The balance between best experience and least fraud is tough to find. Too much risk means fraud and chargebacks that can hurt your bottomline. Too much security means fewer customers and more unhappy customers. What’s the balance for the best online fraud detection? Knowing who’s on the other end of the transaction is the best start, and IdentityMind helps you get there.
| Product | Mindshare (%) |
|---|---|
| IdentityMind | 0.4% |
| ThreatMetrix | 6.4% |
| BioCatch | 4.0% |
| Other | 89.2% |
IdentityMind lets you see who’s on the other end of the transaction so you can identify the good guys you want to do business with and the bad guys that you want to avoid. And, using digital identities powered by eDNA™ technology, you can get a more accurate picture of risk to enable better customer selection and fewer rejections of good customers. eDNA leverages machine learning to build trusted digital identities and analyze identities for the most accurate reputation score (risk profile) possible. Our algorithms provide reputations for each entity tailored for the industry in which you do business. And, we enable you to modify your risk process on the fly, adding in additional checks where merited.
| Author info | Rating | Review Summary |
|---|---|---|
| Sr. Fraud Analyst at a tech services company with 51-200 employees | 4.5 | I rely on this solution for automated sanctions and merchant reviews, finding its excellent checks and integrated ID scanning save significant time. Though the UI initially needed tweaking, it's stable and scalable. I highly recommend it, rating it 9/10. |
| Senior Product Manager at a tech services company with 11-50 employees | 4.0 | I used IdentityMind for automated KYC in my stablecoin startup, appreciating its rule engine and FinCEN integration. Though setup was easy and support excellent, I found transaction management and individual AML rule capabilities limited, needing better integration. |
