Tiresias, Greece’s credit bureau, whose mission is to protect transactions and prevent fraud, in collaboration with Equifax, a leading global credit bureau specializing in data, analytics, and technology solutions for decision-making, presents innovative solutions for the effective detection and mitigation of cyberfraud: “Tiresias Identity & Fraud Services.”
According to a related announcement, through Equifax’s fully customizable and globally trusted Kount® 360 platform, Tiresias offers financial institutions, as well as a wide range of other businesses, innovative services that protect the entire digital customer experience—from account creation to the completion of online transactions.
Specifically, the “Tiresias Account Protection Powered by Equifax” service provides enhanced protection for the identities and accounts of these companies’ customers when they register and log in to digital channels. By automatically verifying the authenticity of their information, it helps prevent unauthorized access to their accounts. Additionally, the “Tiresias Payment Fraud Powered by Equifax” helps reduce payment fraud when purchasing products or services during the checkout process by detecting any suspicious activity in real time.
Through the Kount® 360 platform, the identity of the end user behind each transaction is verified by cross-referencing 56 billion data points across a global network. Banks and businesses can securely approve more transactions, reducing the risk of fraud and improving the customer experience. In this way, they can reduce transaction disputes, minimize manual checks, and automate processes.
This is the first category of services developed as part of Tireasia’s strategic commercial partnership with Equifax, which was announced earlier this year. In its initial phase, the partnership includes four categories of services and products, which will be offered to the Greek market by Tiresias. The ultimate goal of the partnership is to contribute to the provision of innovative financial solutions in the Greek market, as well as to the protection of businesses, individuals, and the broader economic ecosystem.