Account Creation Fraud

Account creation fraud is an issue faced by multiple industries, creating significant losses for financial institutions and reputational damage to your brand across social media and marketplaces. Most legacy systems used today rely heavily on outdated fingerprinting technology and are easily defeated.

Precognitive’s deeper level of data aggregation and analysis produces an all-encompassing, arguably omnipotent, context-aware view of user activity to detect and prevent account creation fraud.

How It Works:

Adaptive-ID

Precognitive’s Adaptive-ID device intelligence technology performs a real-time assessment of each device and its connection, to determine and dynamically execute the most effective tracking script. Adaptive-ID identifies and flags evasive users, examines malware signals and cloaked IPs, and aggregates device history from across the internet. These risk factors are used to determine if devices are safe or acting in a hostile manner.

Precog-BA

The device intelligence data is coupled with deep behavioral analytics, building a robust profile to understand unique user patterns. Precog-BA captures intent and interaction signals across user visits to provide visibility of the entire journey, be it over one day or one month. Each user’s behavioral and biometric signals create distinguishable patterns, which identify them as legitimate consumers. These patterns are difficult and time prohibitive for fraudsters to spoof, script, or mimic.

Precog-BA

The device intelligence data is coupled with deep behavioral analytics, building a robust profile to understand unique user patterns. Precog-BA captures intent and interaction signals across user visits to provide visibility of the entire journey, be it over one day or one month. Each user’s behavioral and biometric signals create distinguishable patterns, which identify them as legitimate consumers. These patterns are difficult and time prohibitive for fraudsters to spoof, script, or mimic.

Decision-AI

At the point of account creation, Decision-AI provides a real-time assessment of the interaction.  The decision engine’s hybrid rules and machine learning engine consumes the information entered by the user with the device and creates a behavioral profile to provide highly accurate decisions in real-time.

Features & Benefits

  • Catch bad actors before they have a chance to cause financial and reputational damage.
  • Gain higher confidence in the legitimacy of your users.

  • Increase customer acquisition by lowering inaccurate declines.
  • Protect your customers from identity theft and abuse of personal information.

Features & Benefits

  • Catch bad actors before they have a chance to cause financial and reputational damage.
  • Gain higher confidence in the legitimacy of your users.
  • Increase customer acquisition by lowering inaccurate declines.
  • Protect your customers from identity theft and abuse of personal information.

Already using another solution?

Add any of our technologies to help increase accuracy and fill in any gaps in your existing solution.

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