Fraud Prevention

Fraud increasingly involves people, accounts, devices and transactions that may appear legitimate when considered individually.

Gwirio provides access to verified data points from authoritative sources that organisations can use to identify potential fraud and make better risk decisions.

These data points can include identity, accounts, mobile devices, location, transactions and other relevant events or relationships.

Gwirio enables an organisation to ask a specific question and obtain a trusted answer from the organisation that is best placed to answer it — without necessarily exposing the underlying personal information.

Why

Many organisations already have sophisticated fraud and risk systems. The problem is that important information needed to make a decision is often held by someone else.

A bank may know the customer's transaction history but not whether their SIM was recently changed.

An MNO may know what has happened to a mobile number but not whether a transaction is consistent with the customer's banking relationship.

A social platform may know whether an account has been associated with a verified person, while another platform may have no reliable way to establish that relationship.

Organisations often address these gaps by collecting more information, building integrations and creating copies of data in their own systems.

This adds cost and complexity, increases the amount of personal information they hold, and does not necessarily provide greater confidence in the decision.

Gwirio provides a different approach:

What Gwirio can verify

Gwirio can provide verified data points relating to:

These individual data points can also be combined. Where multiple independently verified certificates relate to the same person, account or device, Gwirio can use that evidence to establish a stronger trust assessment.

How it works

Gwirio does not need to replace an organisation's existing fraud engine.

It provides additional trusted information for the decisions that system already makes.

What value does this provide?

Where it can be used

Start with a real problem

Gwirio is open to working with organisations that have a specific fraud or risk problem where information from another authoritative source could improve the decision.

A pilot can identify:

• the decision being made;
• the information that would improve it;
• the organisation that can verify that information;
• the trusted answer required;
• how the answer can be incorporated into the existing process; and
• how the result will be measured.

The objective is not to assume that Gwirio will reduce fraud.