Chartis Research Acknowledges INFORM, Naming RiskShield Software a Leader in Enterprise & Payment Fraud
Sep 19, 2024
INFORM, provider of AI-powered anti-money laundering and fraud management solutions, announces Chartis Research has selected its RiskShield software as Leader in the Enterprise and Payment Fraud Prevention category. Chartis Research is the world's foremost authority on risk technology. This recognition underscores RiskShield's ability to combat payment fraud through its real-time transaction processing, advanced modeling, and in-depth understanding of fraud trends.
Within the “RiskTech Enterprise Payment Fraud Solutions 2024 Quadrants”, RiskShield is acknowledged for its outstanding performance in the areas of enterprise and payment fraud prevention, a highly competitive environment. This is a significant accomplishment, especially considering INFORM's first-time participation. As Roy Prayikulam, Senior Vice President Risk & Fraud at INFORM, noted, “This prestigious recognition validates RiskShield's market leadership and INFORM’s ongoing commitment to providing innovative solutions for banking and financial institutions. It’s also a confirmation of the hard work and commitment of our team.”
RiskShield: Dynamic, Scalable, and Real-Time Fraud Prevention
Chartis Research highlighted RiskShield's exceptional market expertise, scalability, and real-time detection capabilities and especially noted RiskShield’s track record in exceeding customer expectations as key factors in its decision. As Nick Vitchev, Research Director at Chartis, added, “INFORM’s category leader placing in both quadrants reflects its solid core technology, which includes strong detection and analytical techniques, advanced case management, and an ability to customize to a complex set of typologies that is essential in advanced enterprise fraud management. In tackling payment fraud in particular, INFORM’s ability to scale large volumes at speed is highly suited to modern payment fraud detection across a number of core channels, notably card and real-time payments.”
Chartis‘ RiskTech and FinTech quadrants provide a reliable, independent assessment of the vendor landscape in key areas of risk technology. Chartis’ experienced analysts, who write the annual reports, possess the hands-on experience in selecting, developing, and implementing risk management systems for a variety of international companies in a range of industries, including banking, insurance, capital markets, energy, and the public sector.
About RiskShield
Trusted by more than 250 financial institutions worldwide and with a track record of more than 20 years, RiskShield is a leading fraud prevention solution. Leveraging state-of-the-art Hybrid AI technology, INFORM’s software offers comprehensive and scalable fraud detection capabilities, ensuring robust protection against financial crime.