Luxand.cloud's fraud detection solution, which is based on face recognition and liveness technology, can be used in various use cases, such as preventing account takeover, ensuring KYC compliance, and enhancing border security. Reduce losses, comply with regulations, and protect your customers with Luxand.cloud today!Request Free Demo
A study by Accenture found that 83% of consumers are more likely to do business with a company that takes steps to protect their personal information.
According to Experian, businesses lost a staggering $433 billion to fraud in 2023. Implementing a fraud detection solution can significantly reduce these losses.
A study by Aite Group found that merchants using fraud detection solutions saw a 3-5% increase in authorized transactions.