Risk Ident ‘Highly Commended’ at The Payments Awards 2015
The Payments Awards 2015 held its awards ceremony in London last thursday at the prestigious London Marriot Hotel in Grosvenor Square, and we’re delighted that Risk Ident was recognised by the judges as ‘Highly Commended’ for Anti-Fraud / Security Solution of the Year.
The judges acknowledged Risk Ident as one of the leading fraud prevention experts in the field for our work with online fashion retailer Bonprix, and ‘one to watch’ for the coming year as we continue to help businesses fight fraud.
The Payments Awards celebrate achievements in the payments and technology industry over the last twelve months, bringing together the crème de la crème from the industry. Since we were founded back in 2013 the whole team has poured its energies into developing effective software using machine learning components for behavioural analytics and device fingerprinting.
Using intelligent transaction linking from FRIDA and device analysis and recognition using Device Ident, more than 80% of suspicious transactions identified were fraudulent, and immediately blocked from harming Bonprix and its customers. With our help, Bonprix grew its customer base by 26% and halved the amount of time taken to manually review fraud cases.
Using modern methods of data science and software engineering, Risk Ident delivers one of the highest recognition rates in Europe for fraud prevention on multiple devices, helping online businesses prevent fraud in real-time by identifying and stopping fraudulent transactions, monitoring millions of transactions per day.
Fraud prevention is absolutely vital in today’s successful businesses, but when it works it goes unnoticed by customers, who are simply happy to know they can shop with confidence and security. We’re pleased to be recognised by at The Payments Awards for our dedication to helping organisations stay one step ahead of the fraudsters.
The awards evening was a great way to celebrate and enjoy the latest in payments excellence and technology innovation, and we’d like to share our congratulations with the other winners across the payments chain.