Experian announced that the company has been named a Leader in the “IDC MarketScape: Worldwide Enterprise Fraud Solutions 2024 Vendor Assessment”. The report evaluates each vendor’s advanced fraud detection capabilities, alignment with customer needs, and future innovation strategies and roadmaps.
Experian provides an integrated digital identity and fraud risk platform that delivers analytics-driven results through sophisticated orchestration. The IDC MarketScape report states: “ In addition to assessing transaction data for potential fraud, Experian’s CrossCore solution includes identity authentication tools. The solution uses identity data, device intelligence, email and phone intelligence, alternative identity data, biometrics, Behavioral biometrics, one-time passwords and document verification to confirm identity and help with identity protection, including synthetic identity protection, Experian leverages multiple data partnerships in its fraud solutions, which often provide a more comprehensive understanding of fraud. Risks and Exposures.”
Alex Lintner, CEO of Experian Software Solutions, said: “ Given IDC MarketScape ’s comprehensive assessment of enterprise fraud vendors, we believe recognition as a Leader highlights how our authentication data and advanced out-of-the-box analytics can help enterprise-level enterprises. Protect their consumers and assets. Our leadership in the fraud market reflects our cohesion across data, decision-making, fraud and analytics to ensure we deliver holistic solutions through world-class capabilities in every market we serve.”
Also Read: Configit Welcomes Kenneth Hune Petersen as New Chief Commercial Officer
IDC MarketScape evaluated each vendor’s fraud detection and prevention technology delivery, functionality, market share growth, and an assessment of the vendor’s innovation and overall research and development (R&D) strategy.
Sean O’Malley, research director at IDC, said: ” Much of my research on financial crime compliance at IDC has focused on improving the integration of vendor solutions and reducing the ‘patchwork’ of solutions, which is a burden for users. Challenge. Experian’s Ascend platform is an important step towards improving financial crime compliance integration, especially when combined with technology tools such as artificial intelligence and machine learning, designed to increase automation, provide advanced analytics and improve models.”
Lintner said: “ The goal of Experian’s fraud prevention platform and other enterprise products is to provide highly scalable solutions that evolve with customers and provide customers with flexible fraud prevention responses through a 360-degree view of consumer identity.”
SOURCE: BusinessWire