DataVisor, Q6 Cyber to Improve Fraud Detection

DataVisor, a real-time fraud and risk management platform using AI and machine learning, recently partnered with Q6 Cyber, a cyber and fraud threat intelligence provider. Together, they will centralize relevant threat intelligence data in a single platform to increase fraud detection accuracy.

The companies said Q6 Cyber’s proprietary threat intelligence boosts DataVisor’s existing signals, providing financial institutions with a holistic analysis of all relevant transaction data and signals in one centralized platform, simplifying fraud and risk decisioning. Q6 Cyber continuously monitors online sites, marketplaces, communities, and forums where hackers and fraudsters congregate. It also includes P2P messaging apps and other cybercrime infrastructure.

DataVisor’s Fraud and Risk Management platform allows financial institutions to process numerous digital and data signals, including Q6 Cyber’s threat intelligence data, in real-time and leverage a multi-layered detection strategy using rules, device intelligence and advanced machine learning approaches. DataVisor’s platform allows for extensive third-party financial data integration, including identity and credit data, AML screening data, ID verification, and digital device and behavioral intelligence, translating data into actionable decisioning for proactive protection.

Taken together, these efforts enable financial and other institutions to preempt various financial crimes, including check, payment card, ACH and wire fraud and mule activity.

“Our partnership with Q6 Cyber marks another milestone in our commitment to revolutionize fraud and risk management for financial institutions,” said Yinglian Xie, co-founder and CEO at DataVisor. “The ability to receive and process critical fraud and financial crime data in real-time is essential to fighting fraud proactively.

“Most legacy tools are not designed to ingest or process data effectively, and there can be delays in integrating the data because of the significant amount of IT resources required. This results in a reactive response to fraud attacks, opening up the business to threats and vulnerabilities and extensive fraud losses.”

“At Q6 Cyber, we are committed to staying at the forefront of cyber and fraud intelligence and delivering proactive solutions to help our partners combat evolving threats,” said Eli Dominitz, CEO of Q6 Cyber. “Together with DataVisor’s modern AI-based platform, we are helping financial institutions stay a step ahead of increasingly sophisticated fraudsters.”

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