Oscilar and Jumio Announce Strategic Partnership to Enhance AI-Driven Fraud Detection and Identity Verification in Digital Onboarding

Oscilar, a leading provider of AI Risk Decisioning solutions, is pleased to announce a strategic partnership with Jumio, the leading provider of AI-driven identity verification, risk signals and compliance solutions. This collaboration marks a significant step forward in strengthening the fight against fraud and enhancing the security of digital identities.

"Striking the right balance between minimizing fraud risk and reducing customer friction is crucial in digital onboarding and credit underwriting," explained Neha Narkhede, Co-Founder & CEO of Oscilar. "The combination of Jumio's identity verification solutions and Oscilar's cutting-edge generative AI Risk Decisioning platform provides a revolutionary solution that streamlines and improves the accuracy of digital onboarding like never before."

Integrating Industry-Leading Technologies

This partnership brings together Oscilar's advanced AI Risk Decisioning platform and Jumio's sophisticated identity verification and compliance solutions to help businesses improve how they manage risks and enhance fraud capabilities. By leveraging Jumio's industry-leading insights, the partnership will deliver unparalleled fraud detection capabilities to identify synthetic identities and prevent false positives.

Key Features and Benefits of the Partnership:

• Comprehensive Fraud Detection: Combining Oscilar's AI-powered risk management platform with Jumio's identity verification solutions, which utilize biometrics, AI and machine learning, offers unparalleled accuracy in identifying fraudulent transactions. The integrated system uses advanced technology to analyze vast datasets, quickly distinguishing between legitimate and suspicious activities in real time.
• Enhanced User Experience: The advanced analytics and machine learning models employed by Oscilar and Jumio significantly reduce false positives. Jumio's solutions, which include face-based biometrics and ID verification, ensure that genuine transactions proceed unhindered, improving customer satisfaction and reducing friction in the user experience. Potentially fraudulent transactions are flagged for further review, allowing for a more targeted approach to fraud prevention.
• Streamlined Implementation: Financial institutions can benefit from quick and seamless integration of this combined solution into their existing systems. Oscilar's no-code and natural language interface allows for easy customization, enabling institutions to tailor their fraud detection strategies to their specific needs without requiring extensive engineering resources. Jumio's platform is designed for easy integration and scalability, further simplifying the implementation process.

"We are excited about partnering with Oscilar to enhance their AI-driven risk management solutions," said Robert Prigge, CEO of Jumio. "Increasingly, organizations need AI-based defenses to defeat AI-based attacks. Together, our solutions offer full lifecycle account protection to help prevent sophisticated fraud, including deepfakes and account takeover. "

About Oscilar

Oscilar, the leading provider of transformative AI-powered risk management solutions, empowers institutions to manage onboarding, credit, fraud, and compliance risks. At the heart of Oscilar's offerings is an AI-powered risk decisioning platform that analyzes vast amounts of data in real-time, identifying patterns and anomalies to detect fraud, and money laundering activities, as well as, optimize credit assessments. By leveraging advanced analytics, Oscilar enhances decision-making speed and accuracy, ensuring high security and regulatory compliance. Renowned globally for innovation and excellence, Oscilar's team of data scientists, risk management experts, and technology professionals continually push the boundaries of decision intelligence, helping a broad array of organizations, including banks, credit unions, and fintech companies, navigate complex risk landscapes with confidence.

About Jumio

Jumio helps organizations to know and trust their customers online. From account opening to ongoing monitoring, the Jumio platform provides advanced identity verification, risk signals and compliance solutions that help you accurately establish, maintain and reassert trust.

Leveraging powerful technology including automation, biometrics, AI/machine learning, liveness detection and no-code orchestration with hundreds of data sources, Jumio helps you fight fraud and financial crime, onboard good customers faster and meet regulatory compliance including KYC and AML. Jumio has processed more than 1 billion transactions spanning over 200 countries and territories from real-time web and mobile transactions.

Based in Sunnyvale, Jumio operates globally with offices and representation in North America, Latin America, Europe, Asia Pacific and the Middle East and has been the recipient of numerous awards for innovation. Jumio is backed by Centana Growth Partners, Great Hill Partners and Millennium Technology Value Partners.

For more information, please visit www.jumio.com.

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