Incognia

We’re still buzzing from the excitement of last week! 🤩 ✈ The Incognia team met up in London 🚙 Held a workshop for delivery and ride-sharing platforms 🌐 Sponsored and participated in the Marketplace Risk Global Summit. The workshop was part of PIN - Platform Integrity Network, the community we started this year for fraud & risk professionals at delivery and ride-sharing platforms. We had some amazing participants representing 11 different companies (see the group photo below) and it was a great workshop. PIN continues to grow and is developing into a special community. Later in the week, our team also participated in the Marketplace Risk Global Summit and presented two sessions: Fraud-as-a-Service: GenAI and the Sophisticated Tools Used by Fraudsters Speakers: Eduardo Pires and Raphael Vasconcellos from iFood Unmasking Ban Evasion: Innovative Fraud Prevention Tactics for Multi-Sided Platforms Speakers: André F., Izabela Vidigal Azevedo from iFood, and Taki Bouyoucef from Yassir Thanks to everyone who collaborated with us and helped it a special week!

Did you hear about our new partnership with Grubhub? We're thrilled to be working together 😁

Last week, members of the Incognia team participated in the Brazil Programming Marathon Finals for the International Collegiate Programming Contest (ICPC).  Our teammates were spread between a number of different teams in the competition. Highlights: 🎉 5 Incognia employees were in the top 20 teams in Brazil 🏆 1 Incogniar’s team finished 1st in Brazil and also finished 1st in LATAM  🏅3 Incogniars' teams received medals securing spots in the LATAM finals. 👏🏼 4 more Incognia teammates participated in the marathon with non-competing teams 💜 One of our teammates also gave a talk at the event and others answered questions about our daily work at Incognia Congratulations to everyone! We’re proud of you.

Big day! Incognia is partnering with Grubhub 🤝 We’re thrilled to be working with Grubhub, a leading US food delivery marketplace. They’ll be leveraging Incognia’s fraud prevention technology to increase security and create a seamless experience for their customers and delivery partners. Our initial testing with Grubhub showed exciting results: Incognia has already been proven to increase their order profitability and decrease care costs. Grubhub is joining a growing list of world-class companies that rely on Incognia to tackle fraud. We’re excited to build a great partnership with the their team! 👏 Click below to read the full press release: https://lnkd.in/gVD2VBXa

I had a fantastic time at Money20/20 this week, discussing how the US financial services industry can learn from Brazil's innovations.   As you may know, Brazil is a global leader in fintech innovation. It boasts one of the world's most advanced instant payment systems, PIX, and is home to the largest neobank, Nubank.   It was a pleasure to speak on this panel alongside Luciano Matarazzo Regno from Banco do Brasil. We explored how open finance and PIX have accelerated financial inclusion, allowing the fintech ecosystem to thrive.   One key point I made was that while these innovations initially led to a surge in fraud, banks adapted quickly. In fact, I believe they are at least four years ahead of their US counterparts in terms of fraud prevention technology.   To illustrate this, I mentioned that only 1% of the top 50 Brazilian financial institutions currently rely on legacy authentication methods, such as SMS-based one-time passwords (OTPs). In contrast, 75% of the top 50 financial institutions in the US still use this insecure verification method.

Marketplaces: Are fraudsters multi-accounting on your platform? Leveraging multiple accounts enables fraudsters to scale fraud schemes like promotion abuse and refund abuse. Banning their account won’t stop them, because they’ll just jump on another one. Some fraudsters even use advanced tools like app cloners and emulators that allow them to create and use dozens of accounts at the same time. Next week, we’re holding a webinar with Marketplace Risk about how marketplaces can crack down on multi-accounting, featuring experts from Glovo, Just Eat Takeaway.com, and Incognia. We’ll cover topics like: - How to know if you have a multi-accounting problem - The tactics and tools fraudsters are using - How platforms can put a stop to this abuse Need to upgrade your defenses against multi-accounting? Join us to learn how! Register at this link: https://lnkd.in/gGea8884

Come see Incognia at Money20/20 in Las Vegas next week! We're thrilled to be collaborating with Banco do Brasil for some exciting events around the conference. First, we're hosting an exclusive VIP breakfast for financial services leaders to discuss fraud prevention lessons learned from Pix and Open Finance in Brazil. And then our CEO André F. is presenting a conference session with Luciano Matarazzo Regno from Bank Do Brasil titled "Unlocking Tailored Credit: Brazil's Open Finance Revolution" Their session will explore Brazil's pioneering Open Finance initiative and its profound impact on credit accessibility and customization. We're excited to bring insights about these innovations in Brazil to Money20/20!

Great insights from Dolly Sureka on promotion abuse 👏🏼 It was an honor to have Dolly participate in our panel about promotion abuse at Marketplace Risk's conference in San Francisco. To watch the full sesssion "Guardians of Growth: Fighting Promotion Abuse and Redefining Fraud Prevention", click the link below: https://lnkd.in/gAb52kPF

We are thrilled to announce our strategic partnership with FREENOW, Europe's leading multi-mobility app! This collaboration marks Incognia’s debut in Europe, expanding our footprint to nearly 190 countries worldwide. "We are committed to making urban mobility more efficient, safe, and reliable," said Ashu Singhal, Chief Product and Technology Officer at FREENOW. "Partnering with Incognia enables us to deliver this value, ensuring our platform remains a trusted choice for our users across Europe." At Incognia, we believe that fraud prevention is key to business growth. Our advanced solutions provide superior protection against fraud without adding friction for legitimate users, empowering businesses like FREENOW to focus on delivering exceptional customer satisfaction while achieving efficient and sustainable growth and profitability. Want to know more? Read the full press release: https://lnkd.in/dSX48aRY

In an era of unprecedented digital connectivity, robust fraud prevention strategies are crucial to keep businesses away from bad actors. As fraudulent tactics evolve, the need for innovative solutions becomes even more pressing. Our CEO, Andre F., recently shared insights in the Forbes Technology Council on how companies can stay ahead of sophisticated fraudsters. From #GenAI creating convincing fake identities to app tampering and ghost hand attacks, the landscape of fraud is more complex than ever. Discover how integrating device, network, and behavioral signals can build tamper-resistant systems that identify repeat offenders and protect your business. André's piece emphasizes the importance of a holistic approach, leveraging AI, ML, and biometric technologies for a future-proof strategy. Read the full article "The Evolving Face Of Fraud: How Companies Can Build A Solid Fraud Prevention Strategy" to learn more about staying a step ahead in the fight against fraud by accessing the link: https://lnkd.in/dkKqQzTC.