BOISE, Idaho--(BUSINESS WIRE)--Kount, the leading digital fraud prevention company, today announced that it has been selected as a finalist in the Finovate Awards’ Best Use of AI/ML Category, making it the only fraud prevention solution honored. Kount’s next-generation AI emulates an experienced fraud analyst, protecting companies from new, emerging, and sophisticated fraud. With the ability to weigh the outcomes of both advanced unsupervised and supervised machine learning, Kount’s AI allows businesses to set risk thresholds to deliver increased revenue, reduce operational costs, and experience fewer false positives and false negatives.
Kount’s AI is the latest of the company’s innovations that include more than 30 patents. More than 6,500 leading global brands rely on Kount’s advanced technology to protect their digital innovation. These advancements have led to a number of accolades, including being named a finalist in two Finovate Awards categories. In addition to the Best Use of AI/ML, Kount’s founding CEO Brad Wiskirchen is included among leaders from Fiserv and SoFi for Executive of the Year. Winners will be announced on September 24, 2019 at the Finovate Awards dinner.
“Kount began deploying supervised and unsupervised machine learning in transactional fraud prevention more than a decade ago,” said Wiskirchen. “It’s inspiring to see how our technology has made breakthroughs in fraud prevention, enabling our customers to stay ahead of the latest attacks. It’s an honor that our peers continue to recognize Kount as the leader in digital fraud protection.”
In addition to Finovate, several key industry awards have highlighted Kount’s technical excellence in 2019:
- The 2019 CNP Awards honored Kount with two notable distinctions: the Judges Choice award and the Customer Choice award for Best Antifraud Solution, sweeping the category. This is the eighth consecutive year that Kount has won a CNP Award.
- JMP Securities Elite 80 named Kount to its list of hottest cybersecurity, data management and IT infrastructure companies. Kount is the only digital fraud prevention company showcased in the report, which recognizes the most interesting and strategically positioned private companies that have the capability to dominate their respective markets.
- The Idaho Business Review’s Icon Awards recognized Wiskirchen as one of the state’s most exceptional leaders, for his impact on Idaho and its residents. Recommended by Mark Gould, first VP and COO of the Federal Reserve Bank of San Francisco, Wiskirchen stands out for his unparalleled track record of leadership, professional accomplishments, community service, and vision.
- KNOW Identity Awards named Wiskirchen as one of the best CEOs of the Year. This award recognized the most compelling leaders in the digital identity, trust, and the data economy.
Kount’s award-winning AI-driven digital fraud prevention solution is used by 6,500 brands globally, helping them to reach their digital innovation goals. Kount’s patented technology combines device fingerprinting, supervised and unsupervised machine learning, a robust policy and rules engine, self-service analytics, and a web-based case-management and investigation system. Kount’s solutions stop fraud and increase revenue for digital businesses, acquiring banks, and payment service providers. www.kount.com