Identity data intelligence firm GBG has achieved significant recognition by clinching the ‘Best Anti-Fraud Solution’ at the Credit & Collection Technology Awards 2017.
Their cutting-edge GBG Instinct solution outperformed competitors, ushering in a new era of fraud prevention for world-leading banks.
The innovative GBG Instinct solution works by comparing user-provided information during registration against extensive identity reference data. These include account numbers, previous applications, card details, and even past behaviours. This comprehensive database allows businesses to make swift, risk-based decisions tailored to their specific criteria. Such capabilities ensure no disruptions for legitimate customers while identifying fraudulent activities effectively.
The Credit & Collection Technology Awards 2017 celebrated pioneers in technology and innovation within the credit and collections sector. GBG’s achievement is particularly noteworthy as it signifies leading advancements in enhancing technology that supports optimal customer outcomes.
As application fraud rises, the methods employed by criminals are becoming more sophisticated. GBG’s technological approach emphasises continuous innovation to stay ahead in fraud detection.
Freddy Arthur, GBG DecTech Strategic Lead, UK & Europe, remarked, ‘With application fraud on the increase, the techniques used by criminals are continuing to evolve.’ His statement underlines the necessity of adaptive technologies to combat this growing threat.
GBG Instinct not only combats fraud but also enhances operational efficiency by reducing manual processes. By integrating multiple layers of data, the solution minimises the occurrence of false positives, safeguarding businesses’ reputations.
Such efficiency allows for a more streamlined process, enabling businesses to focus on growth while maintaining robust security measures.
Global banks leverage GBG Instinct to protect themselves against fraud while maintaining customer satisfaction. The technology’s user-friendly design ensures that companies can quickly implement and adapt the system according to their unique needs.
By enabling swift decision-making, GBG Instinct empowers businesses to stay ahead of potential fraud risks, ensuring customer trust is upheld.
The continuous evolution of fraud detection technologies is imperative, as fraudsters regularly develop more advanced tactics. The dynamic nature of GBG Instinct demonstrates a commitment to staying one step ahead of potential threats.
GBG’s award-winning solution reaffirms the company’s dedication to leading the charge in innovative anti-fraud technology.
Winning the ‘Best Anti-Fraud Solution’ title is a testament to GBG’s impact in the anti-fraud arena. The acknowledgment encourages further advancements and solidifies their position as industry leaders.
In conclusion, GBG’s triumph at the Credit & Collection Technology Awards highlights its pivotal role in advancing fraud prevention.
The company’s innovative solutions, like GBG Instinct, continue to set industry benchmarks, ensuring security and efficiency for businesses worldwide.