Carpenter Technology Partners with AtData and CRS for Innovative Fraud Detection Solution
- Carpenter Technology enhances online transaction security through innovative partnerships focused on advanced fraud detection solutions.
- The Fraud Finder utilizes email intelligence to proactively identify and mitigate fraud risks in credit transactions.
- This collaboration improves risk assessment capabilities for credit professionals, addressing sophisticated fraud tactics effectively.
Innovative Fraud Detection Partnership Enhances Security in Credit Transactions
In a significant move to bolster fraud detection capabilities in the financial sector, AtData has partnered with CRS to introduce the Fraud Finder, an advanced email-centric solution. This collaboration aims to revolutionize how credit teams identify and mitigate fraud risks at the early stages of the customer journey. The Fraud Finder utilizes AtData's extensive email validation data to detect potential risk signals before traditional credit checks are conducted. By focusing on email intelligence, the partnership offers a proactive approach to fraud prevention, which is critical in today’s digital landscape.
Jason Domazet, Chief Revenue Officer at CRS, highlights the affordability and configurability of the Fraud Finder, stating that it effectively balances cost with comprehensive coverage. This innovative solution taps into billions of monthly behavioral email signals, allowing credit teams to discern and eliminate various fraud patterns, such as synthetic identities and account takeovers. Such capabilities are essential for financial institutions that face increasing threats from sophisticated fraud tactics. By employing this technology, organizations can take prompt and informed actions against suspicious activities, thereby reducing their exposure to fraud.
Diarmuid Thoma, Head of Fraud and Data at AtData, underscores the pivotal role of email in establishing digital identities. He asserts that the real-time fraud signals derived from email intelligence provide a more precise and adaptable detection process compared to traditional methods. The Fraud Finder's design facilitates seamless integration into existing onboarding and transaction workflows through a flexible API, delivering structured outputs that enable immediate risk assessments. This partnership not only enhances the security of credit-related transactions but also empowers credit professionals with essential tools to combat fraud effectively in an increasingly challenging environment.
In addition to improving fraud detection, this collaboration underscores the growing importance of data-driven solutions in various industries, including finance. As digital transactions become more prevalent, the need for advanced security measures is paramount. The integration of AtData's technology with CRS's expertise represents a forward-thinking approach to safeguarding against emerging fraud threats.
As AtData and CRS work to implement their innovative Fraud Finder, the partnership signals a commitment to enhancing the overall reliability of online transactions. By empowering credit professionals with cutting-edge tools and intelligence, they contribute to creating a safer digital ecosystem for consumers and businesses alike. This development is a testament to the ongoing evolution of fraud prevention strategies in the ever-changing landscape of financial services.