Fraud.net Wins Platinum Award for Banking Fraud Innovation

FOR IMMEDIATE RELEASE

NEW YORK, NY – Fraud.net, a global leader in fraud prevention, AML, and digital risk management solutions, has won the Platinum Award for Banking Fraud Prevention Innovation at the 2024 Juniper Research Future Digital Awards for Fintech and Payments. This award recognizes Fraud.net’s innovative Entity Monitoring solution, which delivers incredible visibility and control over fraud and risk for financial institutions worldwide.

Juniper Research, a leading authority in digital technology research and analysis, annually highlights the most innovative and impactful players in the tech landscape. This prestigious award showcases Fraud.net’s ongoing commitment to providing cutting-edge, real-time protection against fraud, money laundering, and other financial crimes.

Fraud.net’s Entity Monitoring empowers businesses to manage risks associated with partners, merchants, and segments by setting customizable thresholds for key indicators like chargeback and fraud rates. This allows organizations to assess and evaluate relationships and determine opportunities for growth and change. The solution especially benefits banking-as-a-service platforms that manage multiple banks, credit unions, and other financial entities and streamlines regulatory compliance, ensuring both operational integrity and risk minimization.

“As fraud and compliance challenges evolve, we’re dedicated to pushing boundaries and equipping businesses with the tools they need to manage risk and grow with confidence,” said Whitney Anderson, CEO and co-founder of Fraud.net. “This award is a testament to our team’s hard work and our focus on delivering impactful solutions for our clients.”

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About Fraud.net:‍

Fraud.net delivers an AI-native platform for fraud prevention, AML compliance, and digital risk management. Trusted by financial institutions and digital commerce enterprises worldwide, our patented solution prevents fraud, money laundering, and financial crimes in real-time while automating customer screening, monitoring, and compliance workflows. Our platform leverages collective intelligence derived from billions of transactions and digital identities. With a no-code/low-code architecture that natively integrates data from 50+ leading providers, and advanced AI and rules-based decision engines, Fraud.net empowers businesses to make smarter, faster, and more profitable decisions.