Pitcairn Turns to Onfido for Fraud Detection Techniques, Sees 35% Reduction in Fraud
Strengthening Fraud Prevention Measures
In a bid to fortify its fraud prevention measures, Pitcairn has partnered with Onfido’s cutting-edge solutions. The company’s Real Identity Platform, featuring a multi-layered approach to fraud detection, has helped Pitcairn reduce fraudulent accounts by 35%.
Key Features of the Real Identity Platform
- Document and Biometric Checks: Quickly and accurately verify identities using Onfido’s technology.
- Comprehensive Solution: The platform includes a library of fraud detection solutions alongside document and biometric verifications, trusted data sources brought together on a single platform.
Results
- 35% reduction in fraudulent accounts
- 99% reduction in time taken to verify customers at onboarding, resulting in significant cost savings
Joining the Onfido Community
Pitcairn is not alone in its quest for fraud prevention. The company joins over 1,100 businesses worldwide that trust Onfido’s solutions to keep fraudsters out and legitimate customers in.
What Sets Onfido Apart?
- Onfido Studio: Allows businesses to orchestrate the right mix of verifications and signals for each region and level of risk, making fraud prevention simple.
- Range of Products: Designed to prevent fraud at scale, providing a comprehensive solution for businesses looking to build trust with their customers.
Customer Testimonials
- 93% reduction in fraudulent accounts compared with microcharge verification reported by MACH.
- 95% automation rate when verifying customers, resulting in significant operational efficiency gains, as seen by Chipper Cash.
Quote from Pierre Béret, VP Customers Operations & Risk at Getaround
“This feature is a real asset for our platform. It helps us build a safer, more reliable carsharing service that will enable us to gain the trust of more vehicle owners and users willing to use our services.”
The Importance of Fraud Prevention
Fraud prevention involves a mix of technology and tactics used to detect and stop fraud attacks. Onfido’s Real Identity Platform provides businesses with the tools they need to prevent fraud and keep their customers, assets, and reputation safe.
Learn More about Onfido’s Solutions
For specific fraud prevention tactics, read on for more information about Onfido’s solutions and how they can help your business stay ahead of the game.