In the ever-evolving landscape of commerce and financial transactions, the battle against fraud has become increasingly complex. Traditional rules-based methods of fraud detection often fall short of identifying sophisticated fraudulent activities promptly. Fortunately, advanced predictive modeling technology has become widely available to support businesses in their quest to combat transaction fraud.
This report presents a market overview of solution providers in the predictive modeling space focused on transactional fraud (i.e., models developed to detect fraud in card payments and A2A transactions). It is based on findings of Datos Insights research and in-depth briefings with 12 major vendors involved with predictive modeling: ACI Worldwide (ACI), DataVisor, Featurespace, Feedzai, FICO, Kount (an Equifax company), LexisNexis Risk Solutions, Mastercard (Brighterion AI), SAS, Sift, Signifyd, and SymphonyAI. The data collection was completed in February 2024, after which each vendor was asked to fact-check the results.
Clients of Datos Insightsโ Retail Banking & Payments and Fraud & AML service can download this report.
This report mentions Microsoft, NCR, SWIFT, TSYS, Visa, and Worldpay.
About the Author
Ron van Wezel
Ron van Wezel is a Strategic Advisor inย Retail Banking & Payments for Datos Insights, providing research and advisory services to clients globally. His coverage includes payments, open banking, and digital transformation. Ron is a renowned expert in payments and digital banking. He brings to Datos Insights over 30 years of experience in product development and innovation, advising clients on a...
Other Authors
Becki LaPorte
Becki LaPorte is a Strategic Advisor in the Fraud & AML practice at Datos Insights, covering the spectrum of financial crime matters. Becki brings more than 25 years of financial crime compliance and business experience. She spent several years working in the banking industry before transitioning her career to the securities industry. She served as an Associate Director and Lead...
Gabrielle Inhofe
Gabrielle Inhofe is a Senior Associate with Datos Insightsโs Fraud & AML team. Her primary interests include cryptocurrency, artificial intelligence, and EU policy. Prior to joining Datos Insights, Gabrielle worked in Strategy and Global Regulations at cybersecurity company OneSpan, where she wrote the 2022 Global Financial Regulations Report. Gabrielle has a Masters in Advanced European and International Studies from the...