Enterprise verification specialist Dotfile has teamed up with fraud prevention agency Trustfull.
The partnership will combine Trustfull’s risk-scoring API inside Dotfile’s enterprise verification platform to assist companies struggle artificial id fraud.
Headquartered in Paris, France, Dotfile demoed its expertise at FinovateEurope 2024 in London.
Finish-to-end enterprise verification firm Dotfile has partnered with fraud prevention agency Trustfull to assist struggle an artificial fraud downside that analysts consider will price companies $23 billion by 2030.
“Because the strains between AML compliance and fraud prevention proceed to blur, monetary establishments are more and more in search of built-in options to assist them keep forward of threat with out compromising consumer expertise,” Dotfile CEO Vasco Alexandre stated. “In Trustfull, we’ve discovered the perfect associate to satisfy that want. Our groups share a transparent imaginative and prescient for safe, seamless onboarding and a deep dedication to customer-centricity, making our collaboration successful from day one.”
Artificial id fraud takes place when fraudsters mix genuine and counterfeit private info to create pretend consumer profiles and bypass commonplace id verification checks. The partnership will combine Trustfull’s risk-scoring API inside Dotfile’s enterprise verification platform. This may allow shoppers to establish artificial identities and different suspicious habits discreetly and in actual time. Trustfull’s AI brokers leverage the evaluation of a whole bunch of open supply intelligence datapoints from customers’ cellphone numbers, emails, IP addresses, and net domains to flag high-risk signups and bolster KYC, KYB, and AML workflows.
For companies onboarding clients at scale—corresponding to conventional and challenger banks, BNPL suppliers, crypto platforms, and fee suppliers—the brand new built-in resolution from Dotfile and Trustfull will assist them discover a stability between efficient fraud preventing and a seamless buyer expertise. Trustfull’s threat scoring performance is presently obtainable to each new and current Dotfile clients, offering a unified resolution that mixes threat scoring, fraud prevention, ID verification, UBO mapping, AML screening, and onboarding workflows in a single streamlined providing.
“Getting onboarding proper is non-negotiable for at this time’s digital firms,” Trustfull CEO Marko Maras stated. “By integrating Trustfull’s threat scoring resolution inside Dotfile’s market-leading platform, we’re giving fintechs a single, built-in strategy to detect and cease artificial identities and high-risk customers on the first touchpoint with the client, stopping fraud whereas defending signup conversion in a single single step.”
Trustfull analyzes digital footprint knowledge from buyer interactions to assist companies cut back threat and speed up progress. The corporate’s expertise leverages mixed and silent cellphone, e mail, IP, gadget, browser, and area checks to establish fraud and monetary crime throughout the client journey. Based in 2020 and headquartered in Milan, Italy, Trustfull receives a couple of million API requests a day, and leverages 500+ open knowledge sources to offer a 95% fraud detection charge. With greater than $13 million in capital raised, Trustfull counts ING Financial institution, Scalapay, and Elavon amongst its enterprise shoppers.
Headquartered in Paris, France, and based in 2021, Dotfile demonstrated its end-to-end enterprise verification platform at FinovateEurope 2024. Dotfile’s expertise allows companies to streamline the verification and onboarding course of, mechanically evaluating threat profiles and addressing and managing threat in actual time. Corporations utilizing Dotfile’s platform can automate KYB and AML processes, cut back fraud, entry high quality knowledge, and safe compliance all from a single platform.
Dotfile serves greater than 80 monetary establishments throughout 15 nations. With 3x year-over-year income progress, the French fintech has raised €8.5 million ($9.8 million) in funding from traders together with Serena Capital and Seaya Ventures.
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