Fostering trust among parties involved in a transaction is key to building a successful shared economy platform. Only an advanced solution that leverages technologies such as artificial intelligence and machine learning to unearth anomalous patterns from structured and unstructured data from varied sources can build a trustworthy platform for customers...
Legacy point solutions can’t cope with the speed at which modern financial services are delivered. That’s why financial institutions need real-time, adaptive decisioning to stay one step ahead of fraudsters while providing the high-quality digital banking experience that customers expect....
Fraudsters harvest personal details of customers from the data breaches to create fraudulent bank accounts that are further used to seek loans, apply for new credit cards, gain instant credit and for money laundering activities. To protect themselves from the financial and reputational losses, banks must stop the fraudulent applications...
Fraud teams will converge to finance is one of the online fraud prevention trend to watch out for in 2019. Simility identifies 5 other trends in fraud prevention that will have an impact on all online businesses in 2019....
Along with large-scale data breaches, fraudsters are infiltrating systems to amass user information using techniques smarter than ever before. They trade stolen personal information for cash, or misuse it to commit crimes extremely tough to detect. ...
Avenues for fraud are increasing amidst disruptive services, changing regulations, and rising customer expectations. At the same time, fraud armed with sophisticated technology is becoming strategic and targeted. Digital businesses will be required to strike a fine balance between fraud prevention and seamless experience to attain growth in 2019....
As 2018 draws to close, Simility had a tremendous year. We’ve undergone an acquisition, launched more features and updates than ever before. Simility continues to help businesses overcome multiple challenges spanning rising customer expectations in terms of enhanced convenience, increasing numbers of connected devices, mounting pressure of staying compliant with...
To maximize holiday season sales, online retailers require adaptive fraud prevention solution powered by advanced machine learning algorithms to ensure legitimate customers undergo no slowdown at the virtual checkout, while spotting and blocking any purchases that use stolen identities....
Simility's Adaptive Decisioning Platform with big data analytics and advanced machine learning capabilities enable businesses to quickly detect evolving fraud schemes....
The low dollar amounts and anonymity associated with gift cards make them an attractive proposition for fraudsters. With advanced fraud prevention technology, digital gift card can be a promising business for the retailers and can contribute to increased revenue and customer retention. ...
