Adeptra and ValidSoft have forged a commercial and technology partnership to help retail banks detect and prevent fraud.
ValidSoft delivers real-time proximity-based solutions, products to identify compromised SIM cards and mobile-based fraud detection capabilities. Adeptra’s suite, including Decision Engine, combines and analyses disparate consumer-related data sets to determine whether the consumer needs to be contacted, and in what way.
The relationship extends Adeptra’s fraud detection footprint. These new capabilities include ATM location-based services, smartphone proximity services and ways to detect and prevent SIM swapping. Lou Venezia, CEO of Adeptra, says: “We are committed to maintaining our technical and market leadership through product and partner innovation. Our relationship with ValidSoft is a combination of both. The combination of their impressive fraud detection technology with the rich and powerful functionality of the Adeptra Decision Engine means we offer the most complete fraud management and customer communication solutions on the market.”
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