iovation and Synectics Solutions Link to Fight Fraud

Proquest LLC

iovation, a company focused on a device reputation database, announced that Synectics Solutions has selected iovation's ReputationManager 360 service to be integrated into its Syndicated Intelligence for Risk Avoidance (SIRA) fraud prevention platform.

According to a release, with the partnership, SIRA customers will be able to leverage the service for shared device reputation in ReputationManager 360 to better decide whether or not a transaction is potentially fraudulent based on the current and past behavior of the device being used in a transaction.

"SIRA relies on a rich collection of identity-based data sources, and I'm excited that our customers now have access to iovation's unrivaled device intelligence as well," said Kevin Shanahan, Managing Director at Synectics Solutions. "SIRA and ReputationManager 360 provide a complementary, tightly-integrated platform to fight fraud on a real-time basis."

SIRA is a fraud detection and prevention system that leverages best-in-breed data sources, forensic case management tools and a sophisticated decisioning and workflow engine. By providing a fully integrated solution, SIRA eliminates the need to tie together disparate fraud prevention solutions, dramatically simplifying implementations and lowering IT costs. Combined with ReputationManager 360, SIRA provides a holistic approach to lower risk and fight fraud at the time of application -- before fraudsters can become customers.

"SIRA is a leading fraud prevention solution for the United Kingdom's insurance, finance, and telecommunication providers," said Chris Thomas, iovation's Director of Business Development in Northern and Eastern Europe. "It dovetails perfectly with ReptuationManager 360, providing customers with shared intelligence and robust technology to beat the bad guys."

With its ReputationManager 360 solution, iovation monitors the reputation of devices that have been used in more than 11 billion transactions from around the world, uniquely identifying everything from desktops to laptops, mobile phones to tablets, and gaming consoles to smart TVs. By utilizing the intelligence gathered across iovation's network of hundreds of customers and thousands of security professionals, businesses can determine whether any device has been, or is likely to be, a source of fraudulent transactions. Highly trustworthy customers can also be recognized more quickly with iovation TrustScore. ReputationManager 360's global intelligence network is used to stop more than 200,000 fraud attempts daily, proactively identifying devices that are associated with abuse and stopping bad actors before they can strike.