Experian announced that the company was named a Leader in the IDC MarketScape: Worldwide Enterprise Fraud Solutions 2024 Vendor Assessment (doc #US51939124, March 2024). The report evaluates each vendor’s advanced fraud detection capabilities, alignment with customer needs, and future strategy and roadmap for innovation.

Experian offers an integrated digital identity and fraud risk platform that delivers analytics-driven outcomes through sophisticated orchestration. The IDC MarketScape report noted, “In addition to evaluating the transactional data for potential fraud, Experian's CrossCore solution includes identity-authentication tools. The solution uses identity data, device intelligence, email and phone intelligence, alternative identity data, biometrics, behavioral biometrics, one-time passwords, and document verification to confirm identities and aid with identity protection, including synthetic identity protection. Experian utilizes multiple data partnerships in its fraud solution, which often can help provide a more comprehensive understanding of fraud risks and exposures.”

“Given the IDC MarketScape’s comprehensive evaluation of enterprise fraud vendors, we believe our recognition as a Leader highlights how our authenticated identity data and advanced out-of‑the-box analytics help enterprise-scale businesses protect their consumers and assets,” said Alex Lintner, Chief Executive Officer, Experian Software Solutions. “Our leadership in the fraud market reflects our cohesive approach to data, decisioning, fraud, and analytics to ensure we provide holistic solutions through world-class capabilities in each of the markets we serve.”

The IDC MarketScape evaluates how each vendor’s fraud detection and prevention technologies are delivered, their functionality, increases in market share, along with an assessment of the vendor’s innovation and overall research and development (R&D) strategy.

“Much of my IDC research with respect to Financial Crime Compliance has been focused on the concept of increasing integration in vendor solutions, reducing the 'patchwork' of solutions that can be challenging for users to integrate,” said Sean O’Malley, Research Director, IDC. “Experian's Ascend™ platform is a significant step towards increasing integration in Financial Crime Compliance, especially when paired with technological tools, like artificial intelligence and machine learning, designed to increase automation, provide advanced analytics, and improve models.”

“Our aim with Experian’s fraud platform and our other enterprise offerings is to offer highly scalable solutions that evolve with our customers as they grow and provide them with agility in their fraud responses through a 360-degree view of consumer identity,” said Lintner.

An excerpt of the IDC MarketScape Worldwide Enterprise Fraud Solutions 2024 Vendor Assessment can be found here.

About IDC MarketScape

IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

About Experian

Experian is the world’s leading global information services company. During life’s big moments – from buying a home or a car, to sending a child to college, to growing a business by connecting with new customers – we empower consumers and our clients to manage their data with confidence. We help individuals to take financial control and access financial services, businesses to make smarter decisions and thrive, lenders to lend more responsibly, and organisations to prevent identity fraud and crime.

We have 22,000 people operating across 32 countries and every day we’re investing in new technologies, talented people, and innovation to help all our clients maximise every opportunity. With corporate headquarters in Dublin, Ireland, we are listed on the London Stock Exchange (EXPN) and are a constituent of the FTSE 100 Index.

Learn more at www.experianplc.com or visit our global content hub at our global news blog for the latest news and insights from the Group.

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