Equifax kount ai 640m kount luminatebrienventurebeat- Review

Equifax kount ai 640m kount luminatebrienventurebeat An agreement has been reached between Equifax, a world leader in data and analytics, and Kount, a supplier of artificial intelligence (AI)-powered fraud protection and digital identification solutions, whereby Equifax will pay a total of $640 million to acquire Kount. A record number of customer interactions are being shifted to digital channels as the world accelerates its digital transformation. As a result, new methods must be developed to establish digital identity trust in real-time to combat the growing problem of online fraud while minimizing customer friction.

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Equifax kount ai 640m kount luminatebrienventurebeat:

Through acquiring Kount, the risk-based authentication platform that leads the industry, Equifax will expand its global reach in the digital identification and fraud prevention solutions market. These solutions assist businesses in improving their relationships with their customers and cutting down on fraudulent activity. This article will give you all information about Equifax count ai 640m of luminatebrienventurebeat.

Who is Sara Graves?

As a co-founder of US Title Loans, Sara Graves is well aware of the lightning-fast rate at which the world is embracing digital technology. She claims that cutting-edge security procedures are used by US Title Loans to protect the personal information of their customers and shield them from the risk of being victims of fraud. As more of our clients shift their operations to digital platforms, they are encountering challenges in finding a balance between the requirements of authenticating users and combating online fraud on the one hand and those offering the greatest possible user experience.

Features of Equifax:

Equifax will be able to give businesses worldwide data and solutions to boost their consumers’ confidence in their online identities after they have completed the acquisition of Kount. We cannot express how ecstatic we are that Kount solutions now encompass the entire catalogue of Equifax data, analytics, and products as part of their selection of available options. The widespread presence of Equifax will make it easier for Kount to expand its operations into international markets rapidly.

Quality of customer service:

It will enable us to assist a greater number of businesses worldwide in protecting their digital innovations and customers from emerging security threats while simultaneously improving the quality of customer service they provide. Almost 9,000 of the most successful retailers and payment processors worldwide utilize Kount’s services to safeguard customer accounts, detect fraudulent activity in real-time, and personalize customer interactions.

With the help of Equifax’s data:

Consumers, companies, governments, and financial institutions can make more educated decisions with the help of Equifax’s data, analytics, and technology, making the company a global leader in these areas. They inform decisions that benefit society by utilizing their one-of-a-kind combination of data, analytics, and cloud computing. Almost 11,000 people work at Equifax in 25 countries across four continents, including the Americas, the Caribbean, Europe, and Asia.

Use of cutting-edge technology:

We combine cutting-edge technology with meticulous data examination to provide superior service to our patrons. As a consequence, businesses in every industry will be able to increase customer engagement and brand loyalty, achieve best-in-class pre- and post-authorization digital fraud protection, and safeguard themselves against fraudulent transactions, all while protecting themselves from fraud.

As a result of the merger between Kount and Equifax, more companies worldwide will be able to safeguard better their digital presence and the digital information of their consumers from new threats, all while providing a frictionless experience for their customers.” This citation comes from a news release that was issued in the year 2021.

Proper compliance in the face of inspection:

Kount and Equifax have collaborated to guarantee that you are always in compliance with the rules that are the most stringent for companies and that you are always updated about the most recent advancements in the sector. Your company’s credibility, economical line, and legal standing could all take a hit due to regulatory concerns. These problems could be avoided.

How to avoiding penalties?

As a direct consequence of this, the Comply solutions provided by Kount and Equifax aid in limiting risk, avoiding penalties, complying with data privacy standards, verifying identities, and doing due diligence. If you streamline and simplify the compliance services for AML, KYC, and PSD2, you can reduce your total cost of ownership, which is a significant financial benefit.

Bring parity to the playing field:

Only a select few of the world’s largest firms possess the resources necessary to effectively obtain, access, and use customer data on a massive scale. To democratize data and level the playing field, both Kount and Equifax employ the most cutting-edge digital enablement technologies. Kount and Equifax have independently arrived at the same conclusion: an increase follows the rise of online purchasing in the number of occurrences of digital fraud.

Developments in digital enablement:

Fraud involving digital payments, stolen identities, and fake identities are just some ways that criminals keep businesses on their toes. Other methods include identity theft. Identity theft is another approach that can be used. But, due to recent developments in digital enablement and consumer analytics, companies are now able to launch a counteroffensive and maintain their work at the forefront of their industry.

How does this Agreement benefit businesses and customers?

fraud risk indicators while retaining the highest levels of privacy and security,” as stated by the president of Equifax’s United States Information Solutions. As the acquisition of Kount moves closer to being finalized in the first quarter of 2021, Equifax aims to build upon its already strong performance in 2020.

Conclusion:

Equifax Kount ai 640m Kount Luminatebrienventurebea, a supplier of artificial intelligence-powered fraud protection and digital identities will be acquired by Equifax. In a statement to the press, executives from Equifax claimed that this acquisition would assist the corporation in expanding its presence in these regions.

Equifax has announced that they want to include the solutions that Kount has to offer in their Luminate Platform. These solutions include the prevention of e-commerce fraud, account takeovers, providing analytics and customer insights, and protecting against chargebacks. Only recently, Equifax was successful in completing the purchase of Kount.

FAQs:

Why Is Equifax’s Recent Purchase of Kount Such a Big Deal?

Equifax has announced that it will purchase Kount for $640 million. Kount is a startup that provides artificial intelligence-driven fraud protection and digital identity services.

Why is it so important to make this purchase, considering Equifax?

Equifax will be better positioned to communicate with customers and protect them from fraudulent activity as it establishes a broader worldwide footprint in the digital identity and fraud solutions market. It is becoming increasingly important as more and more businesses move online.