In a strategic move to enhance fraud prevention in the fintech industry, Fingerprint, known for its accurate device intelligence platform, has partnered with Oscilar, a leader in AI-driven risk and fraud management solutions.
The collaboration aims to empower fintech companies with advanced fraud prevention and detection capabilities while ensuring a seamless customer experience. With online payment fraud losses projected to reach $343 billion between 2023 and 2027, the partnership comes at a crucial time when the average U.S. consumer utilizes multiple fintech apps.
“Fingerprint and Oscilar are committed to striking the perfect balance between user convenience and robust security,” stated Dan Pinto, co-founder and CEO of Fingerprint. “Our goal is to provide businesses with reliable, efficient, and secure solutions to protect their assets and safeguard their customers’ trust.”
Fingerprint’s device intelligence platform utilizes proprietary Smart Signals to offer a unique identifier for every user touchpoint with up to 99.5% accuracy. This actionable intelligence enables fintech companies to make faster, more informed decisions about their traffic.
On the other hand, Oscilar’s no-code, AI-powered platform empowers fintechs, banks, and credit unions to manage fraud, compliance, and credit risks seamlessly. The platform revolutionizes risk management by enabling organizations to quickly adapt, test, and deploy risk decisioning policies, minimizing reliance on engineering resources.
Through this partnership, fintechs, banks, and credit unions can leverage Fingerprint’s device intelligence seamlessly within Oscilar’s platform to prevent use cases such as new account fraud, account takeover, and payment fraud.
Key benefits for customers include:
- Access to a no-code/low-code risk platform for fast deployment of risk models.
- Highly accurate device intelligence for every stage of the customer journey.
- Automated risk decisioning with real-time insights, reducing fraud and improving customer experience.
“We founded Oscilar to revolutionize risk management, and partnering with Fingerprint is a natural fit,” said Sachin Kulkarni, co-founder and chief technology officer at Oscilar. “By integrating their unparalleled device intelligence into our platform, we’re making it easier than ever for our clients to automate risk decisioning and deliver seamless experiences to their customers.”
As fintech companies continue to prioritize security and customer experience, partnerships like this between Fingerprint and Oscilar pave the way for innovative solutions to combat payment fraud effectively.