Neuro-ID, which works in behavioral analytics, debuted its ID Crowd Alert and ID Orchestrator products on Wednesday (Feb. 16), which it says will help with identity screening.
According to a press release emailed to PYMNTS, this will help with optimizing orchestration and will bolster fraud detection. This will also be working alongside identity platforms and enterprise clients needing high levels of identity screening like know your customer (KYC), anti-money laundering (AML) and fraud stacks, and will add more visibility.
CEO Jack Alton said this was a timely venture which went along with the massive amount of identity fraud hitting many companies these days.
While there used to be less visibility that impeded the balance between fraud screening and a customer experience, Alton said his company wanted to change that.
“Our two new products offer a one-two punch to address this imbalance,” Alton said in the release. “ID Crowd Alert provides the industry’s first proactive monitoring and alerting for fraud rings and BoT attacks, and our ID Orchestrator product screens applicant-level identity at scale to deliver broad visibility into pre-submit behavior and the manner in which a customer has entered their PII.
“Together, the solutions help companies stem fraud-related losses while also safeguarding their most valuable asset: the customer onboarding funnel.”
PYMNTS wrote recently that healthcare has seen some rifts exposed because of the pandemic, particularly surrounding identity.
Read more: Telehealth Growth Raises Data, Digital Identity Concerns
Healthcare providers are seeing inefficiencies in their systems that contain a lot of sensitive data, including duplicate medical records and personal fraud. To combat this, big players are waking up to the fact that they need to get more serious about patient matching issues.
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