Industry News

Experian unveiled innovative platform for fraud and identity services

Dublin: Experian Plc, a global information services company launched industry’s first smart plug-and-play platform CrossCore to identify frauds fast and efficiently. The platform is designed to improve compliance as well as to enhance the customer experience.

With increasing fraud attacks across the globe due to which it is difficult for clients to manage all the tools in one place. CrossCore platform provides all the frauds and ID services into a single platform and if required it will allow to add new ones, whether it is from Experian or any other third party.

In addition, with the help of this platform, organisations can manage services through a common access point which supports a layered approach to managing risks across providers. As well, it includes powerful workflow and strategy design capabilities due to which the fraud and compliance team can easily create and adapt strategies based on evolving threats and business needs.  

TechSci Research analyses that by developing the platform for fraud and identification, Experian will provide a new experience to its customers and the company would expect to increase its market presence in the cybersecurity market across the globe.

TechSci Research, a market research and consulting firm recently published a report, “Global Cyber Security Market Forecast & Opportunities, 2020”; according to the report global cyber security market is projected to surpass USD123 billion by 2020. Growing inclination towards cloud storage, introduction of public clouds and growing emphasis on digitization are propelling the need for cyber security across the globe. North America and Europe have been the leading revenue contributors, capturing major shares in the market in 2014. Moreover, Asia-Pacific is rapidly emerging as a potential market for cyber security solution providers, driven by emerging economies such as China, India and South-East Asian countries, wherein, rising cyber espionage by foreign countries is inducing the need for safeguarding cyber space.

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