FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market, today announced that it has selected Experian® as winner of the “Best Financial Transaction Security Company” award in the 7th annual FinTech Breakthrough Awards program.
“More than 70 percent of businesses say that preventing fraud is their top concern, the highest it’s ever been, and today’s growing digital-first climate comes with an increase in threats posed by fraud and identity theft,” said James Johnson, Managing Director, FinTech Breakthrough. “Experian’s leading fraud prevention and identity protection solutions help organizations mitigate complex fraud problems and ensure an optimal customer experience. The Company’s products and technology allow businesses to recognize legitimate identities and identify risks, while adhering to regulatory requirements. Congratulations to the Experian team on being our ‘Best Financial Transaction Security Company’ for 2023.”
The FinTech Breakthrough Awards is the premier awards program founded to recognize the FinTech innovators, leaders and visionaries from around the world in a range of categories, including Digital Banking, Personal Finance, Lending, Payments, Investments, RegTech, InsurTech and many more. The 2023 FinTech Breakthrough Awards program received more than 4,000 nominations from across the globe.
“We’re very proud that our technology and solutions continue to empower FinTech companies to innovate new approaches to fraud prevention, employ analytics and decisioning to improve their business processes, and accelerate the customer experience,” said Jennifer Schulz, Chief Executive Officer of Experian North America. “This award underscores our commitment to innovation, especially in meeting the expectations of our customers, and developing new products and offerings that drive the bottom line.”
Experian offers a wide range of fraud management solutions that deliver a multilayered approach to providing appropriate levels of security without slowing down customer engagements or financial business processes. Several core solutions include Experian Link™, CrossCore®, PreciseID® and Ascend Ops™ that all work to ensure that fintechs can better combat the growing risk of fraud.
Experian Link™ accelerates credit card account owner verification and reduces fraud for merchants by linking a payment instrument with the digital identity of the user presenting the card. The solution combines Experian’s vast data assets with advanced analytics capabilities to match and assess the risk of the identity attributes presented to the merchant to the identity attributes contributed by the credit card’s issuer and to Experian’s network of credit and identity inquiries. The patent-pending REST API improves a merchant’s customer experience and helps increase revenue while reducing their fraud and operating expenses.
CrossCore® is a smart, open, plug-and-play platform for fraud and identity services that delivers a future-proof way to modify strategies quickly, catch fraud faster, improve compliance and enhance the customer experience. Its approach combines a flexible and scalable API with powerful workflow and decisioning functions, allowing fintechs to connect, access, and orchestrate decisions across multiple systems more effectively. CrossCore is open, enabling the integration of Experian solutions, third-party services and client systems to meet any business need.
With PreciseID®, Experian provides fintechs with flexibility to choose the best combination of fraud analytics, define identity verification policies and create step-up verification workflows that meet their specific business needs. Data within PreciseID® extends beyond FCRA regulated information to include data from Experian’s automotive business, as well as publicly available data, and hundreds of other sources. PreciseID® provides risk models tailored specifically to detect identity theft, first party fraud and synthetic identity fraud.
Experian’s Ascend Ops™ is a transformative cloud solution on Experian’s Ascend platform. Ascend Ops™ reconstructs the deployment lifecycle for custom features and models by automating monitoring and management processes – allowing deployment directly to production. With this tool, users can register, test, deploy and monitor a full pipeline of custom features and models to existing or new production environment endpoints. Ascend Ops™ innovative containerization engines process provides a private and secure environment for intellectual property that speeds testing and production while reducing risk.
About FinTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for technology innovation and leadership around the globe, the FinTech Breakthrough Awards program is devoted to honoring excellence in Financial Technologies and Services companies and products. The FinTech Breakthrough Awards provide public recognition for the achievements of FinTech companies and products in categories including Payments, Personal Finance, Wealth Management, Fraud Protection, Banking, Lending, RegTech, InsurTech and more. For more information visit FinTechBreakthrough.com.
Source: Experian
Congratulations to our member Experian for this prestigious award
