Ascend Fraud Sandbox identifies undetected portfolio risk to reduce fraud, drive growth
Experian Wins Platinum Award for Identity Verification Innovation in Juniper Research’s 2024 Future of Digital Awards
Michael Troncale
Experian Public Relations
+1 714 830 5462
michael.troncale@experian.com
Experian today announced its Ascend Fraud Sandbox won the Platinum Award for Identity Verification Innovation in Juniper’s 2024 Future of Digital Awards, which recognizes the vendors that are revolutionizing today’s financial landscape and shaping tomorrow’s innovations. The Identity Verification Innovation category honors the leading players in the anti-fraud, security and fraud prevention markets.
"Our Future Digital Awards aim to recognize products at the forefront of innovation and Identity Verification is a highly contested category,” said Nick Maynard, head judge for the awards and vice president of Fintech Market Research at Juniper. “Ascend Fraud Sandbox’s ability to identify wider trends and go into granular detail on identities by using Experian's massive data sets is one of the primary reasons we felt it was well-deserving of the Platinum Winner."
Ascend Fraud Sandbox empowers organizations to analyze data, identify new fraud patterns, and quickly build, test and deploy models. This technology enables financial institutions to dramatically enhance their fraud detection capabilities, leading to higher approval rates for online deposit accounts and at the same time as they reduce fraud-related losses.
“Winning the highest award for Identity Verification Innovation underscores the transformative power of Ascend Fraud Sandbox to help financial institutions to quickly operationalize new data-driven insights to combat today’s fast-evolving AI-driven fraud,” said Alex Lintner, CEO of Technology, Software Solutions and Innovation, Experian. “With this cutting?edge solution, our customers can harness the power of data and analytics to navigate the digital world with confidence and security.”
The sandbox operates with more than 10 billion identity and fraud events that include applications, login activities, transactions and much more. It continuously incorporates tens of millions of new events each day. Coupled with the sandbox’s advanced analytics and real?time decisioning solutions, this expansive dataset helps detect fraud patterns even when identities are manipulated and enables users to stay ahead of increasingly sophisticated fraud attempts, especially those driven by artificial intelligence (AI).
This recognition from Juniper Research continues the awards momentum for Ascend Fraud Sandbox. Last October, it won the Gold Award for AI in Fraud Prevention Innovation in Juniper’s 2023 Future of Digital Awards for Fintech and Payments. In September 2024, Ascend Fraud Sandbox ranked in the top spot for IDC’s Real Results Awards for Bank Deposit Transformation.
About Experian
Experian is a global data and technology company, powering opportunities for people and businesses around the world. We help to redefine lending practices, uncover and prevent fraud, simplify healthcare, deliver digital marketing solutions, and gain deeper insights into the automotive market, all using our unique combination of data, analytics and software. We also assist millions of people to realize their financial goals and help them to save time and money.
We operate across a range of markets, from financial services to healthcare, automotive, agrifinance, insurance, and many more industry segments.
We invest in talented people and new advanced technologies to unlock the power of data and innovate. As a FTSE 100 Index company listed on the London Stock Exchange (EXPN), we have a team of 22,500 people across 32 countries. Our corporate headquarters are in Dublin, Ireland. Learn more at experianplc.com.
Experian and the Experian marks used herein are trademarks or registered trademarks of Experian and its affiliates. Other product and company names mentioned herein are the property of their respective owners.
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