Cost, banking, and funding techniques supplier FIS introduced as we speak that it’s partnering with Stratyfy to bolster the capabilities of its SecurLOCK card fraud administration answer.
After testing the brand new SecurLOCK capabilities with clients, FIS anticipates that the up to date software will improve precisely recognized card transactions and assist stop fraud. This can cut back friction for finish customers by minimizing fraud and disruption skilled due to false positives.
“With refined fraudsters utilizing new applied sciences to extend fraud assaults, each companies and customers are going through extra danger than ever earlier than,” mentioned FIS Head of Fraud Providers 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 customers they serve.”
Based in 2017, Stratyfy offers predictive analytics and choice administration options for monetary establishments. The corporate demoed one in all its options, UnBias, at FinovateFall 2022, and gained 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 in all 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 by this answer,” mentioned Stratyfy CEO, and co-founder Laura Kornhauser. “Our relationship with FIS showcases the super worth that’s doable by partnerships, and we’re thrilled to proceed to construct upon this essential work.”
Banking expertise firm FIS was based in 1968, and has a present market capitalization of $40 billion. Earlier this yr, the Florida-based firm acquired post-trade SaaS platform Torstone Know-how to boost its personal capital markets providing. In response to Crunchbase, the acquisition marks FIS’ twenty sixth acquisition.
Picture by RDNE Inventory venture
