Fingerprint and Oscilar unite to enhance fraud prevention in FinTech

Fingerprint and Oscilar unite to enhance fraud prevention in FinTech

Fingerprint, known as the world’s most accurate device intelligence platform, is partnering with Oscilar, a leader in AI-driven risk and fraud management.

The partnership between Fingerprint and Oscilar is driven by the urgent need to tackle increasing online payment fraud, which is expected to result in losses amounting to $343bn between 2023 and 2027. With the rising use of digital financial apps by consumers, there is a critical demand for effective solutions that not only prevent fraud but also maintain a seamless user experience.

Fingerprint offers a device intelligence platform that utilises its proprietary Smart Signals to generate a unique identifier for every user interaction, achieving up to 99.5% accuracy. This platform provides FinTech companies with the tools to make quick and informed decisions based on robust data about their traffic.

Oscilar provides a no-code, AI-powered risk decisioning platform designed to help FinTechs, banks, and credit unions manage fraud, compliance, and credit risks efficiently. The platform allows for fast adaptation, testing, and deployment of risk decisioning policies without heavy reliance on engineering resources.

The collaboration allows entities like FinTechs, banks, and credit unions to integrate Fingerprint’s advanced device intelligence into Oscilar’s no-code platform across various customer interaction points. This integration is crucial for preventing fraud scenarios such as new account fraud, account takeovers, and payment fraud.

Fingerprint CEO Dan Pinto said, “By joining forces with Oscilar, we empower customers to strike the perfect balance between user convenience and robust security. We are committed to providing businesses with the most reliable, efficient and secure solutions to protect their assets and safeguard their customers’ trust.”

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