Equifax grows its global footprint in digital identity and fraud prevention offerings with the purchase, letting international companies use the power of artificial intelligence (AI) to establish formidable digital identity trust and better engage with their clients through the web, according to the announcement.
The Kount Identity Trust Global Network harnesses AI to connect trust and fraud data signals from 32 billion online interactions, 17 billion devices and 5 billion yearly transactions throughout 200 nations and territories. The network becomes more predictive as additional signals are gathered and joined with Kount’s AI-fueled analytic insights, helping to prevent online fraud and guard against account takeovers in real time while allowing for tailored client experiences.
“COVID-19 has driven customer interactions online in record numbers. As digital transformation accelerates, the risk of online fraud has also multiplied in a way that we believe will permanently alter the online landscape,” Equifax CEO Mark W. Begor said in the announcement. “The combination of Kount solutions with Equifax differentiated data assets and cloud capabilities will enable us to quickly take advantage of new fraud prevention and digital identity offerings to deliver for our customers and drive Equifax growth.”