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This partnership combines Fingerprint's precise device intelligence with Oscilar's innovative, no-code AI for risk management, addressing the critical need for secure yet convenient financial transactions.
With digital payment fraud losses projected to reach $343 billion by 2027, and the average U.S. consumer using multiple fintech apps, the collaboration aims to fortify fintechs against fraud.
Fingerprint's technology offers a unique identifier for user interactions, enhancing decision-making, while Oscilar's platform streamlines risk policy deployment without heavy reliance on IT resources.
This strategic alliance not only boosts security and efficiency but also enhances the customer journey, paving the way for safer, smoother fintech experiences.
Our Opinion:
The Oscilar and Fingerprint partnership appears to be a well-conceived solution that addresses the key challenges faced by fintech companies in the realm of fraud prevention and risk management. The combination of advanced technologies and a customer-centric approach suggests that this offering could be a valuable tool for businesses looking to fortify their defenses against fraud while maintaining a seamless customer experience. As such, it may be worthwhile for companies in the fintech space to further explore the capabilities and potential benefits of this partnership.
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