Press Release: Outseer Releases Latest Fraud & Payments Report for 1H 2022

Neobanking

Add ‘fraudless’ to your friction-free

Leverage science to drive digital risk decisions across the customer journey.

Friction down, one last F-word to go

You're laser-focused on creating a frictionless customer experience in a category where the fastest brand wins. You've squeezed every last nanosecond and deleted every last click possible to streamline everything from enrollment, to approval, to account access, to transfers. Along the way, you've changed the world of banking forever. But now, the only people who love all that speed and convenience more than your tech-savvy customers are digital-first fraudsters. And it's starting to show. According to Aite-Novarica Group, neobanks now experience a fraud rate of 0.30%. For those keeping score, that's nearly twice the fraud rate of credit cards. At least one major neobank recently found it
has 4.5 million fraudulent accounts. Another discovered that only 1% of suspicious activity on its network is ever flagged—to the joy of cybercrooks and money mules the world over. Your options: succumb to one F-word for the sake of another. Or beat them both with Outseer. Through the power of modern science and shared intelligence from more than 20 billion annual transactions worldwide, we stop 95% of all fraud without adding friction. By seeing what others can't, we can help you eliminate fraud loss and deliver the fast, friendly experience so central to your value proposition. Bonus points: All those digital-first fraudsters will be left shouting that another notorious f-word when they're stopped cold.

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Outseer 3-D Secure™

Leverages the EMV 3-D Secure protocol to provide a fast, friendly, and secure digital shopping experience.

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Outseer Emerging Payments™

Authenticate new digital commerce transactions across the pay before, pay now, and pay later spectrum.

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Outseer FraudManager™

Protect activities and transactions across all digital channels while delivering a frictionless user experience.

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Outseer FraudAction™

Comprehensive threat management service that continuously monitors the cybercrime landscape to protect your business.

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