The AI-Based Fraud Detection Tools market is experiencing rapid growth, with key players including IBM, Microsoft, Accertify, ACI Worldwide, Cybersource, and Experian [61398255] [a03d1554]. The market report provides detailed projections and evaluations of the market, with a base year of 2023 and historical data from 2019 to 2030. The market is segmented by type (cloud-based, on-premise) and application (large corporations, SMEs). The report offers insights into the competitive landscape, niche and high-potential markets, market valuation and forecasting, and strategic geographic market insights [61398255].
Research Cognizance has published a report on the AI in Financial Fraud Detection market, highlighting key market players such as ACI Worldwide, Cybersource, and Experian [a03d1554]. The report provides an overview of the market, including definitions, applications, and developments. The research is conducted using qualitative and quantitative methods, and the results are analyzed to draw conclusions. The regional coverage of the market includes North America, South America, Asia Pacific, the Middle East and Africa, and Europe. The market is segmented by type and application. The report aims to provide a qualitative and quantitative analysis of current trends and estimates from 2023 to 2030. Analytical tools such as SWOT analysis and Porter's Five Forces analysis are used to explain the power of buyers and suppliers in the market. The report also helps companies identify potential opportunities and threats in the industry and assess demand for products or services [a03d1554].
Socure, a leading provider of AI-based fraud prevention solutions, has been awarded the "Best AI-Based Solution for Fraud Prevention" in the seventh annual AI Breakthrough Awards [16e08966]. Socure's Socure ID+ platform, powered by a decade of consortium data and 17 billion rows of expansive data, assesses a consumer's historic behavioral patterns to spot anomalies indicating the risk of theft or tampering. The platform's Sigma Identity V4 solution captures up to 99% of all ID fraud in the riskiest 5% of users, providing a greater than 40% reduction in false positives. With over 2,400 customers across various industries, Socure continues to be a leader in AI-based fraud prevention [16e08966].