As per the information detailed in the press release, DataVisor released a comprehensive solution to both improve the fraud and financial crime detection process and support sponsor bank compliance in the evolving regulatory landscape for Banking-as-a-Service (BaaS) offerings. Considering the current environment and the rapidly evolving fintech industry due to the rising of fraudulent activities, sponsor banks are going through a challenging period of increased fraud losses and difficulties in maintaining and demonstrating compliance. With its new solution designed for sponsor banks, DataVisor aims to replace ad-hoc detection and compliance methods with technology that offers real-time data orchestration, secure multi-tenant infrastructure, and AI-enabled analytics.
Centralised and transparent view of all customers across different fintech partnerships, enabling strategy and operation teams to develop a risk assessment to facilitate informed and effective decision-making in real-time;
Multi-tenancy features through a cloud-based architecture that allows sponsor banks to securely store, analyse, and customise fraud and risk decisions;
Automation and increased efficiency for managing multiple fintech partnerships via a no-code/low-code platform, which simplifies the conversion of business insights into actionable strategies and decision workflows without IT dependencies;
Real-time insights and flexible reporting, supporting a comprehensive view that meets new regulatory compliance requirements.
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