In most companies, fraud is generally detected only after it happens. After that, the measures are implemented for its future prevention and protection. With the upsurge of technology and rising digitization, fraud detection, and prevention, before it happens, has become quintessentially necessary. Several companies believe that fraud detection is the best way to eradicate it from the environment and prevent a recurrence.
Below are the 20 significant fraud detection and prevention software companies that offer a safe environment for businesses to work and operate.
Fraud.net is a leader in AI-powered enterprise risk intelligence. Its award-winning fraud detection platform helps digital businesses quickly identify transactional anomalies and pinpoint fraud using artificial intelligence, big data, and live-streaming visualizations.
ClearSale is a multinational company whose mission is to stop fraud without affecting the customer experience. ClearSale's flagship solution is an end-to-end fraud management solution, combining advanced technology software, artificial intelligence algorithms, and manual review when necessary. While most fraud prevention solutions are built on scoring and filters, ClearSale simply approves or declines each order, backing every order with a financial guarantee if desired.
Riskified is an all-in-one eCommerce fraud prevention solution and chargeback protection service for high-volume and enterprise merchants. Riskified offers a 100% chargeback protection guarantee on every order. Riskified approves, allowing their merchants to sell with confidence. It is the world's leading eCommerce fraud-prevention company trusted by hundreds of global brands from luxury fashion houses and retail chains to gift card and ticket marketplaces.
MarkMonitor, the world leader in enterprise brand protection and a Thomson Reuters Intellectual Property & Science business, uses a SaaS delivery model to provide advanced technology and expertise that protects the revenues and reputations of the world's leading brands. Customers choose MarkMonitor for its unique combination of industry-leading expertise, advanced technology, and extensive industry relationships to preserve their marketing investments, revenues, and customer trust.
Kount's best-in-class fraud prevention solutions protect the digital innovations of over 6,500 brands globally. Kount has earned recognition as the market leader in digital fraud prevention, with over 12 years of data informing their advanced ML/AI models. This patented technology prevents digital payments fraud, new account fraud, and account takeovers to increase revenue for digital businesses, acquiring banks, and payment service providers.
Sift is the leader in Digital Trust & Safety, empowering companies of all sizes to unlock revenue without risk. Sift prevents fraud with industry-leading technology and expertise, an unrivaled global data network, and a commitment to building long-term partnerships with their customers. Twitter, Airbnb, and Twilio rely on Sift to stay competitive and secure.
ThreatMetrix—now LexisNexis® Risk Solutions leverages comprehensive digital and physical identity intelligence, machine learning, and advanced big data analytics to accelerate risk management decisions and fortify fraud defenses for global businesses in over 100 countries. Its solutions combine innovative technology and intuitive analytics with more than 78 billion data records augmented by the digital identity coverage of the ThreatMetrix® Digital Identity Network to deliver a concise 360-degree view of risk at any point in the customer lifecycle.
iovation, a TransUnion company, was founded with a simple guiding mission: to make the Internet a safer place for people to conduct business. Since 2004, the company has been delivering against that goal, helping brands protect and engage their customers, and keeping them secure in the complex digital world. Armed with the world's largest and most precise database of reputation insights and cryptographically secure multi-factor authentication methods, and safeguards tens of millions of digital transactions each day.
Signifyd, the world's largest provider of Guaranteed Fraud Protection, was founded on the belief that e-commerce businesses should grow without fear of fraud. Signifyd solves the challenges growing e-commerce businesses persistently face: billions of dollars lost in chargebacks, customer dissatisfaction, and operational costs. Signifyd Guaranteed Payments protect online retailers supported by a full-service machine-learning engine that automates fraud prevention allowing businesses to increase sales and open new markets while reducing risk.
Forter's integrated fraud prevention platform protects online merchants from fraud attacks and abuse at both the account level and the point of transaction. Forter protects more than US$130B in online commerce transactions for more than 500 million global customers. The company's identity-based fraud prevention solution is formed through innovative machine learning technology, honed by ongoing expert predictive research and insights.
i-sight is a powerful case management platform that organizes and manages a company's investigative process and provides the data to analyze results, prevent incidents and losses to protect the employees. i-Sight provides solutions for human resources, ethics and compliance, fraud, health and safety, and corporate security to name a few. It centralizes all case information to allow secure collaboration to boost efficiency and save time and money. Some of i-Sight's notable clientele are EA Sports, Red Bull, Twitter, and the United States Olympic Committee.
SAS Fraud Management is a holistic enterprise fraud management system that provides real-time integration of authoritarian systems, on-demand scoring, advanced analytics, rule writing, stimulation capabilities, alert management, and reporting. The company's advanced analytical technologies reduce the occurrence of false positives and improve fraud detection rates which results in better customer service.
Column Case Management is a privately-held software provider that specializes in case management. The company has developed a holistic approach to investigate fraud with software that provides centralized evidence collection and streamlines search functions. The use cases of Column Case Management's processes are risk management, vendor audits, tracing and recovering losses, web, security, and digital identity, IP infringement, and theft, money laundering, schemes, etc.
IBM's fraud detection resource, IBM Security Trusteer, helps companies detect fraud and seamlessly authenticate users across all the channels of the customer journey. Through cloud-based intelligence, based on AI and machine learning, Trusteer provides a 360-degree fraud detection platform for better customer service while providing protection against malicious users.
Xanalys specializes in providing software capabilities for threat assessment, investigative case management, and advanced crime and fraud analytics. These solutions help manage multi-jurisdiction major crime investigations, assess and analyze suspicious financial transactions, work on intelligence reports, and disclose evidence in a court-ready format for successful outcomes.
With Agnovi's fraud case management software, investigators can effectively manage tips, complaints, and investigations for internal and external fraud. Agencies can manage fraudulent event data, record keeping, evidence, and compliance for investigations around insurance fraud, tax fraud, identity theft, and large-scale banking fraud. It offers customized automatic download of fraud reports with the e-mail confirmation, name capture of all involved parties to build cases, the ability to store all documents in a unified system, and the elimination of duplicate information.
Brand protection, insurance fraud, occupational health and safety, government fraud, and financial fraud are some of the few services ScoutCMS offers. This case management automates claims processes to increase profitability, detects, corrects, and prevents fraud, waste, and abuse, assesses government fraud cases in a collaborative and organized environment and enables investigators to assess complex financial fraud information.
FRISS Fraud Detection at Claims enables claim segmentation, improves the customer experience with faster payment of legitimate claims, and automatically detects insurance fraud before claims are paid. The company's AI-powered fraud detection software automatically detects suspicious claims, reveals networks and hidden patterns while safely automating business processes.
FraudLabs Pro is a fraud detection software that helps companies seal their online businesses from malicious fraudsters. It performs comprehensive fraud validation on components like geolocation, proxy, email, credit card, transaction velocity, etc to uncover fraud orders precisely. This software can also customize over 40 validation rules for efficient fraud protection.
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