IdentityMind Global Named Top 20 Most Promising Risk Management Solution Provider by CIO Review Magazine
June 15, 2016
IdentityMind Global, a pioneer of trusted digital identities, today announced it has been named as a Top 20 Most Promising Risk Management Solution Providers for 2016 by CIO Review Magazine.
IdentityMind Global was selected to receive the award from hundreds of enterprise technology solution providers, and is recognized for a technology solution that helps enterprise leaders respond to emerging challenges, drive innovation and achieve strategic business objectives. IdentityMind’s on-demand platform and its core eDNA technology build trusted digital identities based on monitoring online transaction, behaviors, and external data; helping online merchants, acquiring banks, payment processors, payment service providers (PSP) and financial institutions reduce risk and comply with regulatory requirements.
“Advancements in technology are drastically impacting the enterprise landscape and CIOs are leveraging these innovations to drive business value and gain significant upper hand in the industry. IdentityMind Global continues to deliver the thought leadership, innovative vision, and ability to execute impeccably,” said Jeevan George, Managing Editor of CIOReview. “We are proud to feature IdentityMind Global in this edition for their range of revolutionary solutions that is setting a new benchmark in the enterprise risk management arena.”
“We are honored to be recognized for this prestigious award,” said Garrett Gafke, CEO and President, IdentityMind Global. “Every day our software helps our customers navigate a changing regulatory environment with new compliance requirements that can significantly impact their businesses. We help them succeed by delivering accurate risk evaluation in real time through our Electronic DNA (eDNA) technology that focuses on identifying the user behind every transaction and whether such user is to be trusted for performing financial transactions.”
With online transactions continuing to grow, fraudsters moving online to take advantage and regulators taking notice; IdentityMind developed a comprehensive RegTech platform that enables companies to meet fraud prevention, anti-money laundering, KYC, underwriting, sanctions screening and merchant portfolio risk analysis needs and requirements.
IdentityMind has helped companies around the world reduce account fraud at the onboarding stage by as much as 95 percent; and reduce manually reviewed transactions by as much as 80 percent. IDM Trusted Digital Identities allow businesses to automatically match the entities behind pending transactions with over 170 million worldwide identities allowing businesses prevent and detect fraud and suspicious activity from any given transaction before that transaction has been made.
About IdentityMind Global
IdentityMind Global™ pioneered trusted digital identities for digital commerce. The IdentityMind™ on-demand platform provides real-time risk management, compliance and fraud preventio for leading Fintech companies, traditional banks and online merchants around the world. Using its innovative, Electronic DNA (eDNA™) technology, it securely tracks the entities involved in each transaction (e.g. consumers, merchants, cardholders, payment wallets, alternative payment methods, etc.) to build payment reputations, and allows companies to identify and reduce potential fraud, evaluate merchant account applications, onboard accounts, enable identity verification services, and identify potential money laundering.
For more information, visit: https://staging.identitymindglobal.com.