Archer is an anti-fraud network that connects data from multiple financial institutions to identify suspicious activities in real time, protecting against threats like fake identities and phishing. By enabling risk sharing and automated threat detection, Archer addresses the challenge of fraudsters using the same profiles across different companies, enhancing security and data privacy for users.
Funding
Funding not disclosed
Founders
Product
Problem
Financial institutions face challenges in detecting fraudulent activities due to fraudsters using the same profiles and techniques across different companies. Limited data on new users and the time-consuming nature of manual reviews further exacerbate the problem, while constantly evolving cyber threats require continuous adaptation.
Solution
Archer is an anti-fraud network that connects data from multiple financial institutions to identify suspicious activities in real time, providing protection against threats like fake identities and phishing. By enabling risk sharing across institutions, Archer checks whether users have been flagged elsewhere, automating and personalizing threat detection. The platform ensures confidentiality for both companies and users while providing real-time threat updates to combat evolving cybercrime.
Target Audience
Archer primarily serves neobanks, wallets, remittance services, payment processors, and lending institutions seeking to enhance their fraud detection capabilities and protect against financial cybercrime.
Features
- Cross-company fraud detection by connecting data from multiple financial institutions.
- Real-time protection against fake identities, phishing, and other cyber threats.
- Automated and personalized threat detection.
- Risk sharing across financial institutions to identify previously flagged users.
- Continuous security monitoring.
- End-to-end encryption for data privacy.
- ISO 27001 certification ensuring a high level of data security.