Real-Time Identity Intelligence Solution Strengthens Fraud Detection for Payment Providers
Is the rapid evolution of payments fraud outpacing traditional controls? Fideo Intelligence, the leading AI-driven identity intelligence engine, is addressing this critical issue with the launch of Verify for Payments. This real-time identity intelligence solution is designed to help payment service providers, fintech platforms, payment processors, and financial institutions detect fraud earlier while approving more legitimate customers.
“Payments fraud is evolving faster than traditional controls can adapt,” said Christopher Harrison, CEO of Fideo Intelligence. “Synthetic identities and AI-driven attacks are designed to exploit gaps between onboarding, compliance, and fraud systems. Verify for Payments introduces a real-time identity intelligence layer that strengthens those systems upstream, enabling organizations to detect fraud earlier, approve more legitimate customers, and reduce friction across the payments lifecycle.”
Key Insights at a Glance
- Real-Time Identity Analysis: Verify for Payments performs upstream identity integrity analysis before KYC, KYB, sanctions, and PEP screening.
- Sub-Second Response Times: The solution is built for high-velocity payment workflows with sub-second API response times.
- Reduced False Positives: Verify for Payments improves customer experience by reducing false positives and manual reviews.
- Higher Approval Rates: The solution helps lower friction and disputes by approving more legitimate customers.
The Rising Threat of Synthetic Identity Fraud
Synthetic identity fraud is a major and costly threat to financial institutions, with fraudsters using automation and AI to create convincing synthetic profiles that bypass traditional KYC and onboarding checks. As global fraud losses are projected to reach $131 billion by 2030, driven largely by the rapid growth of synthetic identity fraud and AI-enabled attacks, the need for advanced fraud detection solutions is more urgent than ever.
Why the Window for Action Is Closing Fast
Just as a leak in a dam can quickly turn into a flood, synthetic identity fraud can rapidly escalate into significant financial losses. Fideo Intelligence is addressing this critical issue by introducing Verify for Payments, a solution that enhances real-time identity integrity analysis. By detecting fraud earlier and improving the accuracy of identity signals, Verify for Payments helps organizations reduce false positives, improve match accuracy, and enhance the efficiency of existing compliance systems. The time to act is now, as the cost of inaction could be devastating.
Fideo Intelligence Mobilizes Real-Time Identity Intelligence
Fideo Intelligence is mobilizing real-time identity intelligence to combat the growing threat of synthetic identity fraud. Verify for Payments is designed to mitigate synthetic identity risk by introducing real-time identity analysis before compliance systems engage. The solution delivers upstream identity integrity analysis, sub-second API response times, and deployment across onboarding, merchant vetting, account linking, and transactions. By providing explainable risk assessments and reducing false positives, Verify for Payments improves the customer experience and enhances the efficiency of existing compliance systems. Fideo Intelligence is committed to making identity risk more accurate, more explainable, and more actionable, ensuring that organizations can detect fraud earlier and approve more legitimate customers.
Future Outlook
Like a skilled navigator charting a course through treacherous waters, Fideo Intelligence is guiding payment service providers and financial institutions through the complex landscape of synthetic identity fraud. Verify for Payments is available immediately, delivering high-speed, explainable identity intelligence across billions of validated identities. By reducing fraud losses, streamlining compliance workflows, and increasing operational efficiency, Fideo Intelligence is empowering organizations to move faster and with greater confidence through bank and enterprise diligence.
Conclusion
The launch of Verify for Payments by Fideo Intelligence marks a significant step forward in the fight against synthetic identity fraud. By providing real-time identity intelligence and enhancing the accuracy of identity signals, Fideo Intelligence is helping payment service providers and financial institutions detect fraud earlier and approve more legitimate customers. Join the conversation in the comments below.
About Fideo Intelligence™
Fideo powers industry-leading fraud prevention and investigative platforms with real-time identity intelligence and advanced AI, stopping over 95 billion fraud attempts per year. Supported by Baird Capital, Blue Note Ventures, and Foundry Group, Fideo combines diverse, dynamic data sources to deliver a complete view of identity, helping organizations reduce risk, protect revenue, inform investigations, and stay ahead of evolving threats.
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