Relationship brings users of Kompliant
workflow automation tools access to powerful Kount AI-driven
fraud detection from Equifax to enhance compliance and
drive business growth.
SAN
JOSE, Calif., July 30,
2024 /PRNewswire/ -- Building on its promise to
provide customers with a best-in-class experience while decreasing
compliance risk, Kompliant, a leading provider of intelligent
automation, is further elevating the merchant underwriting process,
by announcing a partnership with the Digital Solutions team at
Equifax to provide the powerful suite of Kount solutions for
fraud and risk management.
Kompliant users gain access to Kount
AI-driven fraud detection from Equifax to enhance compliance and
drive growth.
The partnership will provide Kompliant access to the
Kount Payment Fraud solutions that use advanced
Artificial Intelligence, equipped with supervised and unsupervised
machine learning, to analyze data from an online purchase or
transaction.
"Our partnership with Equifax arrives at a crucial time when
businesses must stay ahead of increasingly sophisticated
fraud tactics while navigating complex regulatory
environments," said Leo Patching,
CEO of Kompliant. "By enhancing our powerful workflow automation
tools with AI-driven fraud detection capabilities from
the Equifax Kount Payment Fraud solutions, we're
providing financial institutions with a comprehensive solution that
not only safeguards against fraud but also streamlines
risk management processes, enhances operational efficiency, and
supports data-driven decision-making."
Growth in the eCommerce industry has presented many companies
with new opportunities such as revenue growth and new customers,
but it has also caused pain due to a steady rise in
fraud. Kount Payment Fraud solutions
provide merchants with a comprehensive view of transactions and
uses machine learning to set rules and automate approve and decline
decisions, lowering operational costs and driving scalability for
their fraud operations teams.
"Our goal is to help manage clients' exposure to risk and
quickly and effectively reduce fraud, all while
maintaining the customer experience," said Scott Przybyla, SVP of Kount Payments Sales,
Digital Solutions at Equifax. "Together with Kompliant, we're
empowering financial institutions to drive their organization's
growth without compromising their security."
About Kompliant
Kompliant is a pioneer in compliance orchestration with a
platform for growth-focused financial institutions. Kompliant
provides intelligent automation and solutions that power commerce
compliance. Kompliant's technology is designed to streamline risk
management, enhance operational efficiency, and support strategic
decisions through advanced data analytics. For more information,
visit kompliant.com.
Media Contact: Emily Baker, emily@kompliant.com,
202-744-7567
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SOURCE Kompliant