GBG Intelligence Center launches to provide agile, on-demand data intelligence to enhance fraud prevention


Financial institutions utilising GBG Intelligence Center benefit from enriched data intelligence on identity verification, mobile and IP, location, cyber endpoint threat, credit risk, and relationship association to augment fraud detection and accuracy

SYDNEY, AUSTRALIA – GBG (AIM:GBG), the global technology specialist in fraud and compliance management, identity verification and location data intelligence, has today announced the launch of the GBG Intelligence Center. The dynamic platform is connected to an extensive network of proprietary and external technology and data partners specialised in identity proofing, mobile and IP assessment, cyber threats, credit risk and location intelligence.

The GBG Intelligence Center is a core module of GBG’s fraud engine, the Digital Risk Management and Intelligence Platform, designed to enhance fraud detection across multi-channel customer journeys by augmenting the capabilities to validate, verify and assess, transforming raw data points to enrich data intelligence.

Benefits to financial institutions (FIs)

The GBG Intelligence Center helps FIs on GBG’s fraud platform to mitigate lengthy procurement processes for new and critical solutions and become more agile in the fight against new and emerging fraud. FIs typically spend 30-35% of their time integrating new technology, which slows down the ability to launch new digital products. With greater speed to market, FIs can quickly and efficiently rollout products and channels that build digital trust with consumers, and strengthen their defences against the rise of fraud typologies.

Carol Chris, Regional General Manager Australia at GBG, said, “The GBG Intelligence Center is an agile platform that enables organisations to be pre-emptive and improve fraud detection and accuracy, particularly for identity and cyber financial crimes, which are rife in Australia. Year on year, there has been a 55 per cent increase in identity theft, leading to an escalating amount of fraud losses. As Australians shift to online shopping, cashless payments, and remote working, FIs need to pre-empt potential fraud activities and mitigate losses by investing in end-to-end fraud solutions with layered data intelligence.

Capabilities in Australia and across APAC

Currently, the GBG Intelligence Center has nine categories of fraud detection enhancement capabilities connecting to carefully curated best-in-class technology and data partners. It also has the flexibility to connect to any bespoke systems or solutions required by the FI. The GBG Intelligence Center creates on-demand access to a constantly growing and evolving range of best of breed solutions to handle emerging fraud typologies. Users can procure a license key for a desired capability and activate the capability as they need. Using the dynamic Workflow Manager, users can design and orchestrate their desired process to improve fraud detection.

Capabilities in the GBG Intelligence Center include GBG proprietary solutions like Loqate for international address validation and greenID for international biometric, facial and identity verification, and technology partners like CredoLab, which GBG has invested in, for alternate digital credit scoring. The nine capabilities on the solution platform today are:

• Address Validation

• Biometric Verification

• Digital Credit Scoring

• Document Authentication

• Email & IP Assessment

• Endpoint Security

• Identity Associations

• Identity Verification

• Phone Assessment

Chris continued, “The GBG Intelligence Centre is designed to constantly evolve, grow and improve, and provide enhanced defence measures to counter the relentless and sophisticated attacks against FIs. Through Intelligence Center, GBG provides the proposition of on-demand, real-time, and agile fraud prevention which aligns with FIs’ mobile-first and digital-first focus.”

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