Company Recognized for Excellence in Two Chartis Reports
New York, NY, September 3, 2024 – Chartis Research recognized Refine Intelligence as “Best-in-Class” for Check Fraud Prevention in its recent report “Enterprise and Payment Fraud Solutions, 2024, Market Update and Vendor Landscape.” Chartis is a leading provider of research and analysis on the global market for risk technology.
“Refine Intelligence’s unique and innovative approach offers a genuine game-changer in the way that check fraud is prevented,” said Nick Vitchev, Research Director at Chartis. “Its fraud prevention capability, underpinned by solid orchestration, workflow management and modelling technology, has broad applications across the market – a fact reflected in Refine Intelligence’s category leader placing in our payment fraud quadrant.”
Refine Intelligence Ranks High on RiskTech Quadrants
Along with a more detailed analysis, Refine was named a “Category Leader” in the RiskTech QuadrantⓇ for payment fraud solutions, and “Best of Breed” in the enterprise fraud solutions quadrant. The company was also cited as “One to Watch” in the inaugural “Chartis RiskTech AI 50 2024 Ranking and Awards,” a separate report.
“Check fraud is surging across the US, costing American banks billions of dollars each year. Banks and other payment service providers desperately need a way to resolve suspicious cases that is reliable, effective, and above all, fast. That’s why we developed our check fraud prevention solution,” said Uri Rivner, CEO of Refine Intelligence. “We’re delighted to gain recognition by Chartis for our innovative Intelligent Customer Outreach approach, enabling account holders to become the bank’s partners in fighting financial fraud.”
The RiskTech Quadrants apply a sophisticated ranking methodology to visually delineate which of the 26 solutions included would be most suitable for buyers with various needs and implementation strategies. Vendors are ranked according to Chartis’ criteria, including fraud and analytical models; solution packaging and deployment; fraud typologies; speed, volume, and performance; and across six types of payment rails.
The recent Chartis report on enterprise and payment fraud solutions was issued in response to the rising levels of fraud in both these arenas, together with increasing emphasis from regulators on the importance of managing risk. Payment service providers and other financial institutions are seeking more flexible and unified fraud solutions that help them improve compliance and reduce risk.
About Refine Intelligence
Refine Intelligence helps banks’ Anti-Money Laundering (AML), fraud, and compliance teams engage the customer as a partner in fighting financial crime, in order to resolve alerts faster and more effectively than ever before. Lighten the team’s heavy, growing workloads with Refine’s Intelligent Customer Outreach platform for secure digital customer interactions, which takes a unique “catching the good guys” approach. Playbooks are available for check fraud prevention, AML, CDD/ EDD, scams, cash structuring education and more. Founded by tech veterans in fighting financial crime, Refine Intelligence is backed by Glilot Capital Partners, SYN Ventures, Fin Capital and Valley Ventures. To learn more, visit www.refineintelligence.com.
