How is AI Enhancing Fraud Detection and Cyber Security in Fintech?

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Key Takeaways:

  • ThreatMark utilizes advances in AI and data analytics to enhance fraud detection and cybersecurity within the banking and fintech industries.
  • Major banks leverage ThreatMark’s deep behavioral profiling engine for precise, real-time user identification.
  • More than 25 million users and over 1 billion logins and transactions are annually validated through ThreatMark, going beyond industry standards.
  • ThreatMark consistently garners industry recognition, with honors including Gartner’s Representative Vendor for the Online Fraud Detection, Deloitte’s Top Technology Fast 50 for CE, 2019 AI Award – Company of the Year, and EY Entrepreneur of The Year for 2019.

As threats to digital security continue to evolve, so also must the instruments we use in response. In today’s digital world, where transactions and onboarding processes often occur online, the necessity for a higher level of trust is paramount. Emerging to meet this challenge is ThreatMark, a pioneering startup based in the Czech Republic. ThreatMark was conceived with a vision to infuse interactions across all digital channels with a higher degree of trust, utilizing its deep knowledge of cybersecurity and innovative use of AI & Data Analytics.

The revolutionary services provided by ThreatMark extends to multiple industries, including banking, fintech, cyber security, PaaS, SaaS, and payments. Its scope of application, however, is wide-ranging and also largely applicable to all businesses and individuals, as it offers a more secure digital experience, particularly in terms of onboarding, account management, transactions, and authentication.

The unique selling proposition of ThreatMark lies within its deep behavioral profiling engine. This powerful tool helps banks and businesses accurately identify legitimate users while detecting and blocking fraudsters in real-time. The tool analyzes a vast range of user-specific data and behavioural traits, going far beyond simple transaction monitoring, a standard practice in many businesses today. Also, to provide real-time protection against malicious activities, ThreatMark’s Security Operations Center (SOC) continually scans the digital landscape with the help of a dedicated team of cybersecurity experts and fraud specialists.

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ThreatMark is not just an innovative concept on paper, but it’s a proven technology with billions of validated transactions yearly. As part of its unique offerings, the company validates more than 25 million users and over 1 billion logins and transactions annually. This progressive approach has attracted major banks to leverage its solution, signaling trust and endorsement for the startup from reputable financial institutions.

The future of ThreatMark is undoubtedly bright, given the continuous advancements in technology and the rising threat of cyber fraud. With its unique approach to fraud detection and cybersecurity, the company stands at the forefront of meeting these challenges head-on. As it continues to grow and expand in reach, ThreatMark is poised to bring a new wave of trust to the digital landscape.

Stay up to date with the latest ThreatMark advancements by visiting their website or by connecting with them on their social platforms: Twitter, Facebook, and LinkedIn.


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