DataVisor Launches Fraud Prevention Solution on Finastra’s FusionFabric.cloud

By AIT News Desk On Aug 31, 2021

Comprehensive solution discovers and stops fraud attacks for financial institutions

DataVisor, a company that delivers the most sophisticated AI-powered fraud management solutions, announced that its enterprise solution is available for purchase through Finastra’s FusionStore. The AI-based modeling application will enable financial institutions to benefit from integrated signals, third-party data and heterogeneous data sources, to minimize financial loss and deliver the most superior fraud detection.

The FusionStore marketplace enables Finastra’s customers worldwide to access, test, purchase and deploy certified solutions on top of Finastra core systems, helping them to quickly realize the benefits and deliver added value to their customers.

Built on industry-leading core technologies and harnessing an extensive catalog of open APIs, DataVisor has developed a next-generation fraud detection solution that uses a machine learning approach to help businesses combat various types of fraud and abuse. DataVisor Enterprise analyzes attributes such as user behavior, IP address, email, device information and more, to identify fraud patterns across all accounts and activities with high accuracy and at scale. The solution connects to Finastra’s Fusion Global PAYplus product for quicker deployment and easier implementation.

Yinglian Xie, CEO and Co-founder at DataVisor, said, “DataVisor’s solutions use the most advanced machine learning technologies to manage complex digital risk signals and fraud behavior analytics at big data scale. With Finastra’s FusionFabric.cloud, we’ve expanded the channels through which enterprises can directly obtain our services. Our mission is to empower large enterprises to identify and prevent even the most sophisticated attacks, reduce friction for good users to drive growth, and enable customers to launch new products and features safely. We are now able to deliver on these goals more broadly.”

Vincent Pugliese, SVP and General Manager of Platform at Finastra, said, “A new solution hitting the FusionStore is an exciting moment for us and our partners. It marks the point at which an innovative idea becomes a reality that can benefit financial institutions worldwide. Our customers are seeking out innovation from fintechs such as DataVisor to consume quickly and easily through the FusionStore. We welcome DataVisor to the FusionFabric.cloud platform as we continue building the next wave of financial services solutions in collaboration with our partners.”

Using Finastra’s open APIs, developers can create solutions that address business challenges across the financial services spectrum, including retail banking, payments, transaction banking, corporate banking, lending, treasury and capital markets.