Machine learning, orchestration and improved fraud detection accuracy capabilities designed to de-risk Asia’s fast-evolving digital onboarding needs for growing financial institutions
- Media OutReach - 30
January 2020 - GBG (AIM:GBG),
the global technology specialist in fraud & compliance management, identity
verification and location data intelligence, today announced the launch of four
fraud solutions, including its flagship Instinct Hub now as a platform solution.
Businesses across the globe are enabled to onboard quality customers more
swiftly, while simultaneously protecting their organizations and their
customers against losses from fraud and financial crimes in an increasingly
complex digital landscape.
in two enterprises in Asia Pacific are falling victim to fraud, money
laundering, or other forms of financial crime.
Financial institutions find themselves facing unprecedented diversity of
application and transactional channels -- from branch to online and e-wallets. These
channels and criminal activities are evolving at a speed and complexity that these
enterprises, and the financial institutions that support them, are hard-pressed
to keep up with," said June Lee, Managing Director of APAC, GBG.
"To aid in
that fight, GBG offers a layered digital fraud and compliance solution which unifies
data across vertical silos to improve financial crime detection accuracy across
the customer journey. Straight through process across identity verification
(KYC/AML) onboarding and transaction phases onboard good actors faster; coupled
with machine learning it all in all increases online fraud detection by 30
percent and reduces false positives by up to 20 percent -- giving business
leaders a truly holistic approach to defending their customers and de-risking
GBG offers a series of solutions that help organizations
quickly validate and verify the identity and location of their customers.
Our innovative technology leads the world in location
intelligence and fraud detection. Our products are built on an unparalleled
breadth of data obtained from over 200 global partners which helps us to verify
the identity of 4.4 billion people globally.
Our headquarters are in the UK and we have over 1,000 team
members across 16 countries. We work with clients in 72 countries including
some of the best-known businesses around the world, ranging from US e-commerce
giants to Asia's biggest banks and European household brands.
find out more about how we help our clients establish trust with their
customers, visit www.gbgplc.com/apac,
follow us on Twitter @gbgplc or LinkedIn.