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Fraud Detection and Prevention: A Vital Tool for Businesses in the Netherlands

The Reality of Fraud in the Netherlands

According to PwC’s Global Economic Crime and Fraud Survey 2022, almost 46% of companies in the Netherlands have experienced some form of fraud within the last 24 months. This highlights the importance of effective fraud detection and prevention measures for businesses operating in the country.

Regula: A Leading Provider of Identity Document and Biometric Verification Solutions

Regula, a renowned provider of identity document and biometric verification solutions, has been helping numerous companies in the Netherlands secure their operations without compromising user experience. With Regula’s seamless identification procedures, businesses can be confident that they are acquiring real customers and preventing fraudulent activities.

Advanced Fraud Detection and Prevention Software

Regula’s advanced software uses AI algorithms to analyze entire documents and detect any mismatches in data from visual zones, MRZs, NFC chips, barcodes, and holograms. The company also compares provided documents against a database that includes over 14,000 document templates from 251 countries and territories.

Success Stories

Regula’s fraud detection and prevention software has been praised by numerous companies in the Netherlands, including:

  • FRiENDi Mobile
  • SEF
  • LCX
  • Wizz Air
  • Luciditi
  • GSMA
  • Freedom Finance Insurance
  • Pearson VUE
  • Permission.io
  • Pegasus Airlines

These companies have reported significant improvements in their fraud prevention processes, with Regula’s solutions enabling them to onboard real customers faster while minimizing the risk of fraudulent activities.

Advanced Technologies Used by Regula

Regula’s software uses a range of technologies, including:

  • Document type identification
  • Optical character recognition (OCR)
  • Face matching
  • MRZ reading
  • RFID reading
  • Barcode reading
  • Credit card reading
  • Liveness detection
  • Hardware-assisted authentication

These advanced features enable Regula to provide comprehensive fraud detection and prevention solutions that cater to the unique needs of businesses in various industries.

Partnering with Regula for Fraud Detection and Prevention

By partnering with Regula, companies in the Netherlands can ensure they have a robust fraud detection and prevention strategy in place. This will protect their operations from fraudulent activities while maintaining a positive user experience.