NEWARK, Del.--(BUSINESS WIRE)--Turnkey Risk Solutions (TRS), a risk management company specializing in first party fraud and nationally recognized authority on synthetic identity fraud detection and prevention, has rebranded as Humaitrix to support its new strategic direction. Humaitrix unites the human experience with advanced technologies to mitigate fraud risk, enhance compliance, maximize operational resources and reduce financial loss. The company will now offer risk or first party fraud solutions-as-a-service and data analytics services, in addition to risk consulting. Longtime payments industry veterans John J. Leehy III and Gregory W. Sahrmann have joined the company to help facilitate the company’s expanded vision and will serve as chief executive officer and chief operating officer respectively.
Humaitrix utilizes a holistic and layered approach to help organizations combat the growing threat of first party fraud. More than two decades of knowledge and experience, combined with entity resolution, custom algorithms, artificial intelligence and machine learning go into the company’s proprietary suite of fraud detection, prevention and advanced analytics solutions. Through embedded applications, Humaitrix technology finds hidden corollaries linking false identities and fraudulent credentialing. Partnering with financial institutions, payment processors, insurance carriers and healthcare providers, Humaitrix empowers clients with faster and more accurate new account screening, portfolio monitoring, compliance remediation and more.
Humaitrix founder and former JP Morgan Chase risk executive Amy Walraven will serve as president and chief strategy officer. “Our company has long been at the forefront in the fight against synthetic fraud and we are now able to provide lenders and other service providers with the tools they need to identify and categorize hidden fraud patterns within their enterprise data,” said Walraven. “Adding two strong and accomplished leaders like John and Greg positions Humaitrix for a truly exciting future,” added Walraven.
“Greg and I are excited to be joining the Humaitrix team,” stated Leehy. “The company has incredible expertise in combatting today’s sophisticated fraud threats and we’re eager to help lead the way forward,” added Leehy.
Humaitrix is a risk management company specializing in the development and application of highly complex algorithms for detecting various forms of first party fraud. Extensive analytical, investigative and operational expertise drives industry leading solutions that proactively detect and prevent synthetic identity fraud, credit abuse and credit bust-out schemes, while providing more robust compliance with minimal customer friction. Founded in 2013, Humaitrix is headquartered in Newark, Del. To learn more, please visit humaitrix.com or call (302)-273-3007.