Traditional Fraud Prevention in Fintech has been about a checkpoint at the moment of financiala transction. Whether it's the issuing of a refund, the authorization of a payment or a loan, or approving an e-commerce purchase, business units have built up checkpoints that take a singular moment in time view of that particular finacial transaction, and based on things like the reputation of the fianncial instrument, approve or decline the transaction.
With the advent of ever more sophisticated and AI-enabled fraud rings, the old way of doing things is not longer sufficient to achieving goals of minimizing fraud losses and great frictionless user experience.
In this session we will cover how deploying real time identity threat protection at the front doors of applications - registration, sign in, account recovery, session managment - is key to reducing fraud pressure, working in concert and better-together with the fdownstream intech checkpoints.