Outseer announced new identity-centric capabilities for Outseer Fraud Manager product offering.
The two innovations include:
New solution for account enrollment protection: Outseer Fraud Manager customers can now enroll their users into new digital services, leveraging biometric facial detection capabilities to prevent fake accounts from synthetic and stolen identities. Powering this solution is technology to validate a live human face against a Government issued ID, and document verification against third-party databases.
Enhanced solution for account takeover detection: Outseer Fraud Manager customers can now leverage facial recognition for even stronger controls to prevent account compromise attempts. This solution leverages FIDO2 compliant biometrics for strong authentication of users in case of a high risk transaction or digital activity. Additionally, it allows passwordless authentication to be selected as the primary method of authentication during sign up.
Through the Outseer Beyond program, third-party providers including 1Kosmos help to expand the scope and reach of Outseer solutions to a worldwide customer and partner community.
1Kosmos delivers a distributed digital identity platform that is both FIDO2 and NIST certified, providing strong customer authentication to secure account enrollment, logins, payment processing, and eliminate identity fraud.
“We’re enhancing Outseer Fraud Manager solutions with identity-based controls to protect the end-to-end user journey for our customers’ own digital commerce operations. Driving this investment is the rapid increase in account takeover attempts, notably by 72% in 2020 alone,” said Jim Ducharme, COO, Outseer.
“Outseer is committed to ridding the world of transactional fraud, and leveraging digital identity capabilities from partners like 1Kosmos will ensure we deliver on this mission even faster.”
“More than 4.7 million fraud cases were reported to the Federal Trade Commission last year, with identity fraud being the root cause,” said Hemen Vimadalal, CEO at 1Kosmos. “1Kosmos and Outseer are working together to augment and develop new use cases of fraud detection. Using our platform, we will blend user authentication and identity proofing to reduce fraud and increase operational efficiencies – all wrapped into a single frictionless experience.”