2024 was a pivotal year for XTN Cognitive Security. We solidified our position as a global leader in the fight against digital fraud, driven by the recognition we received from industry analysts and the success of our technologies. Our achievements highlight the ability to innovate, stay ahead of trends, and tackle the challenges of an ever-evolving market.
Emerging Technologies
Last year, XTN reinforced its leadership in emerging technologies. Gartner recognized our contributions in key reports like Emerging Tech: 5 Elements to Prevent Digital Commerce Fraud and Emerging Tech: GenAI Security Services for Online Fraud Prevention. Our expertise in utilizing GenAI to address emerging fraud challenges highlighted our pioneering approach. Moreover, our inclusion in Gartner’s Hype Cycle for Generative AI in Banking and Financial Crime highlights our capacity to anticipate future trends and provide innovative, forward-thinking solutions.
Banking and Finance
Being featured in Gartner’s Market Guide for Fraud Detection in Banking Payments as a key vendor reaffirms our position as a leading force in banking fraud prevention. Moreover, the positive feedback from our banking clients serves as the best testament to our ability to provide effective tools to combat digital threats.
Innovations in Scam Prevention
As sophisticated attacks continue to rise, fraud prevention has become a top priority for the industry. The Datos Insights report, Going Beyond Traditional Safeguards: Next-Gen Innovation for Scam Prevention, emphasized the value of our platform, which integrates app protection, behavioral analysis, and transactional monitoring. This approach enables us to reduce false positives and provide a comprehensive risk analysis, ensuring businesses receive reliable and adaptable protection.
AML-Fraud Breakthrough
AML also took center stage. Gartner’s Banker’s Guide to AML Tools for Productivity mentions XTN as a key vendor, highlighting how banks can enhance productivity and efficiency with AML tools. Let’s remember that 2024 marked the year of FRAML, the convergence of fraud and AML prevention. Recognizing this shift, XTN has developed a platform that seamlessly integrates both areas to address their challenges simultaneously.
Recognized Leadership
XTN was among the top 4 global players in Quadrant Knowledge Solutions‘ SPARK Matrix™: Behavioral Biometrics and Device Intelligence 2024, confirming our leadership in behavioral biometrics and device intelligence. This recognition rewards our ability to surpass the limits of traditional technologies by offering scalable and dynamic solutions capable of addressing the most advanced threats.
2024 has been a year of growth and consolidation for XTN, marked by significant recognition and innovations in digital fraud prevention. These milestones are just the beginning of our ongoing journey towards excellence. With cutting-edge solutions and a forward-thinking vision, we are ready to tackle the challenges of an increasingly complex digital landscape. As we look to 2025, we remain focused on our ongoing efforts to protect businesses and consumers worldwide.
