MOUNTAIN VIEW, CALIFORNIA – (COMMERCIAL THREAD) –DataVisor, the leading fraud detection company with transformational AI technology-based solutions, has been named a representative supplier by Gartner® Market guide™ for online fraud detection, published on July 12, 2021.1 According to the report, representative suppliers represent “what is at the heart of the market, what expands it and what will transform it”. Gartner also recognized DataVisor’s investment in device identification capabilities.
In its latest Market Guide, Gartner shares its findings and recommendations for effective online fraud detection (OFD) in 2021. To determine the best representative vendors in the OFD space, Gartner assessed market players for their innovative capabilities and their prospective product strategy, as well as the number of inquiries Gartner has received on the supplier for digital fraud use cases, and whether the suppliers represented particular market segments or geographic regions. With its comprehensive AI-powered SaaS platform and deep expertise in the financial services industry, DataVisor has met all requirements.
“We believe that being recognized in 2021 in the Gartner Market Guide for Online Fraud Detection provides further validation of the strength and effectiveness of our innovative and comprehensive platform,” said Yinglian Xie, co- founder and CEO of DataVisor. “Our online fraud detection solution is designed to handle complex digital signals and behavior analysis, using the most advanced machine learning technologies at the scale of big data. We continue to provide industry-leading capabilities to help the financial services organizations we serve keep pace with rapidly evolving digital fraud, while improving operational efficiency and increasing their return on investment. ”
In the guide, Gartner advises security and risk management executives to seek to improve the ROI of their OFD tools by implementing a comprehensive risk management strategy and capabilities that support critical cases. ‘use of proof of identity and authentication. They also recommend choosing a vendor that can deliver value across a range of capabilities and reduce deployment times and operational costs in banking use cases through SaaS-based transaction monitoring.
DataVisor’s comprehensive platform takes a multi-layered approach to protect against financial fraud throughout the customer account lifecycle. DataVisor customers were able to detect up to 60% more fraud with 95% accuracy, while removing friction from the customer experience and increasing operational efficiency up to 5x.
A full copy of the Gartner Market Guide 2021 can be downloaded here. To learn more about DataVisor’s digital fraud solutions portfolio, visit www.datavisor.com.
Gartner does not endorse any vendor, product, or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner makes no warranty, express or implied, with respect to this research, including any warranty of merchantability or fitness for a particular purpose.
DataVisor is the world’s leading AI-powered fraud and risk platform that offers the industry’s best global detection coverage. With an open SaaS platform that supports easy consolidation and enrichment of all data, DataVisor’s solution adapts infinitely and enables organizations to act in real time on fraud activity and rapidly evolving money laundering business. Its patented unsupervised machine learning technology, advanced device intelligence, powerful decision engine and forensic tools work together to deliver guaranteed performance improvement from day one. DataVisor’s platform is designed to support multiple use cases across different business units in a flexible manner, dramatically reducing total cost of ownership, compared to existing point solutions. DataVisor is recognized as an industry leader and has been adopted by many Fortune 500 companies around the world.