If you want to improve the accuracy of customer risk assessments during the account opening process to reduce fraud, there are several options. Ekata offers a suite of customer identity verification and fraud prevention solutions for payments, ecommerce and financial services. Its suite of products includes Identity Review 360, Account Opening API and a variety of fraud prevention tools. Ekata's solutions enable businesses to onboard customers with confidence, optimize manual review queues and reduce fraud risk, and it serves more than 2,000 customers around the world.
Another option is Feedzai, whose machine learning-based advanced financial fraud detection software is used by a number of companies. It offers tools for account opening risk assessments, digital trust through behavioral and device biometrics, transaction fraud monitoring and KYC/customer due diligence. It serves a variety of industries, including retail banks, corporate banks, fintechs and PSPs, and protects more than 900 million customers worldwide.
Jumio offers an AI-powered identity verification platform to prevent fraud and ensure compliance. Its advanced features include ID checks, selfie comparisons and real-time risk assessment. With support for more than 5,000 ID types from 200+ countries, Jumio offers global coverage and compliance with regulatory standards such as KYC and AML. The platform can be easily integrated through APIs, SDKs and web apps, making it accessible for a variety of industries.
Finally, BioCatch offers behavioral biometrics solutions to prevent fraud while providing a frictionless customer experience. Its services include Account Opening Protection, Account Takeover Protection and Strong Customer Authentication. With advanced technologies like Continuous Behavioral Sequencing and Predictive Intelligence, BioCatch helps large financial services and telecommunications companies reduce fraud risk and reputational damage.