PORTLAND, Ore.--(BUSINESS WIRE)--iovation, the Device Reputation Authority™ protecting online businesses from fraud and abuse, today announced its sponsorship of the Financial Services Technology (FST) Summit held October 4-6, 2011, in Lisbon, Portugal. The FST Summit brings together senior executives from Europe’s major financial institutions, to take part in three days of interactive panel discussions, workshop presentations and one-to-one business meetings.
As a sponsor of the European summit, iovation will be meeting with major European banks and financial institutions to share information on the latest online fraud trends and best practices for fraud prevention in retail banking and commercial banking. Having helped online businesses fight cyber crime since 2004, iovation has assessed risk on more than 6 billion online transactions and actively partners with leading credit issuers, foreign exchange service providers and banking clients to stop account takeovers, identity theft, ACH or debit fraud, credit application fraud and more.
ReputationManager 360, iovation’s device reputation service, is adept at recognizing a wide variety of devices touching financial services sites, from older PCs to the latest mobile phones and Android tablets. Its device reputation and risk profiling service assesses risk posed by any web enabled device in real-time. Many of iovation’s financial services clients layer device reputation with authentication, which helps identify and prevent organized criminal rings from defrauding institutions while maintaining client satisfaction, minimizing friction and client support calls, and ensures a competitive position in a challenging marketplace.
Financial institutions use iovation’s customizable business rules to trigger high risk and suspicious activity and rules are frequently adjusted as new threats emerge. Real-time business rules can be set to automatically trigger an alert (or a deny, review or allow response) on a variety of categories, including geolocation, velocity, use of a proxy, the device’s previous fraud history, pre-defined watch lists, age-based indicators, device anomalies and profile risk.
For those planning to attend the FST Summit in Lisbon, please take time out of your schedule to meet with Max Anhoury, iovation’s Vice President of Global Sales, to learn more. For other European financial services executives wanting to see a demo of how iovation’s fraud prevention service helps detect and stop fraud, please email info@iovation.com.
About iovation
iovation, protects online businesses and their end users against fraud and abuse through our industry-leading combination of shared device reputation and real-time risk evaluation. 2,000 fraud managers around the globe leverage iovation’s database of Internet devices and relationships between them to determine the level of risk associated with any type of online transaction. Retail, financial services, social network, gaming and other companies make real-time queries to iovation’s knowledge base of 700 million devices from every country in the world. Every day, iovation protects more than 8 million transactions and stops over 150,000 fraud attempts. For more information, visit www.iovation.com.