Experian Named a Leader in IDC MarketScape: Worldwide Enterprise Fraud Solutions 2024 Vendor Assessment
April 16 2024 - 8:00AM
Business Wire
Experian announced that the company was named a Leader in the
IDC MarketScape: Worldwide Enterprise Fraud Solutions 2024 Vendor
Assessment (doc #US51939124, March 2024). The report evaluates each
vendor’s advanced fraud detection capabilities, alignment with
customer needs, and future strategy and roadmap for innovation.
Experian offers an integrated digital identity and fraud risk
platform that delivers analytics-driven outcomes through
sophisticated orchestration. The IDC MarketScape report noted, “In
addition to evaluating the transactional data for potential fraud,
Experian's CrossCore solution includes identity-authentication
tools. The solution uses identity data, device intelligence, email
and phone intelligence, alternative identity data, biometrics,
behavioral biometrics, one-time passwords, and document
verification to confirm identities and aid with identity
protection, including synthetic identity protection. Experian
utilizes multiple data partnerships in its fraud solution, which
often can help provide a more comprehensive understanding of fraud
risks and exposures.”
“Given the IDC MarketScape’s comprehensive evaluation of
enterprise fraud vendors, we believe our recognition as a Leader
highlights how our authenticated identity data and advanced
out-of‑the-box analytics help enterprise-scale businesses protect
their consumers and assets,” said Alex Lintner, Chief Executive
Officer, Experian Software Solutions. “Our leadership in the fraud
market reflects our cohesive approach to data, decisioning, fraud,
and analytics to ensure we provide holistic solutions through
world-class capabilities in each of the markets we serve.”
The IDC MarketScape evaluates how each vendor’s fraud detection
and prevention technologies are delivered, their functionality,
increases in market share, along with an assessment of the vendor’s
innovation and overall research and development (R&D)
strategy.
“Much of my IDC research with respect to Financial Crime
Compliance has been focused on the concept of increasing
integration in vendor solutions, reducing the 'patchwork' of
solutions that can be challenging for users to integrate,” said
Sean O’Malley, Research Director, IDC. “Experian's Ascend™ platform
is a significant step towards increasing integration in Financial
Crime Compliance, especially when paired with technological tools,
like artificial intelligence and machine learning, designed to
increase automation, provide advanced analytics, and improve
models.”
“Our aim with Experian’s fraud platform and our other enterprise
offerings is to offer highly scalable solutions that evolve with
our customers as they grow and provide them with agility in their
fraud responses through a 360-degree view of consumer identity,”
said Lintner.
An excerpt of the IDC MarketScape Worldwide Enterprise Fraud
Solutions 2024 Vendor Assessment can be found here.
About IDC MarketScape
IDC MarketScape vendor assessment model is designed to provide
an overview of the competitive fitness of ICT (information and
communications technology) suppliers in a given market. The
research methodology utilizes a rigorous scoring methodology based
on both qualitative and quantitative criteria that results in a
single graphical illustration of each vendor’s position within a
given market. IDC MarketScape provides a clear framework in which
the product and service offerings, capabilities and strategies, and
current and future market success factors of IT and
telecommunications vendors can be meaningfully compared. The
framework also provides technology buyers with a 360-degree
assessment of the strengths and weaknesses of current and
prospective vendors.
About Experian
Experian is the world’s leading global information services
company. During life’s big moments – from buying a home or a car,
to sending a child to college, to growing a business by connecting
with new customers – we empower consumers and our clients to manage
their data with confidence. We help individuals to take financial
control and access financial services, businesses to make smarter
decisions and thrive, lenders to lend more responsibly, and
organisations to prevent identity fraud and crime.
We have 22,000 people operating across 32 countries and every
day we’re investing in new technologies, talented people, and
innovation to help all our clients maximise every opportunity. With
corporate headquarters in Dublin, Ireland, we are listed on the
London Stock Exchange (EXPN) and are a constituent of the FTSE 100
Index.
Learn more at www.experianplc.com or visit our global content
hub at our global news blog for the latest news and insights from
the Group.
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version on businesswire.com: https://www.businesswire.com/news/home/20240416184905/en/
Michael Troncale Experian Public Relations +1 714 830 5462
michael.troncale@experian.com
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