Kompliant, a provider of intelligent automation, has announced a partnership with Equifax’s digital solutions team to integrate Kount solutions for fraud and risk management.
This collaboration aims to enhance the merchant underwriting process by incorporating advanced fraud detection tools.
The partnership will enable Kompliant to access Kount Payment Fraud solutions, which utilise artificial intelligence, including both supervised and unsupervised machine learning, to analyse data from online transactions.
Kompliant CEO Leo Patching said: “Our partnership with Equifax arrives at a crucial time when businesses must stay ahead of increasingly sophisticated fraud tactics while navigating complex regulatory environments.
“By enhancing our powerful workflow automation tools with AI-driven fraud detection capabilities from the Equifax Kount Payment Fraud solutions, we’re providing financial institutions with a comprehensive solution that not only safeguards against fraud but also streamlines risk management processes, enhances operational efficiency, and supports data-driven decision-making.”
The growth of eCommerce has introduced both opportunities and challenges for businesses, including an increase in fraud.
Kount Payment Fraud solutions offer merchants a comprehensive view of transactions and use machine learning to automate approval and decline decisions, which can reduce operational costs and support scalability in fraud operations.
Equifax Kount payments sales senior vice president Scott Przybyla said: “Our goal is to help manage clients’ exposure to risk and quickly and effectively reduce fraud, all while maintaining the customer experience. Together with Kompliant, we’re empowering financial institutions to drive their organisation’s growth without compromising their security.”
