Latest news with #KnowYourUser
Business Wire
01-08-2025
- Business
- Business Wire
Accertify, Akamai, AU10TIX, BioCatch, Entrust, Forter, IB, HUMAN Security, Kount, LexisNexis, NICE Actimize, SEON, Signifyd, Sumsub
DUBLIN--(BUSINESS WIRE)--The "Fraud Detection and Prevention (Know Your User), 2025: A Frost RadarT Report" has been added to offering. The fraud detection and prevention (FDP) market has grown significantly, driven by the frequency, sophistication, and volume of fraudulent attacks. The increase in digital transactions as well as companies' digital transformation initiatives have created a large attack surface. Businesses are adopting FDP solutions powered by artificial intelligence and machine learning to protect sensitive data and ensure compliance with regulations, such as the General Data Protection Regulation and Payment Card Industry Data Security Standard. Artificial intelligence and machine learning enhance solution capabilities, offering real-time monitoring and analysis of transactions, pattern identification, biometric authentication, behavioral biometrics, device intelligence, and more. Know your user (KYU) is an essential component of the FDP framework. The KYU approach utilizes behavioral biometrics and authenticates the claimed identity of the user without identifying who the user is. Variables collected during the user's interaction with the device or application are unique and confirm who users say they are. Some of these variables are mouse activity, keystroke pattern, device angle, typing cadence, geolocation, number of touch events, and mouse travel distance. In conjunction with other data, such as geo-location and device intelligence, FDP systems upon identifying a risk may increase user friction and step up authentication. For good customers, passive and continuous authentication throughout the process contributes to a seamless experience. It also enables enterprises to balance the user experience and security. Companies to Action Accertify Akamai AU10TIX BioCatch Entrust Forter Group-IB HUMAN Security Kount, an Equifax company LexisNexis Risk Solutions NICE Actimize SEON Signifyd Sumsub For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Malaysian Reserve
02-06-2025
- Business
- Malaysian Reserve
Forter Recognized as a Leader in Frost & Sullivan Radar Report for Fraud Detection & Prevention, KYU for the Fourth Year
NEW YORK, June 2, 2025 /PRNewswire/ — Forter, the Trust Platform for digital commerce, has been recognized as a leader in the Frost & Sullivan Radar Report for Fraud Detection and Prevention, Know Your User (KYU) for the fourth year, signaling its continued market leadership and product innovation. According to Deepali Sathe, Senior Industry Analyst at Frost & Sullivan, 'Forter incorporates evolving fraud trends into its product development strategy, helping companies improve profitability and move beyond a transaction-based approach to a more holistic consumer approach.' Since its founding in 2013 – when Forter disrupted the market with its AI-powered fraud management solution – the company has expanded its platform to address the entire digital commerce journey, processing over $2 trillion in transactions and protecting 1.8 billion shoppers. Its fully automated solutions protect every digital interaction, including account protection, fraud management, payment optimization, chargeback recovery and abuse prevention. Together, they form Forter's Trust Platform which delivers identity intelligence to help businesses optimize conversions, grow customer lifetime value, reduce loss and accelerate growth. 'Forter's investment in research and development translates into growing its offerings to address challenges across the customer journey. Its identity intelligence empowers risk and digital teams to understand the identity behind every transaction and proactively counter sophisticated fraud attempts,' according to Sathe. The company's product innovation, including its recent spring product release, helps businesses grow revenue, deliver a seamless customer experience and scale their operations. Forter also continues to expand its partner ecosystem, receiving exclusive partner status with AWS, Shopify and Salesforce – accelerating growth and extending its global reach to serve the world's leading brands. 'Over a decade ago, Forter pushed the industry forward by taking an identity-focused approach and introducing AI to deliver automated risk decisions. Since then, we've built the largest first-party dataset and expanded our use of AI to drive revenue uplift and customer lifetime value for the world's biggest brands,' said Cyndy Lobb, chief product officer, Forter. 'Four years of leadership recognition from Frost & Sullivan is a testament to the strength of our platform, our unwavering commitment to customers and the growth of our business.' To read the full Frost & Sullivan Radar Report for Fraud Detection and Prevention (KYU), visit About ForterForter is the Trust Platform for digital commerce. We make accurate, instant assessments of trustworthiness across every step of the buying journey. Our ability to isolate fraud and protect consumers is why Adobe, ASOS, eBay, Instacart, Priceline, Nordstrom, and many more leaders across industries have trusted us to process more than $2 trillion in transactions. Our deep understanding of identity and use of automation helps businesses prevent fraud, maximize revenue and deliver superior experiences for their consumers. Learn more at
Yahoo
02-06-2025
- Business
- Yahoo
Forter Recognized as a Leader in Frost & Sullivan Radar Report for Fraud Detection & Prevention, KYU for the Fourth Year
