OUTSEER-LOGO_Picture

Outseer

Outseer is a leader in authentication and fraud prevention, delivering Defense in Depth through a uniquely comprehensive platform that protects digital banking sessions and 3DS transactions. With our rich RSA heritage and an unwavering commitment to innovation, Outseer’s AI-powered platform incorporates a spectrum of critical fraud signals, including event data, device IDs, geo-IP, Behavioral Biometrics, consortium data, and more.  

 

Trusted by thousands of clients in over 50 countries, including hundreds of the world’s largest financial institutions, Outseer solutions safeguard more than 450 million accounts, 100 billion transactions, and 5 trillion dollars annually.

Location:London, UK
Founded: 2021

Fraud Solution Profile

The Outseer Platform

At Outseer, we take a layered approach to fighting fraud. There are so many entry points for fraud that specialized solutions like bot protection or behavioral biometrics, while useful, can catch all fraud that occurs. Because of that, integrating the right data is necessary. Our platform strategy takes all of these signals into account. 

The Outseer Platform is a proven transactional risk management platform for financial institutions and card issuers that provides comprehensive fraud protection across the digital journey. This enables customers to protect digital transactions from login through payment and mitigate fraud threats including card-not-present fraud, mule accounts, consumer scams, and Authorized Push Payment (APP) fraud. The Outseer Platform can be used with online and mobile banking, CNP 3-D Secure transactions, instant payments, account funding, and more.

The Outseer Solution Portfolio includes three main product offerings:

Outseer Fraud Manager (formerly RSA Adaptive Authentication)

  • A comprehensive, market-leading transactional risk management platform powered by predictive AI and proprietary machine learning algorithms along with a robust policy engine to protect customer digital interactions.
  • 99%+ fraud detection rate with less than 5% false positives means reduced fraud losses and better customer experience
  • $5T+ transaction value protected annually
  • 120B+ transactions and digital interactions protected annually

Outseer 3-D Secure (formerly RSA Adaptive Authentication for eCommerce)

  • An EMV® 3-D Secure Access Control Server (3DS ACS) that helps you ensure regulatory compliance and lowers total cost of ownership.
  • Outseer 3-D Secure helps you increase transaction approvals and reduce fraud and operational costs associated with investigation and failed authentications, all while providing a secure and frictionless digital shopping experience for your cardholders.
  • $95M net positive contribution to your bottom line
  • $74M+ volume of fraud prevented
  • $13M+ increase in interchange fees
  • $6M+ decrease in operational cost

Outseer FraudAction (formerly RSA FraudAction)

  • Digital Risk Protection Service (DRPS) – Detects and blocks threats that could compromise customer credentials, customer assets, or your brand. These threats include phishing attacks, scams, and malware.
    • <20 minutes from phishing detection to threat blocking in customer browsers
    • < 12 hours average time to phishing attack threat takedown
  • Cyber Intelligence – Identifies and streams compromised data including credit cards, stolen customer credentials, breached customer email addresses, and impersonated executive identities.
    • 25m+ compromised credit cards detected per year
    • 15M+ compromised emails detected per month 

The Outseer Risk Engine and Outseer Global Data Network underly the entire portfolio

Powered By The Outseer Risk Engine and Outseer Global Data Network 

The AI-Powered Outseer Risk Engine is built to detect online fraud with industry leading precision. On the strength of over two decades of experience in artificial intelligence and machine learning, Outseer has developed highly effective predictive AI models that continuously learn from past behavior to identify fraudulent behavior in real-time with proven accuracy.

  • 97% transaction approval rate
  • 99%+ fraud detection
  • <5% intervention

Our Risk Engine works in real-time to orchestrate and analyze a wide range of data signals associated with an activity or transaction as well as first- and third-party signals, to determine the probability of a given interaction being genuine or fraudulent.

 

The Outseer Global Data Network is a collaborative data consortium that allows for near real-time sharing of high-quality signals from confirmed fraud events and indicators into emerging threat patterns. The globally-sourced transaction intelligence spans the largest financial institutions in the world, with hundreds of contributors in over 150 countries, resulting in around 830k transactions flagged and significant potential fraud prevented daily. By using these shared network signals, financial institutions can proactively identify fraud or attempted fraud based on data elements. The data fuels insights that can be used to drive decisions to protect and authenticate customers.

  • $322M+ in fraud prevented annually
  • 303M+ transactions flagged annually
  • <0.4% false-positive ratio
 Industry
Ecommerce, Financial Services, Insurance, Telecom
 Primary Functionality
Fraud Platform
 Fraud Type
Account Takeover, Loyalty or Promo Abuse, Payment Fraud
 Technology
Behavioral Biometrics, Biometrics, Machine Learning, Multi-Factor Authentication, Rules Engine