Content of Figures
- Figure 1 KuppingerCole
- Figure 2 The Overall Leaders in Fraud Reduction Intelligence Platforms
- Figure 3 The Product Leaders in Fraud Reduction Intelligence Platforms
- Figure 4 The Innovation Leaders in Fraud Reduction Intelligence Platforms
- Figure 5 The Market Leaders in Fraud Reduction Intelligence Platforms
- Figure 6 The Market/Product Matrix
- Figure 7 The Product/Innovation Matrix
- Figure 8 The Innovation/Market Matrix
Fraud is a major cost to businesses worldwide. Multiple reporting sources estimate that total related cybercrime costs will reach $10.5 trillion by 20 ...
This report covers solutions that aggregate multiple fraud intelligence sources and provide advanced analytics services for customer organizations to ...Login Get full Access
- Fraud Reduction Intelligence Platforms are increasingly sought after by consumer facing businesses in all industries. Account takeovers and new acco ...
1.2 Market Segment
The Fraud Reduction Intelligence Platform market is mature and growing, with some vendors offering full-featured solutions providing comprehensive fun ...Login Get full Access
1.3 Delivery models
In the Fraud Reduction Intelligence Platform market, solutions are generally offered as SaaS. It’s a consumable service, not usually something that ...Login Get full Access
1.4 Required capabilities
We are looking for comprehensive solutions that provide at least 4 of the 6 major areas of functionality areas. These are typically the requirements t ...Login Get full Access
Selecting a vendor of a product or service must not only be based on the information provided in a KuppingerCole Leadership Compass. The Leadership Co ...Login Get full Access
2.1 Overall Leadership
IBM is in the highest position in the Overall Leader rating for Fraud Reduction Intelligence Platforms. Experian, Transmit Security, OneSpan, and BioC ...Login Get full Access
2.2 Product Leadership
Product Leadership is the first specific category examined below. This view is mainly based on the analysis of service features and the overall capabi ...
Product Leadership, or in this case Service Leadership, is where we examine the functional strength and completeness of services.
Fraud Reduction In ...Login Get full Access
2.3 Innovation Leadership
Next, we examine innovation in the marketplace. Innovation is, from our perspective, a key capability in all IT market segments. Customers require i ...
Innovation in FRIP manifests in several ways. Given the disparity in some of the features defined and technology requirements for delivering them, inn ...Login Get full Access
2.4 Market Leadership
Lastly, we analyze Market Leadership. This is an amalgamation of the number of customers, number of transactions or entities evaluated, ratio betwee ...
Broadcom, Experian, Outseer (RSA), Neustar, and IBM are in the highest echelon of market leadership. They have been in the fraud prevention business f ...Login Get full Access
3 Correlated View
While the Leadership charts identify leading vendors in certain categories, many customers are looking not only for a product leader, but for a vendor ...Login Get full Access
3.1 The Market/Product Matrix
Vendors below the line have a weaker market position than expected according to their product maturity. Vendors above the line are sort of “overperf ...Login Get full Access
3.2 The Product/Innovation Matrix
This view shows how Product Leadership and Innovation Leadership are correlated. It is not surprising that there is a pretty good correlation between ...
Vendors below the line are more innovative, vendors above the line are, compared to the current Product Leadership positioning, less innovative.
The ...Login Get full Access
3.3 The Innovation/Market Matrix
The third matrix shows how Innovation Leadership and Market Leadership are related. Some vendors might perform well in the market without being Innova ...
Vendors above the line are performing well in the market as well as showing Innovation Leadership; while vendors below the line show an ability to inn ...Login Get full Access
4 Products and Vendors at a Glance
This section provides an overview of the various products we have analyzed within this KuppingerCole Leadership Compass on Fraud Reduction Intelligenc ...Login Get full Access
In addition, we provide in Table 2 an overview which also contains four additional ratings for the vendor, going beyond the product view provided in the previous section. While the rating for Financial Strength applies to the vendor, the other ratings apply to the product.
