Risk Ident develops intelligent software to prevent online fraud.
Details about Risk Ident
Nothing is worse for businesses and their customers than fraud. As well as damaging trust, it can be extremely costly. And what is made by man can be unmade by man: in the long run, fraudsters will always be able to outsmart all forms of protection, accessing customer data and transactions. The problem is that when they succeed, it’s often only possible to tell they’ve done it after the fact. That is why Risk Ident has decided to develop a different type of fraud prevention software.
The concept behind it is to recognise fraud in real time so that businesses and their customers can be warned as soon as possible. Focussing on e-commerce, telecommunications, and digital financial services, the aim is for cases of identity theft, account hacking, and fake accounts to be flagged and fought immediately. In order to achieve this, the FinTech accesses millions of transactions daily and evaluates them at lightning speed – all the while respecting data protection regulations. Working with Hamburg’s Otto Group, since launching, Risk Ident has swfitly become one of the market leaders in fraud prevention.