Fraud is organized, commercialized and cross-industry
Fraud has never been more prevalent. Rapidly evolving technologies and trends have resulted in an arms race between fraudsters and enterprises. Now more than ever, a robust and multi-faceted fraud protection strategy is critical. However, striking a balance between fraud prevention and a fast and convenient customer experience is challenging. Enterprises want intelligent onboarding to keep fraudulent transactions out without inadvertently turning away good customers while ensuring decision transparency for regulatory bodies.
Combating fraud is a team effort
Single enterprise databases provide a limited view of wider fraud activity and behavioral trends. IDology’s network helps you see the bigger picture, amplifying real-time fraud intelligence. Enterprises across all major industries contribute to IDology’s network, sharing intelligence and exponentially scaling fraud protection efforts through a united front.
Introducing GBG Trust USA
Monitor suspicious activity in real-time across your enterprise and beyond to prevent fraud and build trust.
GBG Trust USA is a fraud monitoring solution to bolster KYC checks (via ExpectID), that leverages IDology’s cross-industry network of over 650 brands across 28 sectors to provide instant insight, prevent fraud and build trust. Assess whether a transaction is trustworthy in real-time and detect crossover fraud by matching unique attributes against those already seen across the network, ensuring an informed and holistic view of evolving fraud trends. With configurable rulesets and transparent decisioning, GBG Trust USA improves efficiency, optimizes cost and reduces risk.
Gain a holistic view of crossover fraud and emerging fraud trends using our extensive cross-industry network
-Monitor transactions at the application stage for early detection of fraudulent behavior and suspicious activity
-Leverage the IDology network for real-time notifications of high-risk attributes seen outside of your enterprise for timely decisioning and smooth workflows
-Detect complex fraud patterns and anomalies as they develop across sectors
Transparent decisioning to reduce risk, reduce cost and improve the customer experience
-Customize rules for transparent decisioning logic when certain criteria are met
-Reduce risk by escalating transactions for further identity verification
-Reduce cost by suppressing the number of escalations
-Terminate suspicious transactions and limit the number of failed dynamic KBA and document authentication attempts before a transaction is terminated
Precise configuration to ensure flexibility and adaptability to emerging fraud trends and tactics
-Configure thresholds based on your enterprise or the entire IDology network
-30 billion unique attribute monitoring configurations available
-Simulate the impact of velocity rule changes to ensure they meet your risk threshold
Key Benefits
Boost efficiency
Improve your analyst team’s efficiency and allow them to focus on meaningful trends with configurable and automated decisioning.
Reduce fraud
Automate escalation to identity verification where suspicious activity is identified, including high velocity transaction attempts, anomalies and data combinations.
Make more informed decisions
Gain a holistic view of fraud trends and activity that goes beyond your own enterprise.
Optimize cost
Suppress the number of identity verification (dynamic KBA or document authentication) escalations per transaction, to ensure attempted fraudulent transactions don’t incur additional transaction costs.
Meet regulatory requirements
Ensure compliance confidence thanks to decision transparency.
Reduce false positives
Leverage a broader scope of data for reduced false positives and precise trend identification.
Global Fraud Report: 9th Edition
With 52% of businesses reporting an overall increase in fraud across mobile, online, contact center and in-person channels, it is clear that detecting and deterring fraud without negatively impacting the customer experience is a strategic consideration for effective digital identity verification.
New data from our 9th Edition analyzes the latest global fraud trends and explores how enterprising fraudsters have joined forces and are applying new technology, such as Generative AI, to fuel the fire of common tactics.