New features include sense and trace, tamper-proof capabilities for enhanced fraud detection.
D4t4 Solutions Plc (AIM: D4t4), a leading innovator in customer data, management, and analytics, announced it has launched the latest version of its behavioral biometrics Celebrus Fraud Data Platform (FDP) with tamper-proof geolocation, enhanced scam prevention, and time series anomaly detection technology.
During International Fraud Awareness Week, observed globally from November 14–20, D4t4 Solutions is determined to inform consumers of the increasing risks of fraud and how updates to its platform can help organizations better prepare and prevent it. With the evolution of technology, fraud happens faster than ever before, and organizations need better data to stop these attempts and deliver the positive customer experience consumers expect.
In fact, research by Juniper predicts that fraud losses will reach $206 billion by 2025. The research also found that spending on fraud detection and prevention platform services will exceed $11.8 billion (€9.93 billion) globally in 2025, from $9.3 billion (€7.83 billion) in 2021.
"In honor of National Fraud Awareness Week, we thought it was important to notify the market about key updates to Celebrus FDP that build upon our mission to catch the fraudster before the fraud," said Bill Bruno, CEO of D4t4 Solutions. "The increased threats of fraud to industries like banking, retailers and entertainment combined with the evolution of digital commerce has made it important now more than ever for businesses to protect their consumers and detect anomalous activity in real-time."
The updates to Celebrus FDP are designed to ensure banks, insurance companies, retailers, and other organizations protect their consumers while also aiming to provide a positive experience. The platform was first released in June and has since been updated with advanced features to seamlessly prevent scams, given the proliferation of this type of fraud around the globe.
Dynamic new features include:
Celebrus FDP is installed in your own controlled environment and easily integrates with your chosen Fraud Management Systems. The platform is deployed with an extensible data model and scorecards rather than a traditional black box approach to ensure you not only prevent fraud but also stay out in front of emerging threats around the globe.