The dramatic rise in the volume of online transactions has led to the convergence of digital trust and transaction monitoring, transforming fraud detection as we know it. Merging online fraud detection, identity proofing and user authentication across the digital customer journey means we can now look to prevent fraud even before a transaction takes place.
Not only does the marriage of digital trust and transaction monitoring bolster fraud prevention, but organizations also benefit from a reduction in false positives, creating an improved customer experience and greater opportunity for growth.
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