As financial institutions continue to face increasing threats from cybercriminals, Effectiv offers a solution that streamlines fraud detection without disrupting the user experience. In this startup showcase, we’ll dive deeper into what sets Effectiv apart and how they’re revolutionizing fraud detection in the financial industry.
The Power of Next-Gen Fraud Management
For financial institutions, keeping up with the ever-evolving landscape of fraud can be a daunting task. Traditional fraud management solutions often require a lot of resources and can create friction for good users. With Effectiv, they offer a platform that is designed to reduce the barriers to entry and streamline the deployment of fraud detection strategies.
Out-of-Box Solutions for Financial Institutions
Effectiv offers out-of-box solutions that are specifically designed for financial institutions. Their platform comes with an easy-to-use, no-code, orchestration and rule engine along with pre-built integrations to all industry-standard data and intelligence providers. This allows financial institutions to easily deploy and adapt fraud detection strategies without any added friction for customers. And with an AI-assisted case management system, investigators can increase efficiency and quickly identify and manage suspicious activity.
Powerful Reporting and Analytics
The Effectiv platform also offers a powerful reporting and analytics dashboard, which provides insights into the performance of fraud detection strategies. This allows financial institutions to make data-driven decisions and continuously improve their fraud detection efforts.
Experience and Expertise
With a founding team that has over 30 years of combined experience building risk mitigation systems, including experience at Google, PayPal, Walmart, and Simility (which was acquired by PayPal), Effectiv brings a wealth of knowledge to the table. This experience has allowed them to develop fraud detection solutions for large banks such as US Bank, Synchrony, Discover, Zions, Itau, and Santander, making them a trusted partner in the financial industry.
Effectiv is changing the game for fraud detection in the financial industry with their no-code platform and focus on reducing friction for good users. Whether you’re a small community bank or a large international institution, Effectiv is built to streamline your fraud detection processes and keep your customers safe. To learn more, visit their website or connect with them on social media.
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