Enhancing fraud prevention in FinTech
In brief:
- Fingerprint, known as the world’s most accurate device intelligence platform, is partnering with Oscilar, a leader in AI-driven risk and fraud management.
- The partnership between Fingerprint and Oscilar is driven by the urgent need to tackle increasing online payment fraud, which is expected to result in losses amounting to $343bn between 2023 and 2027. With the rising use of digital financial apps by consumers, there is a critical demand for effective solutions that not only prevent fraud but also maintain a seamless user experience.
- The collaboration allows entities like FinTechs, banks, and credit unions to integrate Fingerprint’s advanced device intelligence into Oscilar’s no-code platform across various customer interaction points. This integration is crucial for preventing fraud scenarios such as new account fraud, account takeovers, and payment fraud.
What does this mean?
Fingerprint CEO Dan Pinto said, “By joining forces with Oscilar, we empower customers to strike the perfect balance between user convenience and robust security. We are committed to providing businesses with the most reliable, efficient and secure solutions to protect their assets and safeguard their customers’ trust.”
