BIG DATA MANAGEMENT

DataVisor Selects Equifax as Primary Consumer Identity Data Partner

DataVisor | October 28, 2021

DataVisor, a company that delivers the most sophisticated Artificial Intelligence (AI) powered fraud management solutions, today announced a partnership with Equifax, making the global data, analytics and technology company its primary consumer identity data partner. DataVisor will enhance and extend its market-leading behavior analytics and fraud detection solution by combining rich consumer identity data from Equifax with powerful AI signals, for zero-lag detection and a frictionless customer experience.

DataVisor will integrate Digital Identity Trust, Secure Multi Factor Authentication (MFA) and Account Verification solutions from Equifax into its next-generation fraud detection platform, enhancing its fraud models for improved detection accuracy and enabling data enrichment features for end-clients globally. When layered together, these Equifax solutions can provide a 90% reduction in fraud risk and a 30% reduction in operational overhead, according to analysis conducted by Equifax.

Used alongside DataVisor fraud models, the Equifax identity data, including credit, utility, mobile phone, email and global device consortium data, will provide enhanced authentication and Know Your Customer (KYC) capabilities to enable fraud teams to accurately detect and prevent identity theft while reducing false positives that prevent legitimate customers from completing transactions.

“With the hypergrowth of digitization in the COVID-19 era, organizations are launching innovative online products to market more quickly — and with them comes a higher risk of fraud. Fraud can cripple a company’s ability to capitalize on new product introductions as organizations scramble to remediate the damage of an attack and gain back customer trust. However, introducing friction into the customer experience can drive away customers and impact business growth. Through our partnership with Equifax, we can now provide advanced identity verification capabilities along with instantaneous and robust identity theft protection, to stop fraudsters while ensuring good customers have a seamless experience.”

Yinglian Xie, Co-founder and CEO, DataVisor

“Fraud losses are expected to grow to more than $600 billion by 2023. For businesses to protect both themselves and their customers from the well-orchestrated tactics of fraudsters, a layered approach to fraud detection is critical,” said Joy Wilder Lybeer, U.S. Information Solutions Chief Revenue Officer and Senior Vice President of Global Partnerships at Equifax. “We are pleased to partner with DataVisor to make our robust identity and fraud prevention solutions an integral part of the DataVisor platform and provide customers with the additional insights they need to help combat fraud and minimize losses.”

Built on industry-leading core technologies and harnessing an extensive catalog of open APIs, DataVisor’s next-generation fraud detection solution uses advanced machine learning and features engineering and graphing technology to correlate fraud signals and surface suspicious patterns, whether known or unknown. The solution analyzes attributes such as user behavior, IP address, email and device information against a Global Intelligent Network (GIN) of insights gathered from more than 4.2 billion protected accounts and 800 billion events across industries, enabling DataVisor to derive features and fraud attributes that can be applied to its portfolio of customers for increased fraud detection.

The partnership comes at a time when organizations must prioritize customer experience and digital growth while also balancing the risk of financial losses resulting from fraud. Analyzing this vast collection of data alongside rich identity data from Equifax will enable DataVisor customers to benefit from robust identity verification, reducing the risk of identity theft and enabling customers to launch innovative products without worrying about fraud.

About DataVisor
DataVisor is the leading fraud detection company powered by transformational AI technology. Using proprietary machine learning algorithms, DataVisor restores trust in digital commerce by enabling organizations to proactively detect and act on fast-evolving fraud patterns and prevent future attacks before they happen. Combining advanced analytics and an intelligence network of more than 4.5B global user accounts, DataVisor protects against financial and reputational damage across a variety of industries, including financial services, marketplaces, e-commerce, and social platforms.

Spotlight

Learn how BIGFrame, an end-to-end Mainframe Offload Solution built by Cognizant, Syncsort and Cloudera, enables enterprises to address challenges with performance, flexibility and agility to get business insights out of their legacy data.

Spotlight

Learn how BIGFrame, an end-to-end Mainframe Offload Solution built by Cognizant, Syncsort and Cloudera, enables enterprises to address challenges with performance, flexibility and agility to get business insights out of their legacy data.

