Data and analytics software company Quantexa has expanded its partnership with D4t4 to prevent fraud before it happens.
The partnership will see the companies form a joint capability that pairs Quantexa’s Contextual Decision Intelligence (CDI) Platform with real-time biometric profiling via the Celebrus Fraud Data Platform (FDP).
By intelligently distinguishing between legitimate and fraudulent digital behaviours, the companies said, the collaboration will enable financial institutions to put a stop to mule fraud and remote account takeover fraud.
The joint capability also takes full advantage of Celebrus FDP’s latest features, including Sense and Trace, which allows organisations to closely follow the activity of the mule accounts, find other associated identities compromised by fraudsters, and set alerts when a known mule account is used again.
Bill Bruno, 4t4 Solutions CEO, said, “In today’s digital world, customers demand exceptional and safe online experiences, even as fraudsters are constantly devising new, more sophisticated ways to scam their victims.”
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