Neuro-ID is a leading analytics platform that focuses on providing actionable insights to reduce and detect fraud and other online threats.
In February, the innovative startup launched two new identity-focused products called ID Crowd Alert and ID Orchestrator, both of which focus on helping enterprises screen identity at scale, enhance fraud detection, and optimize orchestration. The new products will work in tandem with the brand's other identity tools, offering organizations powerful new visibility into pre-submit behavioral data, allowing them to better screen for fraud identities.
"ID Crowd Alert provides the industry’s first proactive monitoring and alerting for fraud rings and BoT attacks, and our ID Orchestrator product screens applicant-level identity at scale to deliver broad visibility into pre-submit behavior and the manner in which a customer has entered their PII,"
Advanced Identity Screening Tools
Neuro-ID Launches Two New Products to Enhance Fraud Detection
Trend Themes
1. Advanced Identity Screening - Neuro-ID's ID Crowd Alert and ID Orchestrator products provide new ways to screen identity at scale, enhancing fraud detection and optimizing orchestration.
2. Proactive Fraud Monitoring - ID Crowd Alert, the first proactive monitoring and alerting product for fraud rings and BoT attacks in the industry, presents an opportunity for disruptive innovation in financial and e-commerce industries.
3. Pre-submit Behavioral Data Analysis - The new products' ability to deliver visibility into pre-submit behavior of customers and applicants can lead to disruptive innovation in the insurance and healthcare industries for better risk assessment and fraud prevention.
Industry Implications
1. Financial Services - ID Crowd Alert's fraud monitoring and detection capabilities can revolutionize fraud prevention and detection in the financial services industry.
2. E-commerce - BoT attacks on e-commerce platforms have become increasingly sophisticated, making ID Crowd Alert a promising innovation opportunity for e-commerce businesses to protect their platforms from fraudulent activity.
3. Insurance - The ability to analyze pre-submit behavioral data can be a game changer for insurance companies in detecting and preventing fraudulent claims.