For the third consecutive year, XTN Cognitive Security®is listed as a Representative Vendor in Gartner’s Market Guide for Online Fraud Detection.
The COVID-19 pandemic accelerated the shift toward digital services, with noted increases in digital commerce and digital banking volumes. The rise in overall online transaction volumes led to greater demand for the services of OFD vendors across a range of capabilities.
What is the Online Market Guide for Online Fraud Detection?
Gartner defines the Online Fraud Detection (OFD) market as solutions that detect and prevent wrongful or criminal deception within digital (browser and app) B2C channels. Gartner considers OFD a foundational technology deployed within these digital channels to prevent direct and indirect losses and mitigate risk.
Gartner highlights how, now more than ever, an end-to-end fraud management strategy requires a broad range of capabilities to meet the requirements of most organizations, particularly when the focus is a high-risk event,
such as a payment.
As XTN, we are precisely aligned with this need offering to our client the highest security level through the omnichannel and multifunction Cognitive Security Platform®. We provide a fully packaged, out-of-the-box solution that is digital-ready and can be deployed at lightning-fast speed. Its modularity lets you activate functionalities depending on needs, achieving high operational efficiency and easy management.
XTN had already been mentioned in the previous edition of the same Market Guide for Online Fraud Detection (G00719387 – May 2020 and G00352548 – April 2019) as well as in the Market Guide for In-App Protection (G00368169 – July 2019) and in the Research Avoid Mobile Application Security Pitfalls (G00730988 – July 2020).