Making Better Fraud Decisions with Contextual Data

Financial institutions are drowning in an ocean of data; geo-location, type of mobile device, transaction history, place of last ATM withdrawal and much, much more. Too much data becomes meaningless, too little and you’re looking at your customer and their transaction through a straw. Available information must be incorporated appropriately so that you ask the right questions, at the right time, utilizing the right data. In this presentation we’ll show how right-sizing the quantity of data and selecting the most appropriate data for the decision in hand leads to more accurate fraud detection, fewer false positives, lower friction and better customer experiences. Our partners Outseer, will illustrate the impact that this new approach can have in the World of 3-D Secure 2.