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16 November 2021

D4t4 Solutions Plc

D4t4 Solutions launches updates to Celebrus Fraud Data Platform

New features included for enhanced fraud detection

D4t4 Solutions Plc (AIM: D4t4, "the Group", "D4t4"), the AIM-listed data solutions provider, has launched the latest version of its behavioral biometrics Celebrus Fraud Data Platform ("FDP") with the new features of Tamper-proof Geolocation¹, Time Series Anomaly Detection² and Sense and Trace³.

The updates to Celebrus FDP are designed to ensure banks, insurance companies, retailers and other organisations can protect their consumers from online fraud while also providing a positive user experience. The platform was first released in June 2021 and has since been updated with advanced features to seamlessly prevent scams, given the proliferation of this type of fraud around the globe.

With the continual development of technology, fraud happens faster than ever before, and organisations need better data to stop fraud attempts and deliver the positive customer experience that consumers expect.

A study⁴ by Juniper Research predicts that online payment fraud losses will reach $206 billion by 2025. The research also found that spending on fraud detection and prevention platform services will exceed $11.8 billion (€9.9 billion) globally in 2025, from $9.3 billion (€7.8 billion) in 2021.

Bill Bruno, CEO of D4t4 Solutions, commented:

"The increased threat of online payment fraud to industries like banking, retailers and entertainment, combined with the ongoing evolution of digital commerce, has made it more important than ever before for businesses to protect their consumers and detect anomalous activity in real-time. As we build our customer pipeline in this space, these latest updates enhance our product offering and make Celebrus FDP even more effective in identifying the fraudster before the fraud."

¹ Tamper-proof Geolocation

D4t4 customers can detect if users are attempting to hide their identity, and can respond in real-time to prevent fraudulent activity.

² Time Series Anomaly Detection

This is a fully customisable anomaly detection technology which uses machine learning and data orchestration to better identify issues across a customer's digital channels. It can set acceptable ranges and outcomes to alert the business to anomalies outside of the set criteria. This includes detecting elevated levels of fraud attempts that may reveal Distributed Denial of Service attacks or vulnerabilities and faults within their digital infrastructure. The technology links to other models across a customer's organisation, allowing a holistic and integrated approach to fraud detection and prevention.

³ Sense and Trace

This capability allows organisations to better follow the activity of mule accounts often used by fraudsters to steal victims' money. With Sense and Trace, Celebrus FDP captures granular data and profiles digital activity in real-time to discover compromised identities. There are two components to Sense and Trace that ultimately ensure more fraud is detected in a timely manner. These are

·      Identity search - this follows the trail from compromised identities to their mule accounts and onwards to find other compromised identities.​

·      Trip wire - sets an alarm on known mule accounts for when they are next used (for example, adding the mule account as a payee).

⁴ Juniper Research

Online payment fraud losses to exceed $206 billion over the next five years; driven by identity fraud

https://www.juniperresearch.com/pressreleases/online-payment-fraud-losses-to-exceed-206-billion 

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About D4t4 Solutions plc

D4t4 Solutions plc (AIM: D4t4) was founded around a passion for helping global enterprises derive value from their data assets.

Supporting customers in financial services, retail, travel, healthcare, and telecommunications across 27 countries, D4t4 enables businesses to make smarter, informed decisions via Celebrus, the company's flagship first party product suite. Celebrus CDP automatically captures, contextualises, and activates user-based behavioural data in real-time across all digital channels. Through behavioural biometrics and analytics, Celebrus FDP helps companies prevent fraud before it happens. Celebrus CDM provides an enterprise platform that automates the integration and transformation of customer data from all relevant data sources, whether on-premises or cloud, to deliver customer and regulatory analytics.

The Group has offices in the UK, USA, India, and Australia with key talent in all markets to drive the growth of the business. Celebrus is fully compliant with all major data privacy regulations and the Group is accredited to ISO27001: Information Security Management.

For more information, please see www.d4t4solutions.com