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.