Related News

BIG DATA MANAGEMENT

ActiveCampaign Launches No-Code Data Model Solution

ActiveCampaign | June 09, 2022

Customers will be able to construct their own unique objects from inside the app, with no coding necessary, according to ActiveCampaign, the leader in Customer Experience Automation (CXA). This new feature allows users to augment contacts, accounts, and deals with their own data without having to utilize the API or rely on developer skills. Custom objects enable organizations to construct sophisticated workflows that provide dynamic, automated experiences depending on any collection of unique data that they use to operate their operations. Customers can now more readily model data to their own business requirements and act on it through automations, email personalization, lead generation forms, reporting, and other means. Businesses can connect to sophisticated app integrations that employ custom objects, such as Salesforce, Zendesk Fit, Calendly, DocuSign, or Eventbrite, using ActiveCampaign, or they can construct custom objects to support their own use case. ActiveCampaign places a high priority on ensuring that clients can simply build and maintain custom objects without the need for API knowledge or development help. Many organizations don't always have the coding capacity to use custom objects since they are limited in bandwidth and support. ActiveCampaign has now democratized access to these technologies and leveled the playing field for companies of all sizes, allowing everyone to thrive and flourish. One of ActiveCampaign's core goals is to iterate on everything, all the time, which is reflected in its continual product upgrades and new features that make a great platform even better. Clients' feedback through G2 demonstrates that the technology is essential to their marketing requirements—from automation to sales interaction to landing page creation, customers continue to utilize ActiveCampaign for all of their marketing needs. ActiveCampaign dominated the attribution category in G2's Spring 2022 Report, placing first in four areas, including lead scoring, pop-up builder, and email template builder. In addition, the company ranked first or second in seven G2 categories, including marketing automation, CRM, sales engagement, landing page builder, conversational marketing, e-commerce personalization, and online form builder. This comes after ActiveCampaign ranked first in G2's Best of Software 2022 in February. “At ActiveCampaign, we know that data is at the heart of every growing business. Companies of all sizes use this information to make decisions, streamline operations and develop winning ideas that accelerate their growth. That’s why out of all the momentum at the company this quarter, a highlight is making custom objects available to our customers in app without needing API or developer knowledge. We know organizing and taking action on information about customers, prospects and sales leads is what powers every area of our customers’ businesses. We are thrilled to make this accessible.” Jason VandeBoom, founder and CEO of ActiveCampaign The Better Business Bureau also accredited the company and gave it an A+ grade. Maria Pergolino, Chief Marketing Officer of ActiveCampaign, joined the Board of Directors of BBB in March to assist bridge the gap between B2C and B2B enterprises. With the company's significant emphasis on assisting businesses in growing, Pergolino will give valuable insights into how corporations can develop better community relations. In addition to product and corporate award wins, the firm got direct input from its customers this quarter regarding the good effect CXA has on their operations. In fact, ActiveCampaign users plan to quadruple their revenue in 2022 (increasing by 100% over the following year), compared to the 3.5 percent increase witnessed with older email marketing, marketing automation, and CRM technologies. Customers like Apple Rose Beauty raised their online sales by 300 percent after working with CXA.

Read More

BUSINESS STRATEGY

ISG to Publish Reports on Analytics Platforms, Services

ISG | August 02, 2022

Information Services Group , a leading global technology research and advisory firm, has launched a research study examining platforms and services that help enterprises derive business value from exponentially growing volumes of available data. The study results will be published in a comprehensive ISG Provider Lens™ report, called Analytics Platforms 2022, scheduled to be released in December. The report will cover software vendors and solution providers offering data analytics and governance platforms for generating deep business insights. At the same time, ISG Provider Lens™ will publish the Analytics Services 2022 report, covering providers of data science, data analytics and data monetization services. Enterprise buyers will be able to use information from the reports to evaluate their current vendor relationships, potential new engagements and available offerings, while ISG advisors use the information to recommend providers to the firm’s buy-side clients. In recent years, organizations have recognized the potential of data to drive business value and growth. Both large enterprises and small and medium-sized businesses have shifted their focus from basic business data and statistical modelling to enhanced analytics and decision intelligence. They are using data to identify new revenue streams, improve customer experiences and optimize processes for operational excellence. “In the digital economy, data is an essential asset. “Some enterprises are more mature than others in their data practices, but most of them have a data-centric culture.” Jan Erik Aase, partner and global leader, ISG Provider Lens Research For the Analytics Platforms 2022 study, ISG has distributed surveys to approximately 125 analytics platform providers. Working in collaboration with ISG’s global advisors, the research team will produce two quadrants representing the analytics platform products the typical enterprise is buying, based on ISG’s experience working with its clients. The two quadrants are: Embedded Analytics and Business Analytics Platforms, evaluating providers of commercially available, off-the-shelf platforms for enterprise data reporting and visualization that can move data in multiple formats across departments and make it available for rapid analysis. Data Governance Platforms, assessing providers of readily available platforms for gathering, preparing, transforming and integrating data across organizations and their partners and customers. These platforms include features for maintaining data integrity and managing regulatory requirements, business continuity and data recovery. A list of identified providers and vendors and further details on the study are available in this digital brochure. Companies not listed as analytics platform providers can contact ISG and ask to be included in the study. For the Analytics Services 2022 study, ISG has distributed surveys to approximately 125 analytics services providers. The quadrants are: Data Science Services, covering providers of advisory and system integration services that integrate scientific methods and business context, including expertise in a client’s industry, to resolve critical business challenges. Data Engineering Services, evaluating providers of a comprehensive set of services for collecting and aggregating data from multiple sources, processing it and making it available in a structured manner. Data Monetization Services, assessing providers of consulting, system integration and managed services that help clients use data to achieve measurable monetary returns. A list of identified providers and vendors and further details on the study are available in this digital brochure. Companies not listed as analytics services providers can contact ISG and ask to be included in the study. Each report will cover analytics platform and services providers, respectively, on a global basis and in these specific geographic markets: the U.S., Brazil, Germany and the U.K. ISG analysts Maharshi Pandya and Vartika Rai (Global), Gowtham Kumar Sampath (U.S. and U.K.), Holm Landrock (Germany), and Marcio Tabach (Brazil) will serve as authors of the reports. All 2022 ISG Provider Lens™ evaluations now feature new and expanded customer experience (CX) data that measures actual enterprise experience with specific provider services and solutions, based on ISG’s continuous CX research. Enterprise customers wishing to share their experience about a specific provider or vendor are encouraged to register here to receive a personalized survey URL. Participants will receive a copy of this report in return for their feedback. About ISG Provider Lens™ Research The ISG Provider Lens™ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG's global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG's enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added in the future. About ISG ISG (Information Services Group) is a leading global technology research and advisory firm. A trusted business partner to more than 800 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries — a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data.

