Integrated fraud detection monitors all user activities during a session and generates a risk assessment for fraud prevention.
One of the most important tasks of companies is the secure storage of end user data. Banks, for example, want to reduce the risk of fraud in order to minimize financial losses and avoid reputation damage or monetary fines for violating directives.
Fraud management is a security and monitoring concept, which facilitates a structured approach to corporate crime. Fraud prevention protects company processes from fake identities, identity theft, account takeovers, friendly fraud, and all other fraud patterns.
80%
Risk assessment systems reduce manual processing expenses by up to 80%.
Nevis offers integrated fraud detection, which monitors every user activity during a session. In contrast to user authentication, which only occurs during registration, we generate a risk assessment for each user activity during a session. It is based on behavioral biometrics, geolocation, and device information. Using this risk score, we can stop unauthorized takeovers while they are happening. The risk rating is forwarded to the payment fraud system to help make better decisions about payment release.
Integrated fraud detection reduces financial losses, like costs for tracing potential fraud using end user support systems. It protects against malware attacks, which are only activated after authentication.
Even complex, socially engineered Remote Access Trojan attacks (RAT) are detected. Customers also benefit from lower costs for fraud prevention since a risk assessment system (risk score) reduces manual processing expenses by up to 80%.
This type of security and monitoring concept should be implemented in the banking sector in particular, but also in insurance, healthcare, e-commerce, and telecommunications.
«Nevis support was exceptional at all times. And that also makes Nevis an ideal service provider for implementing SSO solutions in hospitals.»
Access management in combination with identity management makes it possible to grant or revoke user access to digital data, services, and applications.
Identity management matches user identities with their respective user rights and facilitates access to the approved resources.
Passwordless authentication facilitated by tools like Face ID or fingerprints increases security and user-friendliness.
Authentication using a number of different methods increases security compared to systems with simpler password authentication.
Optimal data protection and transparency for users thanks to simple consent/rejection of terms and conditions and automatic compliance with all guidelines.
Transaction confirmation provides an additional level of security on top of authentication for things like online payments.
Anomalies in user behavior can be detected with user behavior analytics to prevent and avert unauthorized data access.
Integrated fraud detection monitors all user activities during a session and generates a risk assessment for fraud prevention.
Self-services offer users the option to manage their data and user account settings themselves.
Best-in-class companies have transformed their organization by focusing on the customer. Nevis helps you deliver an exceptional cross-channel customer experience that is more human and efficient - from the first trusted, hyper-personalized experience to a happy customer and beyond.