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Fee, banking, and funding methods supplier FIS introduced right this moment that it’s partnering with Stratyfy to bolster the capabilities of its SecurLOCK card fraud administration resolution.
After testing the brand new SecurLOCK capabilities with clients, FIS anticipates that the up to date instrument will enhance precisely recognized card transactions and assist stop fraud. It will scale back friction for finish shoppers by minimizing fraud and disruption skilled due to false positives.
“With subtle fraudsters utilizing new applied sciences to extend fraud assaults, each companies and shoppers are dealing with extra threat than ever earlier than,” mentioned FIS Head of Fraud Companies Eric Kraus. “This new collaboration is a continuation of a dedication to implement new applied sciences, serving to companies stop fraudulent conduct to guard the shoppers they serve.”
Based in 2017, Stratyfy supplies predictive analytics and choice administration options for monetary establishments. The corporate demoed one among its options, UnBias, at FinovateFall 2022, and received a Better of Present award for its presentation. Among the many firm’s different options are Credit score Danger Evaluation and Fraud Detection. Stratyfy is one among 80 graduates of FIS’ Fintech Accelerator, having accomplished the 12-week program in 2020.
“It’s rewarding to see how our distinctive machine studying method can allow higher outcomes via this resolution,” mentioned Stratyfy CEO, and co-founder Laura Kornhauser. “Our relationship with FIS showcases the great worth that’s attainable via partnerships, and we’re thrilled to proceed to construct upon this necessary work.”
Banking know-how firm FIS was based in 1968, and has a present market capitalization of $40 billion. Earlier this 12 months, the Florida-based firm acquired post-trade SaaS platform Torstone Expertise to reinforce its personal capital markets providing. In response to Crunchbase, the acquisition marks FIS’ twenty sixth acquisition.
Photograph by RDNE Inventory venture
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