Experian Named “Best Financial Transaction Security Company” in 2023 FinTech Breakthrough Awards Program

“We are very proud that our technology and solutions continue to empower FinTech companies to innovate new approaches to fraud prevention, use analytics and decision-making to improve their business processes and accelerate the customer experience.”

LOS ANGELES (PRWEB)
28 April 2023

FinTech Breakthrough, an independent market intelligence organization that recognizes the best companies, technologies and products in the global FinTech market, announced today that it has selected Experian® as the winner of the “Best Financial Transaction Security Company” award in the 7th annual FinTech Breakthrough Awards program.

“More than 70 percent of businesses say preventing fraud is their top concern, the highest it’s ever been, and today’s growing digital-first climate comes with an increase in fraud and identity theft threats,” said James Johnson, CEO. FinTech breakthrough. “Experian’s leading fraud prevention and identity protection solutions help organizations reduce complex fraud problems and ensure an optimal customer experience. The company’s products and technology allow businesses to recognize legitimate identities and identify risks, while complying with regulatory requirements. Congratulations to the Experian team for being our ‘Best Financial Transaction Security Company’ for 2023.”

The FinTech Breakthrough Awards is the premier awards program founded to recognize FinTech innovators, leaders and visionaries from around the world across a range of categories including Digital Banking, Personal Finance, Lending, Payments, Investments, RegTech, InsurTech and many more. The 2023 FinTech Breakthrough Awards program received more than 4,000 nominations from around the world.

“We are very proud that our technology and solutions continue to empower FinTech companies to innovate new approaches to fraud prevention, use analytics and decision-making to improve their business processes and accelerate the customer experience,” said Jennifer Schulz, CEO of Experian North America . “This award underscores our commitment to innovation, especially when it comes to meeting the expectations of our customers, and developing new products and offerings that drive the bottom line.”

Experian offers a wide range of fraud management solutions that deliver a multi-layered approach to provide appropriate levels of security without slowing down customer engagement or financial business processes. Several core solutions include Experian Link™, CrossCore®, PreciseID® and Ascend Ops™ all working to ensure fintechs can better combat the growing risk of fraud.

Experian Link™ accelerates credit card account holder verification and reduces merchant fraud by linking a payment instrument with the digital identity of the user presenting the card. The solution combines Experian’s vast data resources with advanced analytics capabilities to match and assess the risk of the identity attributes presented to the merchant to the identity attributes contributed by the credit card issuer and to Experian’s network of credit and identity inquiries. The patent-pending REST API improves a merchant’s customer experience and helps increase revenue while reducing fraud and operational costs.

CrossCore® is a smart, open, plug-and-play platform for fraud and identity services that provides a future-proof way to change strategies quickly, detect fraud faster, improve compliance and enhance the customer experience. The approach combines a flexible and scalable API with powerful workflow and decision capabilities, allowing fintechs to connect, access and orchestrate decisions across multiple systems more efficiently. CrossCore is open, enabling the integration of Experian solutions, third-party services and client systems to meet any business need.

With PreciseID®, Experian gives fintechs the flexibility to choose the best combination of fraud analytics, define identity verification policies, and create enhanced verification workflows that meet their specific business needs. Data in PreciseID® extends beyond FCRA-regulated information to include data from Experian’s automotive business, as well as publicly available data and hundreds of other sources. PreciseID® provides risk models tailored specifically to detect identity theft, first-party fraud and synthetic identity fraud.

Experian’s Ascend Ops™ is a transformative cloud solution on Experian’s Ascend platform. Ascend Ops™ reengineers the deployment lifecycle for custom features and models by automating monitoring and management processes – allowing deployment directly to production. With this tool, users can register, test, deploy, and monitor a complete pipeline of custom features and models to existing or new production environment endpoints. Ascend Ops™ innovative containerization engines provide a private and secure environment for intellectual property that increases the speed of testing and production while reducing risk.

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About FinTech Breakthrough

Part of Tech Breakthrough, a leading market intelligence and recognition platform for technology innovation and leadership worldwide, the FinTech Breakthrough Awards program is dedicated to honoring excellence in financial technologies and services, companies and products. The FinTech Breakthrough Awards provide public recognition for the achievements of FinTech companies and products in categories including payments, personal finance, wealth management, fraud protection, banking, lending, RegTech, InsurTech and more. For more information visit FinTechBreakthrough.com.

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 customers to manage their data with confidence. We help individuals take financial control and access financial services, businesses make smarter decisions and thrive, lenders lend more responsibly, and organizations prevent identity fraud and crime.

We have 21,700 people operating in 30 countries, and every day we invest in new technology, talented people and innovation to help all our customers maximize every opportunity. Headquartered in Dublin, Ireland, we are listed on the London Stock Exchange (EXPN) and are a constituent of the FTSE 100 index.

Learn more at experianplc.com or visit our global content center on our global news blog for the latest news and insights from the group.

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