Question: Is there a software that offers real-time account validation to prevent transactional fraud and ensures state submissions are made in a timely manner?

If you're looking for software that can validate accounts in real-time to stop transactional fraud, Ekata is a good choice. Ekata offers customer identity verification and fraud prevention services, using machine learning-based insights to validate identities and assess AML risk. Its Identity Review 360, Account Opening API and Transaction Risk API can help stop fraudulent account creation and deliver a better customer experience.

Another good option is Kount, which uses real-time AI and machine learning for fraud prevention, identity verification and compliance. Kount builds detailed customer profiles to help businesses understand their customers and stop new account fraud and account takeover attacks. It also offers real-time authentication and compliance with industry regulations, making it a good choice for companies in ecommerce and healthcare and other sensitive industries.

IBM Security Trusteer is another contender for real-time fraud detection and continuous digital identity assurance. It uses AI and machine learning to authenticate customers and protect against malicious users across all channels. The platform includes Trusteer Pinpoint Detect, Trusteer Pinpoint Assure and Trusteer Rapport to offer fraud protection and a frictionless customer experience.

If you want something more AI-based, check out IPQS. It offers real-time fraud detection and transaction security through algorithms that analyze more than 300 data points. IPQS offers features like proxy and VPN detection, email verification, phone validation and fraud scoring to help businesses stop fraud and improve cybersecurity.