One of the greatest competitive advantages a company has today is the ability to verify and approve good customer transactions as fast as possible, while at the same time decreasing the business' risk of fraud.
According to Frost and Sullivan, online spending soared from $3.4 Trillion in 2019 to over $4.2 Trillion in 2020, with over two billion people buying products or services online.But so are fraudsters becoming more sophisticated than ever.
Merchants who still use manual fraud prevention techniques to combat increasingly sophisticated threat actors may one day find their losses from false declines outweigh fraud loss savings.
Frost and Sullivan teamed up with Ekata to look at the overall eCommerce market, how it's changed since the pandemic, and examine where it is forecasted to go in the next several years.
Download the whitepaper to learn more.
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.
Over 2,000 Customers Worldwide
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.
Optimise Manual Review Queues
Make faster risk decisions and approve more good transactions.
Avoid Lost Revenue
Decline the fraudulent transactions while approving more good customers.
About Ekata
Ekata provides global identity verification solutions via enterprise-grade APIs for automated decisioning, and Pro Insight, a SaaS solution for manual review. Ekata’s product suite is powered by the Ekata Identity Engine (EIE), the first and only cross-border identity verification engine of its kind. It uses complex machine learning algorithms across the five core consumer attributes of email, phone, name (person or business), physical address, and IP, to derive unique data links and features from billions of real-time transactions within the Ekata proprietary network and the data licensed from a broad spectrum of global providers. Businesses around the world including Alipay, Microsoft, and The Hut Group leverage our product suite to increase approvals of more good transactions, reduce customer friction at account opening, and find fraud.
- Award-Winning Global Identity Verification Solutions
- 120% Retention Across over 2,000 Customers
- Cross-Border Verification Spanning 238 Countries & Territories
- Industry-Leading Customer Support
Copyright 2021 Ekata