If there’s one thing we’ve learned from the Covid 19 pandemic, it’s that the systems we use every day and the organizations that rely on them must be resilient and adaptable to change.
Throughout the pandemic, TSYS Foresight Score, powered by Featurespace, proved to be a baseline measure and standard of stability in the financial services ecosystem. Built with adaptability and change in mind, TSYS Foresight Score continued to protect millions of people from fraud and financial crime, even as underlying transactional behaviors changed.
This new report from TSYS and Featurespace, “Ongoing Adaptability in Unpredictable Times”, shows that despite the unpredictable spending patterns driven by the Covid 19 pandemic, the stability of TSYS Foresight Score, powered by Featurespace, prevented fraud and protected issuers and their customers during widespread volatility. In fact, TSYS customers who used the TSYS Foresight score saw a net fraud reduction of 70%.
In times of increased uncertainty, consumers want and deserve increased levels of financial security. Financial institutions that can outsmart risk and outpace criminals will always be ahead of the game.
Download the full version of the report here.Download Report