The winner of the 2024 Impact Award for Best Scam and APP Fraud Prevention Innovation is the partnership between Form3 and Feedzai and their APP Fraud Solution.
Form3 and Feedzai have collaborated to create an innovative model that determines the risk that a given inbound or outbound transaction is an APP fraud.
This solution is based on a model that is trained to assess the risk of behavioural patterns of the sender, the beneficiary, and the nature of the relationship between the two.
95%
This combination of signals and risk modeling improved fraud detection in payments that had previously gone undetected by FIs within the scope of the deployment and achieved this without diminishing established false-positive rates.
Download for more information on why Datos believes this is an important leap forward in the fight against authorised push payment fraud.