COSTA MESA, Calif. - Wednesday, 17. April 2024
(BUSINESS
WIRE) -- Experian announced that the company was named a Leader in the
IDC MarketScape: Worldwide Enterprise Fraud Solutions 2024 Vendor
Assessment (doc #US51939124, March 2024). The report evaluates each
vendor’s advanced fraud detection capabilities, alignment with customer
needs, and future strategy and roadmap for innovation.
Experian
offers an integrated digital identity and fraud risk platform that
delivers analytics-driven outcomes through sophisticated orchestration.
The IDC MarketScape report noted, “In addition to evaluating the
transactional data for potential fraud, Experian's CrossCore solution
includes identity-authentication tools. The solution uses identity data,
device intelligence, email and phone intelligence, alternative identity
data, biometrics, behavioral biometrics, one-time passwords, and
document verification to confirm identities and aid with identity
protection, including synthetic identity protection. Experian utilizes
multiple data partnerships in its fraud solution, which often can help
provide a more comprehensive understanding of fraud risks and
exposures.”
“Given the IDC MarketScape’s comprehensive evaluation
of enterprise fraud vendors, we believe our recognition as a Leader
highlights how our authenticated identity data and advanced
out-of‑the-box analytics help enterprise-scale businesses protect their
consumers and assets,” said Alex Lintner, Chief Executive Officer,
Experian Software Solutions. “Our leadership in the fraud market
reflects our cohesive approach to data, decisioning, fraud, and
analytics to ensure we provide holistic solutions through world-class
capabilities in each of the markets we serve.”
The IDC
MarketScape evaluates how each vendor’s fraud detection and prevention
technologies are delivered, their functionality, increases in market
share, along with an assessment of the vendor’s innovation and overall
research and development (R&D) strategy.
“Much of my IDC
research with respect to Financial Crime Compliance has been focused on
the concept of increasing integration in vendor solutions, reducing the
'patchwork' of solutions that can be challenging for users to
integrate,” said Sean O’Malley, Research Director, IDC. “Experian's
Ascend™ platform is a significant step towards increasing integration in
Financial Crime Compliance, especially when paired with technological
tools, like artificial intelligence and machine learning, designed to
increase automation, provide advanced analytics, and improve models.”
“Our
aim with Experian’s fraud platform and our other enterprise offerings
is to offer highly scalable solutions that evolve with our customers as
they grow and provide them with agility in their fraud responses through
a 360-degree view of consumer identity,” said Lintner.
An excerpt of the IDC MarketScape Worldwide Enterprise Fraud Solutions 2024 Vendor Assessment can be found here.
About IDC MarketScape
IDC
MarketScape vendor assessment model is designed to provide an overview
of the competitive fitness of ICT (information and communications
technology) suppliers in a given market. The research methodology
utilizes a rigorous scoring methodology based on both qualitative and
quantitative criteria that results in a single graphical illustration of
each vendor’s position within a given market. IDC MarketScape provides a
clear framework in which the product and service offerings,
capabilities and strategies, and current and future market success
factors of IT and telecommunications vendors can be meaningfully
compared. The framework also provides technology buyers with a
360-degree assessment of the strengths and weaknesses of current and
prospective vendors.
About Experian
Experian is the
world’s leading global information services company. During life’s big
moments – from buying a home or a car, to sending a child to college, to
growing a business by connecting with new customers – we empower
consumers and our clients to manage their data with confidence. We help
individuals to take financial control and access financial services,
businesses to make smarter decisions and thrive, lenders to lend more
responsibly, and organisations to prevent identity fraud and crime.
We
have 22,000 people operating across 32 countries and every day we’re
investing in new technologies, talented people, and innovation to help
all our clients maximise every opportunity. With corporate headquarters
in Dublin, Ireland, we are listed on the London Stock Exchange (EXPN)
and are a constituent of the FTSE 100 Index.
Learn more at
www.experianplc.com or visit our global content hub at our global news
blog for the latest news and insights from the Group.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240416184905/en/
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Contacts
Michael Troncale
Experian Public Relations
+1 714 830 5462
michael.troncale@experian.com
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