Kevari Introduces the Kevari Data Network: Truly Unique Data that Supercharges Financial Services Companies' Existing Fraud Controls and Verification Systems
MINNEAPOLIS, Sept. 18, 2023 /PRNewswire/ -- Today Kevari, a national leader in helping financial services companies prevent account takeover and new-account fraud, announced the Kevari Data Network, which provides unprecedented access to one-of-a-kind fraud-defense data from the Kevari Fraud Intelligence Platform.
With the development of the Kevari Data Network, financial services companies can now integrate precise data and machine-learning-based scores to elevate the effectiveness of their existing fraud controls and idetity verification systems. Fraud-detection rates can be improved by 350% or more in the riskiest 1% of new-account applications, when compared to companies' existing solutions.
"Our customers and prospects asked us to develop a solution that leverages our unique identity data with high fraud signal at an affordable price," said Adam Elliott, CEO, Kevari. "Companies that screen millions of transactions for fraud are always looking for efficiencies in their waterfall, and we want the Kevari Data Network to be their Lake Itasca."
The Kevari Data Network includes:
"The right data gives financial services companies added horsepower to stay ahead of evolving fraud schemes," Elliott said. "The Kevari Data Network catches more fraud, cuts losses, and preserves customer relationships – while paying for itself."
New Product Offering. New Board Members.
In addition to its new product offering, the Kevari Data Network, Kevari today announced the addition of two new board members, Gary Walter and Jack Sundstrom.
Walter is well-known in the fraud-fighting industry as the former CEO of Infutor, a prominent identity and behavioral data company that is now part of Verisk. Today he serves as CEO for Skyline Accelerators, LLC., where he focuses on executive accelerations and total business consulting. Sundstrom is an industry veteran in fraud solutions, data strategy, and advanced analytics. In addition to his position on the Kevari Board of Directors, Sundstrom is the company's Chief Product & Marketing Officer.
Kevari is fighting to win the battle against account takeover and new-account fraud. Through its AI-enabled Fraud Intelligence Platform, Kevari gives financial services companies access to identity, velocity, and consortium networks that verify identity-related attributes and assess the likelihood of first-party, third-party, and synthetic identity fraud. For more information, visit www.kevari.com.
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