author
Adam Elliott is founder and president of ID Insight. He has more than 20 years of experience creating solutions for the financial services and direct marketing industries. A recognized name in data science and analytics, Adam has also held leadership positions at ChexSystems, Deluxe and Time Life. Contact him at .