NEW YORK, June 2, 2025 /PRNewswire/ -- Forter, the Trust Platform for digital commerce, has been recognized as a leader in the Frost & Sullivan Radar Report for Fraud Detection and Prevention, Know Your User (KYU) for the fourth year, signaling its continued market leadership and product innovation. According to Deepali Sathe, Senior Industry Analyst at Frost & Sullivan, "Forter incorporates evolving fraud trends into its product development strategy, helping companies improve profitability and move beyond a transaction-based approach to a more holistic consumer approach." Since its founding in 2013 – when Forter disrupted the market with its AI-powered fraud management solution – the company has expanded its platform to address the entire digital commerce journey, processing over $2 trillion in transactions and protecting 1.8 billion shoppers. Its fully automated solutions protect every digital interaction, including account protection, fraud management, payment optimization, chargeback recovery and abuse prevention. Together, they form Forter's Trust Platform which delivers identity intelligence to help businesses optimize conversions, grow customer lifetime value, reduce loss and accelerate growth. "Forter's investment in research and development translates into growing its offerings to address challenges across the customer journey. Its identity intelligence empowers risk and digital teams to understand the identity behind every transaction and proactively counter sophisticated fraud attempts," according to Sathe. The company's product innovation, including its recent spring product release, helps businesses grow revenue, deliver a seamless customer experience and scale their operations. Forter also continues to expand its partner ecosystem, receiving exclusive partner status with AWS, Shopify and Salesforce – accelerating growth and extending its global reach to serve the world's leading brands. "Over a decade ago, Forter pushed the industry forward by taking an identity-focused approach and introducing AI to deliver automated risk decisions. Since then, we've built the largest first-party dataset and expanded our use of AI to drive revenue uplift and customer lifetime value for the world's biggest brands," said Cyndy Lobb, chief product officer, Forter. "Four years of leadership recognition from Frost & Sullivan is a testament to the strength of our platform, our unwavering commitment to customers and the growth of our business." To read the full Frost & Sullivan Radar Report for Fraud Detection and Prevention (KYU), visit About ForterForter is the Trust Platform for digital commerce. We make accurate, instant assessments of trustworthiness across every step of the buying journey. Our ability to isolate fraud and protect consumers is why Adobe, ASOS, eBay, Instacart, Priceline, Nordstrom, and many more leaders across industries have trusted us to process more than $2 trillion in transactions. Our deep understanding of identity and use of automation helps businesses prevent fraud, maximize revenue and deliver superior experiences for their consumers. Learn more at View original content to download multimedia: SOURCE Forter Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Barnama
29-05-2025
- Business
- Barnama
SEON Accelerates APAC Growth Amid Rising Demand For Unified Fraud And AML Solutions
AUSTIN, Texas and SINGAPORE, May 29 (Bernama) -- SEON, a global leader in digital fraud prevention and compliance, today announced rapid growth across the Asia-Pacific region, driven by increasing demand for its unified, real-time fraud and AML solutions. New APAC clients such as Salmon Group Ltd, and Forever Network have adopted SEON's Know Your User (KYU) and Know Your Customer (KYC) capabilities to navigate escalating fraud risks across the region's complex digital landscape.
Yahoo
29-05-2025
- Business
- Yahoo
SEON Accelerates APAC Growth Amid Rising Demand for Unified Fraud and AML Solutions
SEON to showcase latest fraud prevention and AML innovations at SiGMA Asia AUSTIN, Texas and SINGAPORE, May 28, 2025 (GLOBE NEWSWIRE) -- SEON, a global leader in digital fraud prevention and compliance, today announced rapid growth across the Asia-Pacific region, driven by increasing demand for its unified, real-time fraud and AML solutions. New APAC clients such as Salmon Group Ltd, and Forever Network have adopted SEON's Know Your User (KYU) and Know Your Customer (KYC) capabilities to navigate escalating fraud risks across the region's complex digital landscape. To support this momentum, SEON has expanded its team with technical, sales and support specialists in Singapore and Jakarta, providing clients with localized expertise and faster response times. 'APAC presents both extraordinary opportunity and operational complexity,' said Tamas Kadar, Co-founder and CEO, SEON. 'The mix of advanced digital economies and rapidly growing markets creates a fragmented risk environment, and legacy point solutions can't keep pace. Our unified platform delivers real-time visibility and protection across the entire customer journey.' As digital threats and regulatory requirements grow throughout the region, businesses face mounting pressure to verify identities, manage payment risk and maintain compliance, without compromising user experience. SEON addresses these challenges with an AI-driven platform that combines digital footprint analysis, device intelligence and real-time analytics to detect and prevent fraud proactively. "SEON has quickly become one of the most effective and user-friendly fraud detection tools we've used to date. Its ability to provide real-time insights, coupled with detailed device tracking and risk scoring, has greatly improved how we identify and respond to suspicious activity,' said Pauline Liu, Compliance Officer, TitanFX. 'The platform is user-friendly, making it easy for both new and experienced team members to navigate and act swiftly. SEON has already proven to be a smart and dependable solution for our fraud monitoring needs." "Our regional clients are increasingly prioritizing fraud prevention platforms that can handle APAC's payment complexity and varied identity verification methods," said Troy Nyi Nyi, Senior Vice President and GM, SEON. "The iGaming, fintech and retail sectors in particular are seeking solutions that can operate across multiple jurisdictions without requiring separate tools for each market, which is why they're turning to SEON.' SEON will showcase its latest innovations at SiGMA Asia, taking place June 2-4 in Manila (Booth 1082). During the event, Troy Nyi Nyi, Senior Vice President and GM, SEON, will speak on "Beyond Defense: Leveraging Fraud Prevention as a Competitive Edge," sharing practical insights for iGaming and fintech leaders. About SEONSEON helps risk teams detect and stop fraud and money laundering while ensuring regulatory compliance. By combining real-time digital footprint analysis, device intelligence and AI-driven rules, SEON empowers over 5,000 businesses globally to prevent threats before they occur. With integrated fraud prevention and AML capabilities, SEON operates from Austin, London, Budapest and Singapore. Learn more at MediaPress@
