DataVisor Expands Operations to Meet Growing Demand for Fraud Detection Solutions in EMEA

Region Ripe for Innovative Fraud Detection After Recent Regulatory
Changes

MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/AI?src=hash” target=”_blank”gt;#AIlt;/agt;–DataVisor,
the award-winning company delivering comprehensive AI-powered fraud
management solutions across industries, today announced expanded
operations in EMEA to address the growing need for its solutions. The
company has emerged as a leader in fraud management solutions globally
and is seeing more demand in the region.

DataVisor already has great traction in the area – several household
names in leading marketplaces and in gaming use DataVisor to detect and
prevent fraud. Now, the company has its sights on banking and financial
services, as GDPR settles in and newer payment flows as a result of PSD2.

“Fraud is a growing problem for companies in banking and financial
services globally and particularly in EMEA as merchants and banks adapt
to regulatory changes from GDPR and PSD2,” said Dr. Yinglian Xie, chief
executive officer at DataVisor. “Today, would-be fraudsters are using
increasingly sophisticated methods and tools to commit cybercrimes, and
it is exceedingly difficult to block their efforts.”

Richard Biss, who recently joined DataVisor as head of Operations for
EMEA, said: “We are in a great position to expand our presence in EMEA
as we are in some of the most challenging times for organisations trying
to address and remediate against the constant threats from sophisticated
organised crime syndicates.”

“I’m looking forward to leading DataVisor’s continued success in one of
the most challenging periods for fraud management in the EMEA region,”
said Biss. “With continued growth of online banking, CNP transactions
and third-party payment frameworks, cyber-enabled fraud continues to be
a key battleground for financial services. As we see these new fronts
unfold, we also see a great opportunity to grow our presence in the
region by continuing to work with our customers and educating the
financial community on mitigating these threats.”

The DataVisor Platform combines transformational AI and machine learning
technologies to correlate fraudulent and suspicious patterns across
billions of accounts in real-time. Patented and proprietary unsupervised
machine learning approach works without ‘labelled’ input data to
automatically detect new and previously unidentified fraud and abuse
patterns, making it perfect for keeping up with unknown and
sophisticated fraud attacks.

To learn more, DataVisor CEO and co-founder Dr. Yinglian Xie will be
presenting at Money2020 Europe on June 5th at 2:10 PM on the
Industry Transmutation Stage. Find more information here.

About DataVisor

DataVisor is the leading fraud detection platform powered by
transformational AI technology. Using proprietary unsupervised machine
learning algorithms, DataVisor restores trust in digital commerce by
enabling organizations to proactively detect and action fast-evolving
fraud patterns, and prevent future attacks before they happen. Combining
advanced analytics and an intelligence network of more than 4B global
user accounts, DataVisor protects against financial and reputational
damage across a variety of industries, including financial services,
marketplaces, ecommerce, and social platforms.

Contacts

Sarah Shkargi
[email protected]

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