Bunking is a social marketplace that connects like-minded people through flexible shared living stays and once-in-a-lifetime travel experiences. Due to the nature of its business, Bunking needed help creating an onboarding process that would safeguard the trust and safety of its platform while minimizing friction, so as not to deter sign-ups.
In this case study, we explore how Ekata’s account opening solution empowered Bunking to employ risk assessments in real-time to create different user workflows based on risk profile. With this solution, Bunking was able to quickly and confidently weed out bad actors while maintaining a seamless onboarding experience for good customers.
Ekata’s expanded account opening solutions
Provide risk assessments in real-time to onboard more customers at scale while stopping fraud in its tracks — making it the perfect solution for ecommerce companies and marketplaces.
Made possible by the proprietary
Ekata Identity Engine
Sophisticated data science and machine learning, the Ekata Identity Engine combines two proprietary datasets, the Ekata Identity Graph and the Ekata Identity Network. These datasets are built around core identity attributes that are transformed into unique and valuable insights that allows businesses to accurately make risk decisions about their customers.
Join 2,000+ secure customers
Key Benefits
Improve Approval Rates
Verify more legitimate interactions to grow and retain your customer base.
Reduce Chargebacks
Catch more fraud to protect your bottom line.
Optimize Manual Review Queues
Make faster risk decisions and approve more good transactions.
Avoid Lost Revenue
Decline the fraudulent transactions while approving more good customers.
Award Winning Global Identity Verification Solutions
120%
Retention
2,000
Satisfied Customers
238
Countries and Territories
200M
Monthly Anonymous Queries
About Ekata
Ekata Inc., a Mastercard company, empowers businesses to enable frictionless experiences and combat fraud worldwide. Our identity verification solutions are powered by the Ekata Identity Engine, which combines sophisticated data science and machine learning to help businesses make quick and accurate risk decisions about their customers. Using Ekata’s solutions, businesses can validate customers’ identities and assess risk seamlessly and securely while preserving privacy. Our solutions empower more than 2,000 businesses and partners to combat cyberfraud and enable an inclusive, frictionless experience for customers in over 230 countries and territories.
