LendAPI Marketplace - Fraud Detection - Effectiv

Identity Verification

Effectiv

Effectiv is a real-time fraud & risk management platform for FIs and Fintechs. We enable AI-driven solutions for business onboarding, customer onboarding, transaction monitoring, underwriting, authentication events, and more.

About Effectiv

Effectiv offers a comprehensive solution as an end-to-end fraud and risk management platform tailored specifically for Financial Institutions (FIs) and Fintech companies. By leveraging advanced technology and data analytics, Effectiv empowers organizations to combat fraud effectively throughout the entire user journey.

From the moment a user is onboarded, whether they are individual consumers or businesses, Effectiv provides robust tools to verify identities and assess risk factors. Through sophisticated algorithms and data analysis, the platform helps organizations make informed decisions about whether to approve or flag suspicious accounts during the onboarding process.

Moreover, Effectiv centralizes fraud strategies, making it easier for institutions to manage and adapt their defenses as new threats emerge. This centralized approach allows for the seamless integration of fraud prevention measures across multiple channels and stages of the user lifecycle.

When it comes to transactions, Effectiv covers a wide range of financial activities including wires, ACH transfers, checks, card transactions, and instant payments. By continuously monitoring these transactions in real-time, the platform can quickly detect anomalies or suspicious patterns indicative of fraudulent behavior. This proactive approach enables organizations to intervene promptly and mitigate potential losses.

Effectiv also tracks user events such as logins and changes to PINs or passwords. By analyzing user behavior and detecting deviations from normal patterns, the platform can identify potential security breaches or unauthorized access attempts. This proactive monitoring helps organizations prevent unauthorized account access and safeguard sensitive information.

In essence, Effectiv empowers FIs and Fintechs with the tools they need to stay ahead of evolving fraud threats. By combining advanced technology with comprehensive risk management strategies, the platform enables organizations to protect their assets, uphold regulatory compliance, and maintain trust with their customers. With Effectiv, organizations can effectively mitigate risks across the entire user lifecycle, ensuring a secure and seamless financial experience for all stakeholders.

For more information. please visit: effectiv.ai

Contact @ Effectiv

LendAPI - Marketplace - Effectiv Co-Founder & CEO Ravi Sandepudi

Ravi Sandepudi, Co-Founder & CEO | Email: ravi@effectivai.com

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© 2024 All rights reserved

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© 2024 All rights reserved