DataVisor Named Representative Vendor in 2021 Gartner Market Guide for Online Fraud Detection
MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–#AI—DataVisor, the leading fraud detection company with solutions powered by transformational AI technology, was named a Representative Vendor in Gartner® Market Guide™ for Online Fraud Detection, published July 12, 2021.1 According to the report, Representative Vendors represent “what is core in the market, what extends it and what will transform it.” Gartner also recognized DataVisor’s investment in device ID capabilities.
In its latest Market Guide, Gartner shares findings and recommendations for effective online fraud detection (OFD) in 2021. To determine the top Representative Vendors in the OFD space, Gartner evaluated market players for their innovative capabilities and forward-looking product strategy, as well as how many inquiries Gartner has received about the vendor for digital fraud use cases, and whether vendors represented particular market segments or geographic regions. With its comprehensive, AI-driven SaaS-based platform and deep expertise in the Financial Services industry, DataVisor met all of the requirements.
“We believe being recognized in 2021 Gartner Market Guide for Online Fraud Detection provides further validation of the strength and effectiveness of our innovative and comprehensive platform,” said Yinglian Xie, Co-founder and CEO of DataVisor. “Our solution for online fraud detection is built to manage complex digital signals and behavior analytics, using the most advanced machine learning technologies at big data scale. We continue to deliver cutting-edge capabilities to help the financial services organizations we serve keep pace with rapidly evolving digital fraud, while improving operational efficiency and increasing their ROI.”
In the guide, Gartner advises security and risk management leaders to look to improve the ROI of their OFD tools by implementing a comprehensive risk management strategy and capabilities that support identity proofing and authentication use cases. They also recommend choosing a vendor who can deliver value across a range of capabilities and reduce deployment times and operational costs in banking use cases through SaaS-based transaction monitoring.
DataVisor’s comprehensive platform takes a multilayered approach to protect against financial fraud across the entire customer account lifecycle. DataVisor customers have been able to detect as much as 60% more fraud with 95% accuracy, while removing friction from the customer experience and increasing operational efficiency by up to 5X.
A complete copy of 2021 Gartner Market Guide can be downloaded here. To learn more about DataVisor’s portfolio of digital fraud solutions, visit www.datavisor.com.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
DataVisor is the world’s leading AI-powered Fraud and Risk Platform that delivers the best overall detection coverage in the industry. With an open SaaS platform that supports easy consolidation and enrichment of any data, DataVisor’s solution scales infinitely and enables organizations to act on fast-evolving fraud and money laundering activities in real time. Its patented unsupervised machine learning technology, advanced device intelligence, powerful decision engine and investigation tools work together to provide guaranteed performance lift from day one. DataVisor’s platform is architected to support multiple use cases across different business units flexibly, dramatically lowering total cost of ownership, compared to legacy point solutions. DataVisor is recognized as an industry leader and has been adopted by many Fortune 500 companies across the globe.
Jill Burkes for DataVisor