Help businesses verify identity and combat fraud
With fraudsters taking advantage of the growing number of transactions online, businesses increasingly need to protect themselves.
People and businesses are transacting more and more online, and fraudsters are taking advantage. A high proportion of credit card and loan charge-offs are from identity fraud. Businesses also face increasing costs from added data regulations.
We provide services that help organisations identify and authenticate the counterparties they engage with to ensure transactions are legitimate. We also help organisations detect and prevent fraudulent activity. Our clients are in financial services, retail, travel and leisure, public sector, social media and health.
increase in fraud attacks due to increased digital activity after the pandemic
of consumers say their perception of a business is improved when that business invests in security
Precise ID helps financial businesses pursue growth by providing real-time identity verification and the ability to identify a wide range of fraud risks
Our Precise ID algorithm compares consumer input data with our current and historical data for an individual. We create a fraud-risk score based on specific characteristics and then apply the business user’s criteria to determine if the record meets their requirements or if we need to step up verification.
A final pass or fail decision is calculated and the scores, attributes and other details of the transaction are relayed to the business customer. All this happens in real time.
We make credit and lending simpler, faster and safer for consumers and businesses.
We help organisations in specialised verticals harness data, analytics and software to make smarter choices.
We enable businesses to find, understand and connect with audiences.