AcuityTec Advances Fraud Prevention with Comprehensive Platform Enhancements

AcuityTec, recognized as a leader in KYC and fraud prevention solutions, announced significant enhancements to its platform aimed at combating evolving fraud. The Montreal-based company revealed that its updated offerings include expanded identity verification tools, KYB basic verification services, and advancing its global negative database settings to improve fraud screening accuracy and data quality.

With a reinforced identity verification system, AcuityTec now provides substantial coverage in 167 countries, utilizing over 300 data sources. These enhancements emphasize data-driven approaches in identity validation, facilitating both single-source and 2+2 verifications. The company has also introduced a KYB service for swift verification of business entities, enhancing the security of B2B transactions across its online ecosystem.

The platform's new functionalities include precision-tuned fraud screening and enhanced notification logic, which incorporates dynamic rules supporting anti-money laundering efforts and bank account verifications. AcuityTec has further sharpened its risk management tools by refining risk parameters and optimally coordinating notification thresholds.

Alfredo Solis, Managing Director of AcuityTec, underscored the continual improvements saying, "Our technology strives to set the pace in the fraud prevention industry." These enhancements not only foster agile and informed decision-making via real-time analytics but also improve operational efficiencies through upgraded data filtering systems and enriched reporting output.