A naukri.com initiative
Fintechnews
3w
282
Image Credit: Fintechnews
Sumsub Leverages Device Intelligence to Monitor Fraud Activity in Real Time
- Sumsub has integrated advanced device intelligence from Fingerprint to enhance fraud prevention capabilities.
- The update helps businesses detect suspicious behavior early in the customer journey, especially post-onboarding, a common target for fraud.
- Technical parameters like browser type, operating system, VPN usage are analyzed to identify threats such as bot activity and account takeovers.
- The solution by Fingerprint also spots incognito mode and developer tool usage as potential red flags.
- Sumsub's integration aims to cut unnecessary KYC costs and improve fraud detection without user disruption.
- The tool is beneficial for high-risk industries like crypto, fintech, and e-commerce, aiding in early threat detection.
- Sumsub emphasizes the solution's role in reducing false positives and enhancing fraud detection through various user interactions.
- Sumsub's CPO, Andrew Novoselsky, highlights the collaboration for a comprehensive fraud prevention system.
- This integration enables real-time fraud prevention to mitigate financial losses and operational disruptions.
- Sumsub's platform, combining device intelligence with identity verification solutions, aims to enhance user insights and streamline onboarding experiences.
- Shaun Per from Fingerprint emphasizes the joint effort to reduce fraud and offer smooth onboarding experiences through real-time signals.
- The collaboration benefits businesses by improving fraud prevention accuracy and operational efficiency.
- Overall, the integration of device intelligence enhances Sumsub's fraud monitoring capabilities.
- The expansion aims to provide a more robust fraud prevention system without requiring coding on the clients' end.
- Sumsub and Fingerprint together aim to deliver more effective fraud prevention measures.
- The article was originally published on Fintech Singapore.
- The companies believe the collaboration will help businesses combat fraud effectively.
Read Full Article
16 Likes
For uninterrupted reading, download the app