The Quadrant Knowledge Solutions SPARK Matrix™ provides competitive analysis and ranking of leading Enterprise Fraud Management (EFM) vendors.
Feedzai, with its comprehensive technology and customer experience management, received high marks on the technology excellence and customer impact metrics.
MIDDLETON, Mass., October 11, 2022 /PRNewswire/ — Quadrant Knowledge Solutions today announced that it has named Feedzai, the first RiskOps financial risk management platform, as “Technology Leader” 2022 in the SPARK Matrix: Enterprise Fraud Management (EFM), 2022.
Quadrant Knowledge Solutions’ SPARK Matrix™ includes detailed analysis of global market dynamics, key trends, vendor landscape and competitive positioning. The study provides competitive analysis and ranking of leading technology vendors in the form of its SPARK MatrixMT. The study offers strategic insights for users to assess the capabilities of different vendors, competitive differentiation, and market position.
According Pradnya GugaleAnalyst at Quadrant Knowledge Solutions“Feedzai’s Transaction Banking Fraud (TFB) solution provides robust real-time omnichannel fraud prevention and protection through its enhanced scoring capabilities, which use device, behavioral and transactional models, to combat against complex and emerging types of fraud With its unified platform strategy, proven machine learning models, strong profile segmentation, and continued focus on amplifying digital trust, Feedzai continues to gain a competitive edge in the Enterprise Fraud Management market.” “With its sophisticated global EFM offerings, strong customer value proposition, and strong strategy and roadmap, Feedzai has maintained its leadership position and received high marks on technology excellence and customer impact metrics in the SPARK 2022 matrix.MT: Enterprise Fraud Management (EFM),” adds Pradnya.
“Fraud prevention and detection is increasingly difficult these days and therefore much more difficult for traditional vendors. Some of today’s challenges involve real customers, using their devices and channels, but under the influence of others,” said Pedro BarataFeedzai product manager. “These new realities were one of the reasons that led us to create our RiskOps platform. This unique approach ensures that financial institution teams around the world have a single platform to manage everything related to risk in real time. fraud and financial crime. It enables institutions to build greater trust and security for customers and faster identification of criminals. We are redefining the way companies operationalize risk, with a lasting positive impact for more than 900 million of people in the world.
Quadrant Knowledge Solutions defines Enterprise Fraud Management (EFM) as:
“Software that provides comprehensive real-time risk monitoring and analysis of all transactions and the application of controls to identify internal and external fraud across all users, accounts and channels. It provides comprehensive analysis of the behavior of users across accounts and linked users across channels to help organizations identify malicious behavior, including abuse, criminal activity, compliance violations, and corruption. company help organizations combat risk, minimize loss, ensure regulatory compliance and optimize operational efficiency across the organization and entities.
An EFM solution helps organizations by providing comprehensive, real-time risk monitoring and analysis of all transactions and identifying internal and external fraud spanning all users, accounts and channels. Additionally, EFM solution providers are focused on improving their technology value proposition by improving the performance of their machine learning models and leveraging automation and advanced analytics to improve accuracy and speed. fraud detection, fraud investigation and triage. The primary goal of EFM solutions is to improve the customer experience and give organizations confidence to focus on the revenue optimization strategy rather than the fight against fraud. An advanced EFM platform helps implement an effective fraud management strategy and delivers core value propositions including effective fraud detection and prevention, minimizing fraud losses, improving effectiveness of fraud investigations and improving the digital experience for customers. In addition to protecting organizations from reputational and financial damage, an advanced EFM solution also helps organizations comply with ever-increasing global regulations. Therefore, the need for such advanced fraud prevention solutions will increase in the future.
● For more information about Feedzai, visit here
Feedzai is the world’s first RiskOps platform and the market leader in global trade protection with the most advanced cloud-based risk management platform to date, powered by machine learning and artificial intelligence. Feedzai secures the transition to a cashless world while enabling digital trust in every type of transaction and payment. The world’s largest banks, processors and retailers trust Feedzai to protect trillions of dollars and manage risk while improving customer experience for everyday users, without compromising privacy. Feedzai is a Series D company and has raised $282 million nowadays. With a valuation of +$1.5 billion, the company’s technology protects 900 million people in 190 countries. For more information, visit feedzai.com
About Quadrant Knowledge Solutions
Quadrant Knowledge Solutions is a global consulting and advisory firm focused on helping clients achieve their business transformation goals through business strategy and growth consulting services. At Quadrant Knowledge Solutions, our vision is to become an integral part of our client’s business as a strategic knowledge partner. Our research and advisory deliverables are designed to provide comprehensive insights and strategic insights to help clients formulate growth strategies to survive and thrive in ever-changing business environments.
For more research available, please visit https://quadrant-solutions.com/market-research/
Show original content:https://www.prnewswire.com/news-releases/feedzai-positioned-as-the-leader-in-the-2022-spark-matrix-for-enterprise-fraud-management-efm-by-quadrant-knowledge- solutions-301645582.html
SOURCE Quadrant Knowledge Solutions