Trends
Fingerprint and Oscilar bring frictionless fraud prevention to fintech
Fingerprint, the world’s accurate device intelligence platform, is partnering with Oscilar, a trailblazer in AI-driven risk and fraud management, to empower fintech companies with advanced fraud prevention and detection capabilities while ensuring a frictionless customer experience. Details of colla…
Headline
Fingerprint, the world’s accurate device intelligence platform, is partnering with Oscilar, a trailblazer in AI-driven risk and fraud management, to empower fintech companies with advanced fraud prevention and detection capabilities while ensuring a frictionless customer…
Context
Fingerprint, the world’s accurate device intelligence platform, is partnering with Oscilar , a trailblazer in AI-driven risk and fraud management, to empower fintech companies with advanced fraud prevention and detection capabilities while ensuring a frictionless customer experience. Fingerprint provides a device intelligence platform that can produce a unique identifier with up to 99.5% accuracy for each user interaction by using its exclusive Smart Signals. This platform gives fintech businesses the resources they need to decide quickly and wisely by giving them access to reliable traffic data.
Evidence
Pending intelligence enrichment.
Analysis
Oscilar offers a no-code, AI-powered risk decisioning platform to assist fintechs, banks, and credit unions in effectively managing fraud, compliance, and credit risks. Without requiring a significant amount of engineering resources, the platform enables quick adaptation, testing, and implementation of risk decision-making policies. The partnership enables fintech, banks, and credit unions to utilise Fingerprint’s device intelligence in various user flows throughout the customer journey within Oscilar’s platform to prevent use cases like new account fraud, account takeover, and payment fraud. Customers have access to: A natural language-based, low-code, and no-code risk platform that lets businesses quickly and easily deploy risk models. This saves engineering resources and enables the integration of external data sources, like Fingerprint, using a single API; Incredibly precise device intelligence for each phase of the customer journey, including DeviceID and Smart Signals; Real-time insights and automated risk decisioning help fintechs, banks, and credit unions decrease fraud, enhance customer satisfaction, and significantly accelerate risk and fraud management. Also read: What to understand about APNIC IPv6 addresses?
Key Points
- Fingerprint, the device intelligence platform, is partnering with Oscilar, an AI-driven risk and fraud management fintech firm.
- 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.
- 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.
Actions
Pending intelligence enrichment.
