Equifax Acquires Kount AI Id 640m Kount Equifax Fraud Prevention Platform
Using artificial intelligence, Kount analyzes over 32 billion transactions and 17 billion devices in order to protect you from virtually fraud. The AI is able to evolve from the analysis-simplest mode to a more predictive mode and save you from the risks of fraud.
Also Read: amazon flex network error code 500
Luminate fraud platform
Equifax recently partnered with artificial intelligence (AI) company Kount to build a fraud prevention platform. The platform can analyze 32 billion digital interactions from 17 billion devices and prevent fraud. Its AI can identify the authenticity of identity and predict fraudulent transactions. This technology helps companies improve customer service, decrease chargebacks, and decrease fraud.
Kount AI Id 640m Kount Equifax was founded in 2007 and has extensive experience in AI and machine learning. Its AI helps companies make faster and more accurate decisions to prevent fraud. Kount’s solutions will be integrated into Equifax’s Luminate fraud platform. The new platform aims to manage fraud decisions across the entire consumer account life cycle.
The new Equifax fraud platform will provide fraud prevention capabilities that are tailored to the needs of businesses and the customers they serve. In addition to providing fraud prevention, the platform will also enable retailers to develop customer personas. This will allow businesses to personalize their interactions and offer new e-commerce channels.
Kount AI Id 640m Kount Equifax is a digital fraud prevention platform that connects fraud data signals from over 17 billion unique devices and 32 billion digital interactions. The platform can analyze data from more than 200 countries to detect fraudulent transactions. The system becomes more accurate and predictive as more signals are gathered. It will help businesses mitigate chargebacks and other forms of digital fraud. The integrated platform also includes Kount Command and Kount Control, which helps companies prevent account takeovers.
Luminate fraud platform consists of kount ai id 640m kount equifax
In an effort to improve its fraud prevention and identity trust capabilities, Equifax has acquired Kount for $640 million. This acquisition will strengthen the company’s global presence in digital ID and fraud prevention. Through this acquisition, the company will have access to Kount’s Identity Trust Global Network, which will connect data signals from 32 billion online interactions and five billion transactions a year with 17 billion unique devices worldwide.
Equifax plans to integrate Kount’s artificial intelligence (AI) solutions into its Luminate fraud platform. The combination of Equifax’s fraud prevention technology and Kount’s ai id 640m will help companies combat fraud by enabling them to make better decisions based on consolidated data about their customers.
Kount AI Id 640m Kount Equifax is a company founded in 2007 with a wealth of experience in artificial intelligence and machine learning. Its AI enables it to detect and block fraud by evaluating identity and payment transactions. Kount claims to have cut chargebacks by 90 percent, and to reduce the number of false positives by 70 percent. Kount partners with retailers to create transaction rules that work for them. Its analysts work with them on case-by-case reviews.
Kount AI Id 640m Kount Equifax was founded to help companies prevent fraud with artificial intelligence. Kount is a digital identity and fraud prevention company that uses AI to connect billions of digital interactions to identify suspicious behavior and avoid fraud. It also uses artificial intelligence to help businesses detect identity fraud and prevent account takeovers.
Luminate fraud platform will integrate kount’s products
The acquisition of Kount by Equifax will integrate Kount’s products into Equifax’s Luminate fraud platform. The platform is designed to orchestrate multiple fraud solutions and machine learning capabilities to address a wide range of fraud problems. The new platform will provide fraud prevention services across the lifecycle of a consumer’s accounts.
Kount is a fraud prevention platform that uses networked data to identify suspicious transactions. Its multi-dimensional Identity Trust Global Network contains signal data from over 32 billion interactions each year. This network includes data from over 50 payment processors and 75 industries. It also integrates decisions made by thousands of fraud analysts.
Kount AI Id 640m Kount Equifax uses AI to link fraud and trust data signals across its global network. The resulting data, from over 32 billion digital interactions, 17 billion devices, and five billion annual transactions, enables brands to deliver personalized experiences and prevent digital fraud. Kount’s full suite of fraud prevention products includes Kount Command and Kount Control, which prevent account takeover and protects consumers from fraudulent transactions.
In a statement, Equifax announced that it has acquired Kount for $640 million. The acquisition will allow Kount to expand its fraud prevention and protection solutions, and will integrate Kount’s products into Equifax’s Luminate fraud platform. While Kount will remain in its current location in Boise, Idaho, its employees will join Equifax’s information solutions business unit. The transaction is expected to close during the first quarter of 2019.