Today FiVerity announced both the official launch of the company and the commercial availability of its latest AI-powered anti-cyber fraud product, SynthID™ Detect. These announcements were made online at the ACFE Anti-Fraud Leadership Summit, the premier event for fraud leaders hosted by the industry’s largest anti-fraud organization.
SynthID™ Detect helps banks, credit unions, credit card providers and other financial service providers fight synthetic identity fraud (SIF) by recovering 35% of previously undetected fraud.
The team is very proud of this announcement. It’s a great accomplishment after months of research, product planning and engineering, customers implementations, marketing prep and much more. Woot Woot!
FiVerity and SynthID™ Detect is gaining strong customer adoption with its new solution. Many types of financial institutions need new tools to fight SIF – the fastest-growing type of cyber-fraud, projected to cost financial services firms $12 billion this year.
Stay tuned for more information and announcements about the company, our products and people.