Outseer provides a transactional risk management platform that utilizes predictive AI and consortium data to prevent payments fraud in real-time. The platform enhances fraud detection and customer authentication for financial institutions, achieving over 95% fraud catch rates while maintaining a customer challenge rate of less than 5%.
Funding
Funding not disclosed
Founders
Product
Problem
Financial institutions face increasing challenges in preventing online payments fraud while maintaining a seamless customer experience. Traditional fraud detection systems often result in high false positive rates, leading to unnecessary customer friction and lost revenue. The dynamic nature of fraud requires continuous adaptation and access to comprehensive threat intelligence.
Solution
Outseer provides a transactional risk management platform that leverages predictive AI and consortium data to enhance fraud detection and customer authentication for financial institutions. The platform analyzes various data signals to identify fraudulent activities in real-time, enabling proactive fraud prevention. By utilizing machine learning models trained on a global data network, Outseer accurately distinguishes between legitimate and fraudulent transactions, minimizing disruptions to genuine customers. The platform orchestrates data signals, consolidates workflows, and optimizes customer experience for both authentication and payment interactions.
Target Audience
Outseer primarily serves financial institutions and payment service providers seeking to reduce fraud losses, improve customer experience, and maintain compliance with evolving security standards.
Features
- Predictive AI and machine learning models for real-time fraud detection
- Global Data Network providing consortium-based fraud intelligence
- Fraud & Authentication Orchestration Platform to consolidate workflows and decisioning
- Support for 3-D Secure protocol to minimize fraud and maximize card transaction approvals
- Rapid detection and takedown of external threats, including phishing attacks and scams
- Behavioral biometrics to enhance authentication processes
- Policy engine to help prevent fraud and ensure a more secure digital banking journey