IDology Announces Partnership With ThreatMetrix For Powerful Identity And Fraud Prevention
ATLANTA, Sept. 19, 2017 /PRNewswire/ -- IDology announced today that it has joined the ThreatMetrix Connect program by integrating the ExpectID® identity verification solution into the ThreatMetrix fraud, identity and authentication platform. This new partnership was announced on the opening day of the Digital Identity Summit 2017 in San Francisco.
ThreatMetrix customers can now benefit from plug-and-play access to additional identity verification services from IDology. A pre-built connector to the ExpectID API means that it can be seamlessly invoked based on the risk profile of the transaction. This risk profile is based on unique analysis from ThreatMetrix Digital Identity Network® on the legitimacy of the user's true identity.
The integration will enable improved identity verification across multiple industries including financial services, payments, lending, e-commerce, insurance, healthcare, travel organizations and more. By combining ExpectID--IDology's robust and flexible identity verification solution--with the ThreatMetrix digital identity platform, organizations will be able to accelerate the modernization of their identity verification and authentication processes to better meet the needs of today's digital consumers.
"Identity verification today is as much about removing friction from legitimate customers as it is about stopping fraud. Today's consumers are mobile-enabled, they want seamless transactions and they want them fast. IDology and ThreatMetrix are both focused on enabling modern digital experiences while still performing KYC and stopping fraud," said Chris Luttrell, senior vice president of Operations at IDology.
The integration will bring together IDology's powerful ExpectID solution--that gives organizations the ability to verify a broader spectrum of customers including thin credit file, unbanked and underbanked populations--with the ThreatMetrix authentication, digital identity and fraud decisioning capabilities. The ExpectID platform, known for its ability to help organizations drive revenue through pinpoint verification and fraud detection, will give ThreatMetrix customers a more powerful and flexible stack of identity verification and fraud prevention solutions.
"At ThreatMetrix, we offer digital businesses end-to-end identity, fraud and authentication orchestration to help them protect against rising cybercrime--while offering their users a slick user experience. Partnering with IDology has enabled a key enhancement to our identity verification services, which can be uniquely combined with dynamic, global shared intelligence from the ThreatMetrix Digital Identity Network. By working together, we help organizations to understand the true identity of their users with unprecedented accuracy," said Alisdair Faulkner, chief products officer at ThreatMetrix.
Through the IDology integration, ThreatMetrix customers will now have access to enhanced fraud mitigation through the IDology Collaborative Fraud Network. By leveraging consortium fraud data from the IDology network, organizations will be better equipped to segregate fraudulent transactions from legitimate customers, ultimately improving customer acquisition and lowering occurrences of application and account takeover fraud. ThreatMetrix will also utilize IDology's ExpectID Score solution that includes IDology's proprietary Adaptive Scoring(TM) process that leverages ExpectID attributes to accommodate a broad spectrum of scoring scenarios.
About ThreatMetrix
ThreatMetrix®, The Digital Identity Company®, empowers the global economy to grow profitably and securely without compromise. With deep insight into 1.4 billion anonymized user identities, ThreatMetrix ID(TM) delivers the intelligence behind 75 million daily authentication and trust decisions to differentiate legitimate customers from fraudsters in real time.
ThreatMetrix is recognized as the sole Leader in the 2017 Forrester Wave(TM) for risk-based authentication. Learn more at www.threatmetrix.com.
About IDology
IDology provides real-time technology solutions that verify an individual's identity and age for anyone conducting business in a consumer-not-present environment to help drive revenue, decrease costs, prevent fraud and meet compliance regulations. Founded in 2003, IDology offers a solution-driven approach to identity verification and fraud prevention that ultimately helps increase customer acquisition and improve the customer experience. IDology has developed an innovative and on-demand technology platform that allows customers to control the entire proofing process and provides the flexibility to make configuration changes that are deployed automatically--without having to rely on internal IT resources or IDology's customer service so businesses can stay ahead of the fraud landscape while maintaining compliance. For more information, visit www.IDology.com or call 866-520-1234.
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SOURCE IDology
