Business
Launch of Celebrus Fraud Data Platform
Launch of Celebrus Fraud Data Platform.
About this update from Celebrus Technologies Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8660B\n D4T4 Solutions PLC\n 15 June 2021\n \n \n \n \n 15 June 2021\n \n \n \n \n \n D4t4 Solutions Plc\n \n \n \n \n \n Expansion into new sector with launch of the Celebrus Fraud Data Platform\n \n \n \n \n \n \n \n \n D4t4 Solutions Plc (AIM: D4t4, \"the Group\" or \"D4t4\"), the AIM-listed data solutions provider, is \n today\n launching the Celebrus Fraud Data Platform (FDP) to support businesses in protecting their customers in real-time across all digital touchpoints. This is the result of \n two years' design and development work and approximately £1.5m of investment by the Group and sees D4t4's initial launch into the large and growing market of fraud protection software, estimated to be worth currently $18+ billion per annum.\n \n \n \n \n \n Using automated behavioural biometrics to eliminate fraud around the three core fraud use cases of Account Opening, Account Takeover and Payment Processing, FDP is able to identify potentially fraudulent signals in real-time so as to pre-empt occurrence, enabling enterprises to improve their fraud management processes, avoid losses, reduce reputational damage and help with identification of fraudsters even before a fraud has taken place. FDP helps businesses protect their customers through:\n \n \n \n \n \n \n · \n Behavioural biometrics and analytics which provide seamless detail about users as they navigate digital channels;\n \n \n · \n Insights that signal unusual online interactions in real-time to identify fraud across the customer journey;\n \n \n · \n Integration to existing fraud detection and investigation systems to identify and prevent multiple fraud types;\n \n \n · \n Complete control to quickly adapt to evolving threats.\n \n \n \n \n \n \n FDP overcomes the widespread industry challenge of the need for better real time data, as fraudulent activity continues to increase exponentially and fraudsters become increasingly sophisticated. Fraudulent activity has increased significantly with the growth in e-commerce during the pandemic, whilst a survey \n by \n \n \n KPMG\n \n \n among \n leading financial institutions globally found that more than half have experienced an increase in fraud volume recovering only 25% of fraudulent losses and that more than 60% of banks reported a rise in f...