5 Product/Vendor evaluation
This section contains a quick rating for every product/service we’ve included in this KuppingerCole Leadership Compass document. For many of the pro ...Login Get full Access
5.1 Arkose Labs
Arkose Labs is a well-funded startup established in 2017 out in San Francisco. Their solution is focused on reduction of the most common fraud types, ...Login Get full Access
BioCatch is a well-funded, late-stage venture-backed FRIP service provider that was founded in Tel Aviv in 2011. They have offices around the world an ...Login Get full Access
5.3 Broadcom Inc.
Broadcom’s entry in this market originated with Arcot Systems, a 3DS pioneer acquired by CA Technologies in 2010. Broadcom, a global IT vendor, has ...Login Get full Access
Cleafy was established in 2014 in Milan. In 2017, it became part of the Moviri Group, a global software and professional services company with offices ...Login Get full Access
Experian was founded in 1996 and is headquartered in Dublin. It is one of the “Big Three” credit rating agencies, processing information on over o ...Login Get full Access
Privately held Group-IB was founded in 2003 in Moscow, but its global HQ is in Singapore. Beyond FRIP services, Group-IB offers threat intelligence, t ...Login Get full Access
5.7 HID Global
HID Global is a subsidiary of ASSA ABLOY Group AB of Stockholm. HID Global’s US headquarters is in Austin, TX. HID Global has IAM solutions, and mak ...Login Get full Access
IBM is a global technology and consulting company headquartered in New York. IBM offers a broad range of software solutions and infrastructure, hostin ...Login Get full Access
5.9 ID Dataweb
ID Dataweb was founded in 2011 and is headquartered in Virginia. ID Dataweb is a late-stage startup that was initially backed by venture capital. AXN ...Login Get full Access
Kaspersky has been a global cybersecurity innovator for more than two decades, with products in the endpoint and network security areas. Kaspersky is ...Login Get full Access
Neustar is a privately held data analytics company based in Reston, VA, offering both risk and marketing analytics services. They were founded in 1998 ...Login Get full Access
OneSpan, formerly VASCO, is headquartered in Chicago, IL, US, and has offices in Brussels, Montreal, and Zurich. VASCO was founded in 1991 and has a h ...Login Get full Access
5.13 Outseer (RSA)
RSA is a leading global cybersecurity vendor with products for encryption, IAM, IGA, NDR, and compliance monitoring. RSA was acquired by Symphony Tech ...Login Get full Access
ThreatMark was founded in 2015 and is headquartered in Brno, Czechia. The company is in growing startup mode and focused on reducing banking and payme ...Login Get full Access
5.15 Transmit Security
Transmit Security was founded in 2014 and is headquartered in Tel Aviv and Boston. The company is self-funded. Their FRIP platform covers all areas ex ...Login Get full Access
6 Vendors to Watch
Beyond the vendors covered in detail in this Leadership Compass document, we also observe other vendors in the market that we find interesting. Some d ...Login Get full Access
Acuant was founded in 1999 and is headquartered in the Los Angeles area. Acuant offers identity proofing services, including biometric matching agains ...Login Get full Access
Buguroo was founded in 2010 in Madrid. The company is focused on behavioral biometrics for fraud reduction Their SaaS solution has strong features in ...Login Get full Access
Deduce is a relatively young startup in the FRIP space, founded in 2019 and headquartered in New York. They leverage experience from creating large sc ...Login Get full Access
Forter was founded in 2013 in Tel Aviv. Forter declined to participate fully in this report, but KuppingerCole will monitor Forter and include them in ...Login Get full Access
6.5 Guardian Analytics
Guardian Analytics was founded in 2005 in the Bay Area. Fraud Cockpit & Business Intelligence and Fraud Detection Analytics & Intelligence are their r ...Login Get full Access
Ravelin is a mid-stage startup that was founded in 2015 in the UK. They provide payments fraud detection and prevention for clients in delivery servic ...Login Get full Access
6.7 ThreatMetrix, a LexisNexis Risk Solutions Company
ThreatMetrix is a global fraud, identity and authentication company, helping customers deliver a unified and secure experience across their digital cu ...Login Get full Access
TransUnion IDVision is a Fraud Reduction service, which leverages iovation, their Portland, OR based subsidiary launched in 2004. IDVision has FRIP fu ...Login Get full Access
7 Related Research
Leadership Compass: Fraud Reduction Intelligence Platforms - 80127
Leadership Compass: CIAM Platforms – 79059
Leadership Compass: Cloud-based MFA Solutions – 70967
Leadership Compass: Adaptive Authentication - 79011
Executive View: BioCatch – 80415
Executive View: ThreatMetrix Digital Identity Network - 79049
Whitepaper: OneSpan Intelligent Adaptive Authentication - 80026