Read More

BIG DATA MANAGEMENT

TRG Screen Delivers Actionable Insights From Market Data Spend Information

TRG Screen | July 16, 2022

TRG Screen, the leading provider of enterprise subscription management solutions, has announced the introduction of Optimize Insights to unlock new insights and reporting capabilities within Optimize Spend, its market data management software platform. Optimize Insights sits at the heart of TRG Screen's new Optimize platform, launched in 2020. Market data teams benefit from detailed, data-driven intelligence that they can deliver to their internal business users, allowing them to fully optimize their spend and usage. While it offers an intuitive visual analytics platform for proactive market data management, it also supports other complex, high value enterprise subscriptions, such as research, telecoms, IT and software. "Market data costs are escalating and need to be controlled. Firms need sophisticated, granular and flexible insights in self-service dashboards with drilldown capabilities and interactive reports powered by business intelligence and data visualization tools. Optimize Insights delivers this and more – it's a paradigm shift. Market data teams no longer need to sift through large buckets of data to get answers they need or build their own analytics tools, instead they are delivered actionable insights that pinpoint opportunities to optimize market data spend." Richard Mundell, Chief Product Officer for TRG Screen Optimize Insights tells the story of a firm's market data subscription landscape with automated trend analysis that explains why costs are changing. It combines underlying data on spend and usage to provide tailored insights with powerful calls to action to help firms optimize market data spend. Key features in this first release allow users to see the high-level picture based on the requirements of their role before drilling into the detail, and includes: Insights Library: Specially curated library of story-based visualizations and dashboards Dashboard Studio: Interactive dashboard designer allows users to create their own dashboards. Pivot Studio: Intuitive web-based pivot table interface to manipulate underlying data with slice-and-dice drag-and-drop analytics and visualization capabilities. Optimize Insights is available to customers of Optimize Spend. It is part of the base system with nothing additional to license, securely hosted in the cloud. As a modern SaaS application, it will be continually enhanced over time, driven by customer feedback, with new features, further datasets and additional insights. Optimize is a completely flexible and scalable platform, able to deliver value to firms with only a few vendor relationships through to those managing hundreds of millions of dollars of subscriptions. TRG Screen enables more than 500 organizations worldwide to monitor and manage their high value enterprise subscriptions, delivering up to 30% cost savings. About TRG Screen TRG Screen is the leading provider of enterprise subscription management solutions. Founded in 1998, TRG Screen is uniquely differentiated by its ability to monitor both spend and usage of data and information services including market data, research, software licenses, consulting and other corporate expenses. TRG Screen's solutions provide its customers with full transparency into their vendor relationships and their subscription spend and usage, enabling them to optimize their enterprise subscriptions. TRG acquired Priory Solutions in 2016, Screen Group in 2018, Axon Financial Systems in 2019, and Market Data Insights in 2020 and with these acquisitions is now positioned as the global market leader in the financial, legal and professional services markets. TRG Screen's product portfolio includes subscription spend, usage, enquiry and compliance solutions.

Read More