ITSS and Feedzai join forces in fight agant fraud

This partnership between ITSS and Feedzai is designed to make digital lending and retail banking significantly safer. For merchants and lenders, this means fewer fraudulent applications getting through and more accurate approvals for legitimate customers. Feedzai uses advanced AI to analyze transaction patterns in real-time, catching sophisticated scams that older systems might miss. When a customer applies for financing at your point of sale, the 'behind-the-scenes' technology needs to decide instantly if that person is a fraud risk. By integrating these AI-native tools into the banking infrastructure that many lenders use, the industry is moving toward a frictionless but highly secure checkout experience. This reduces 'false positives' where honest customers are declined, which directly protects your conversion rates. It also helps mitigate the rising tide of identity theft in the Buy Now, Pay Later (BNPL) and consumer credit space. Better fraud detection translates to lower costs for lenders, which can lead to better financing rates for your customers in the long run.

Source: Finextra — Lending

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