15 February 2022

D4t4 Solutions Plc

D4t4 expands partnership with Quantexa

D4t4 Solutions Plc (AIM: D4t4, "the Group", "D4t4"), the AIM-listed data solutions provider, announces an expansion of its partnership with Quantexa, the leading international fraud data and analytics solution provider.

The expansion creates a powerful new joint capability that pairs Quantexa's Contextual Decision Intelligence (CDI) Platform with real-time biometric profiling via the Celebrus Fraud Data Platform (FDP) to prevent fraud before it happens.

D4t4 first announced its partnership with Quantexa in June 2021 alongside the launch of the Celebrus FDP. Since then, D4t4 has continued to innovate, with new capabilities and integrations for the FDP platform.

The expansion allows for a more integrated approach across the Quantexa portfolio of capabilities following input from customers to bring their data to life in a meaningful way in real-time.

By intelligently distinguishing between legitimate and fraudulent digital behaviors, the combination of Celebrus and Quantexa will enable financial institutions to effectively counter mule fraud¹ and remote account takeover² fraud.

The joint capability takes full advantage of Celebrus FDP's latest features, including Sense and Trace, which allows organizations to closely follow the activity of the mule accounts, find other associated identities compromised by fraudsters, and set alerts when a known mule account is used again.

Commenting on the partnership, Bill Bruno, CEO of D4t4 Solutions, said:

"In today's digital world, customers demand exceptional and safe online experiences, even as fraudsters are constantly devising new, more sophisticated ways to scam their victims, Typical anti-fraud solutions lack necessary data and take a retrospective view of fraud events, with analysis happening weeks after they occur.

Companies need a more contextualised, real-time, and data-driven approach to fraud analytics and fraud prevention. With our new joint capability with Quantexa, customers gain best-in-class decisioning intelligence with highly contextualised, first-party data to stop fraudsters in their tracks.""

Ivan Heard, Global Head of Fraud Solutions, Quantexa, said:

"Quantexa's CDI platform combined with Celebrus' real-time behavioral biometric capabilities offers a powerful solution, at scale, to some of our customers' most pressing fraud challenges. By expanding our partnership together, fraud teams leveraging Quantexa and Celebrus can more easily detect and prevent many forms of fraud." 

¹ Mule fraud occurs when a victim is recruited, sometimes unwittingly, by criminals to transfer illegally obtained money between different bank accounts. Money mules receive the stolen funds into their account, they are then asked to withdraw it and wire the money to a different account, often one overseas, keeping some of the money for themselves.

² Remote account takeover fraud occurs when criminals try to convince a victim to give them remote access to their computer and online banking. If this happens, the criminal will be able to gain access to the victim's files, see what the victim is typing and may even be able to turn on their webcam, or microphone, to spy on them.

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About D4t4 Solutions plc

D4t4 Solutions plc (AIM: D4t4) was founded around a passion for helping global enterprises derive value from their data assets.

Supporting customers in financial services, retail, travel, healthcare, and telecommunications across 27 countries, D4t4 enables businesses to make smarter, informed decisions via Celebrus, the Group's flagship first party data product suite. Celebrus CDP automatically captures, contextualises, and activates user-based behavioural data in real-time across all digital channels. Through behavioural biometrics and analytics, Celebrus FDP helps companies prevent fraud before it happens. Celebrus CDM provides an enterprise platform that automates the integration and transformation of customer data from all relevant data sources, whether on-premises or cloud, to deliver customer and regulatory analytics.

The Group has offices in the UK, USA, India, and Australia with key talent in all markets to drive the growth of the business. Celebrus is fully compliant with all major data privacy regulations and the Group is accredited to ISO27001: Information Security Management.

For more information, please see www.d4t4solutions.com