NuData Security, A MasterCard Company has been recognized for their significant technology innovation to help mitigate fraud faced by the FinTech Industry
VANCOUVER, British Columbia, May 2, 2018 – NuData Security, a Mastercard company today announced that it has been selected as winner of the “Best Fraud Prevention Company” award by FinTech Breakthrough, an independent organization that recognizes the top companies, technologies and products in the global FinTech market today.
The FinTech Breakthrough Awards is the premier awards program founded to recognize the FinTech innovators, leaders and visionaries from around the world in a range of categories, including personal finance, lending, payments, investments, regtech, insurtech and many more. The 2018 FinTech Breakthrough Award program attracted more than 3,000 nominations from across the globe.
“As exciting as it is to see the many compelling new financial technologies and services available for consumers and businesses, the exponential increase in potential fraud is a critical issue that the FinTech industry faces,” said James Johnson, Managing Director, FinTech Breakthrough. “We are thrilled to recognize NuData Security for their leadership position in the category of fraud prevention and congratulate them for their significant technology innovation to help mitigate these increasing risks of fraud faced by the industry today.”
“Almost weekly, we read in the news about a new breach, hack or exposed server that revealed the financial and personal data of tens of millions of people,” said Michel Giasson, co-founder and CEO of NuData Security, a Mastercard Company. “And every day, leading organizations worldwide trust NuData to protect their customers and preserve their brand integrity. We’re pleased to be honored by the FinTech Breakthrough Awards Program, and view this recognition as an important validation of our success and the possibilities ahead of us.”
NuData’s integrated multi-layered solutions protect customers’ online environments across the complete user session. NuData clients can prevent and block threats that happen at the pre-login stage and across the entire session, monitoring all activity until the user logs out. This continuous verification offers a better insight into the company’s traffic, gives accurate information to make better authentication decisions and provides a seamless experience to legitimate users, without added friction.
NuData Security is a Mastercard company. It helps businesses identify users based on their online interactions and stops all forms of automated fraud. By analyzing over 200 billion events annually, NuData harnesses the power of behavioral and biometric analysis, enabling its clients to identify the human behind the device accurately. This allows clients to verify users before a critical decision, block account takeover, stop automated attacks, and reduce customer insult. NuData’s products are used by some of the biggest brands in the world to prevent fraud while offering a great customer experience.
About FinTech Breakthrough
FinTech Breakthrough, part of the Tech Breakthrough Awards organization, is an independent awards and recognition platform devoted to honoring excellence in Financial Technologies and Services companies and products. The FinTech Breakthrough Awards provide public recognition for the achievements of FinTech companies and products in categories including Payments, Personal Finance, Wealth Management, Fraud Protection, Banking, Lending, RegTech, InsurTech and more. For more information visit http://www.FinTechBreakthrough.com.