TIDMD4T4
RNS Number : 8660B
D4T4 Solutions PLC
15 June 2021
15 June 2021
D4t4 Solutions Plc
Expansion into new sector with launch of the Celebrus Fraud Data
Platform
D4t4 Solutions Plc (AIM: D4t4, "the Group" or "D4t4"), the
AIM-listed data solutions provider, is today launching the Celebrus
Fraud Data Platform (FDP) to support businesses in protecting their
customers in real-time across all digital touchpoints. This is the
result of two years' design and development work and approximately
GBP1.5m of investment by the Group and sees D4t4's initial launch
into the large and growing market of fraud protection software,
estimated to be worth currently $18+ billion per annum.
Using automated behavioural biometrics to eliminate fraud around
the three core fraud use cases of Account Opening, Account Takeover
and Payment Processing, FDP is able to identify potentially
fraudulent signals in real-time so as to pre-empt occurrence,
enabling enterprises to improve their fraud management processes,
avoid losses, reduce reputational damage and help with
identification of fraudsters even before a fraud has taken place.
FDP helps businesses protect their customers through:
-- Behavioural biometrics and analytics which provide seamless
detail about users as they navigate digital channels;
-- Insights that signal unusual online interactions in real-time
to identify fraud across the customer journey;
-- Integration to existing fraud detection and investigation
systems to identify and prevent multiple fraud types;
-- Complete control to quickly adapt to evolving threats.
FDP overcomes the widespread industry challenge of the need for
better real time data, as fraudulent activity continues to increase
exponentially and fraudsters become increasingly sophisticated.
Fraudulent activity has increased significantly with the growth in
e-commerce during the pandemic, whilst a survey by KPMG among
leading financial institutions globally found that more than half
have experienced an increase in fraud volume recovering only 25% of
fraudulent losses and that more than 60% of banks reported a rise
in fraud value.
As FDP is a true first-party solution, the data it captures and
contextualises is owned by and embedded in an organisation's own
digital infrastructure and is therefore well positioned to capture
the granular personal details needed to build profiles for real
time fraud detection. It provides risk indicators and scorecards,
real-time data capture of behavioural biometrics across all digital
devices, the ability to replay sessions and investigate in detail
individual digital profiles, all in a secure and compliant
manner.
FDP expands D4t4's reach further into the key verticals of
financial services, insurance, and retail and opens the door to new
and expanded partnerships in the Fraud Management Sector. At
launch, D4t4 Solutions has today announced key integrations of FDP
with Teradata, SAS, and Quantexa with more expected to follow. The
roll out of FDP will be supported by go-to-market strategies
including the recruitment of a new specialist fraud team and a new
"go loud" marketing and PR campaign with an international agency to
bring this new product to market globally.
FDP is expected to drive modest initial recurring revenues in
the first year of launch. As well as the initial GBP1.5m investment
in FDP (the vast majority of which has been expensed in prior
years) the launch will incur significant expenditure in the current
financial year for the Group as it grows the team and increases
awareness of the brand globally. Customer and partner interest
levels are encouraging, with several currently using and evaluating
the technology.
The Board looks forward to reporting results for the year to 31
March 2021 on 29 June 2021.
Pete Kear , CEO of D4t4 Solutions commented:
" We're experiencing the perfect storm. With dramatic shifts to
digital commerce over the last year and an increase in cyber
threats, organisations across banking, retail, household goods,
entertainment and others must work tirelessly to fend off
fraudsters. Driven by customer demand and the culmination of two
years' development work the launch now of D4t4's solution is
therefore timely indeed.
Expanding into the risk and fraud vertical is a logical step for
us and provides D4t4 with access to a growing $18 billion market.
We are proud to offer a capability that we believe no other
industry player can, in a data-secure, compliant way. The FDP is an
outstanding addition to the Celebrus product suite and is testimony
to the talent we have within D4t4."
Ivan Heard, Global Head of Fraud Solutions, Quantexa stated:
"We are excited to be collaborating with D4t4 Solutions. The
combined capabilities of their Celebrus Fraud Data Platform and
Quantexa's market-leading Entity Resolution and Network Analytics
platform technology will fundamentally transform anti-fraud efforts
in the future. We're delighted to be working closely with them on
strategically important initiatives. "
Mikael Bisgaard-Bohr , VP-Industry, Teradata EMEA said:
"As customer experiences become increasingly digitized, so does
online fraud. Connecting Celebrus FDP with the Teradata multi-cloud
platform Vantage addresses this challenge. Together, we're helping
a joint client to detect and prevent tens of millions of dollars in
online fraud per year. While these results have been achieved by
focusing on the first of many fraud types, we know enterprise
analytics platforms offer a far bigger opportunity.
"Our combined approach takes the unique and powerful behavioral
insights that Celebrus provides and brings them together with
Teradata's market-leading real-time decisioning, scoring, and
machine learning capabilities in Vantage. This enables our clients
to detect and prevent fraud before losses are incurred. An
additional plus for the connected offering is to deliver an
uninterrupted experience for genuine customers."
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014, as retained and applicable in
the UK pursuant to S3 of the European Union (Withdrawal) Act 2018
("MAR").
Enquiries
D4t4 Solutions Plc +44 (0) 1932 893333
Peter Kear, Chief Executive Officer moreinfo@d4t4solutions.com
Bill Bruno, Deputy Chief Executive Officer
finnCap (Nominated Adviser & Joint Broker)
Julian Blunt / Emily Watts, Corporate
Finance
Alice Lane, ECM +44 (0) 20 7220 0500
Canaccord Genuity (Joint Broker)
Simon Bridges / Andrew Potts +44 (0) 20 7523 8000
Instinctif Partners +44 (0) 20 7457 2020
Rozi Morris / Hannah Campbell D4t4Solutions@instinctif.com
About D4t4 Solutions plc
D4t4 Solutions plc (www.d4t4solutions.com) provides data
solutions through its Celebrus suite of products and services,
which is comprised of two distinct complementary offerings - its
proprietary Customer Data Platform (CDP), Customer Data Management
(CDM) solution, and the newly launched Fraud Data Platform (FDP).
The Celebrus family of products offer data capture, data migration,
data synchronisation, data management and data monitoring.
Celebrus CDP is an enterprise software product which captures
customer behaviour in real time across all digital channels to
enable a range of applications including identity, customer
analytics, personalised marketing, data science, and
advertising.
Celebrus CDM is an integrated platform that automates the
ingestion, integration, transformation, and delivery of customer
data from streaming, persisted or historical sources, whether as an
appliance
on-premises or in the cloud, to deliver real-time, unified, and
trusted multidimensional views of customer data for
personalisation, risk, fraud, analytics, and recommendation
applications.
Celebrus FDP provides a single source of truth for digital data
across all devices to allow organizations to catch the fraudster
before the fraud. Backed by behavioral biometrics and analytics,
combined with the industry's most complete first-party solution to
digital identity, the Celebrus FDP protects business and their
customers from the growing threat of digital fraud around the globe
in partnership with leading fraud management solutions.
The Group has offices in the UK, USA, India and Australia with
employees across the UK, US, Europe, India and Australia. D4t4's
blue chip global customers are largely within the financial
services, retail and consumer sectors.
Celebrus is fully compliant with all major data privacy
regulations and the Group is accredited to ISO27001: Information
Security Management.
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