Fideo Intelligence™ Launches to Combat Fraud with Unique Data Solutions and Advanced Identity Intelligence
June 18 2024 - 8:00AM
Business Wire
Fideo helps platforms mitigate risk with
real-time actionable intelligence
Today, a breakthrough identity intelligence company—Fideo
Intelligence™ (Fideo)—has launched to transform the fight against
fraud. Inspired by the concept of “Fides Publica,” or public faith,
Fideo is enabling intelligence-informed decisions for the public
good. Fraud has been proliferating and costing businesses billions
of dollars annually1. Identity verification and anti-fraud
platforms combating and investigating these crimes struggle to keep
pace due to fast-moving fraudsters and limited data sources. Fideo
is mission-obsessed with helping these platforms identify and
prosecute fraudsters with its real-time actionable intelligence and
industry-leading speed and accuracy.
Fideo’s powerful intelligence identifies more accurate digital
personas by fusing digital, transactional, behavioral,
device-related, geospatial, and historical fraud data together to
give platforms the ammunition needed to keep pace with potential
fraudsters. The company’s proven, patented continuous learning
engine offers a sophisticated approach to analyzing interconnected
data, in which businesses can uncover anomalies and patterns,
enhancing the ability to identify and prevent fraud.
"As companies transform digitally, verifying the authenticity of
identity information is more challenging than ever. Fraudsters use
a mix of real-world information from a mixture of people to create
synthetic identities that are becoming increasingly difficult to
detect,” said Chris Harrison, CEO of Fideo Intelligence. “With
Fideo, we aim to tackle this problem head-on by providing advanced,
real-time data that continuously evolves to outpace fraudulent
activities. Our goal is to empower businesses with the tools they
need to identify and prevent fraud, ensuring a safer and more
secure digital environment for everyone."
The Fideo team has experience across financial institutions,
insurers, retailers, and healthcare providers, bringing together
unparalleled knowledge about the safety and security of data and
how to use first- and third-party data signals to detect anomalies
related to the identity of consumers. The combination of the
strength of the Fideo team with patented entity resolution
technology gives a competitive advantage to Fideo’s customers. By
integrating seamlessly with existing anti-fraud systems, Fideo
provides the breadth and depth of identity signals that businesses
need to elevate identity verification, risk assessments, and fraud
detection to new heights.
Among key benefits, Fideo aims to enhance fraud protection
across various sectors by:
- Enhancing fraud platforms with unique, scalable data,
improving risk algorithms, and ensuring the safety of financial
transactions.
- Seamlessly verifying identities within financial software
platforms to ensure the safety of financial transactions.
- Providing early warning signals to communications
companies to protect onboarding processes from fraudulent
activities.
- Enabling real-time research and link analysis for the
intelligence community to identify potential threats and
improve investigative capabilities.
- Mitigating potential losses for merchants and small and
mid-sized businesses (SMBs) from bad actors and synthetic fraud
with comprehensive identity verification.
For more information about Fideo and its innovative solutions,
visit www.fideo.ai.
About Fideo Intelligence™
Fideo Intelligence™ (Fideo) is an Intelligence company backed by
Baird Capital, Blue Note Ventures and Foundry Group. The company
provides crucial intelligence to protect people, businesses, and
communities, and powers real-time data solutions and identity
intelligence for platforms serving the fraud, finance, and
insurance sectors, communication companies, the intelligence
community, and SMBs. Fideo’s trusted intelligence safeguards people
and customers, protects revenue, simplifies security, informs
algorithms and helps businesses conduct thorough investigations.
Learn more at www.fideo.ai.
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1
Federal Trade Commission, 2023
Fraud Data and Analysis, Published: February 9, 2024
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version on businesswire.com: https://www.businesswire.com/news/home/20240618832583/en/
Media contact The Fletcher Group for Fideo Geoff Renstrom
geoff@fletchergroupllc.com 208-871-9280