User authentication, and in particular two-factor authentication, is a key step for secure data transactions. Pretty much all financial institutions mandate two-factor authentication for all mobile and online transactions to prevent fraud. Two-factor authentication usually constitutes something that the user has (e.g. mobile phone, credit or debit card) and the user knows (e.g. password or […]
Fotopod – A case for disruption in the Digital Identity Photo market?
Since time immemorial, we have been asked to stick paper photos onto application forms. Driver’s license, Visa forms, ID cards, School applications, Bank applications – you name it. Wherever you went, you carried with you your avatar on paper – torn, outdated, pixelated. Sounds so 19th century. Well, it’s time to change all of that with fotopod.
Axilor chooses Vistas
Rarely does this happen: you are called in for a potential funding opportunity by a leading venture capital firm and you end up leaving the room closing a sale. It was particularly gratifying because the product clearly won. We felt there was a genuine need to improve Axilor’s visitor experience, in an otherwise uber cool […]
Application Fraud – Alarming increase in loan fraud.
Application fraud is committed when fraudsters provide incomplete, inaccurate, fabricated or stolen information with an intent to defraud the service provider.
Happy 6 – Bold goals with a sense of progress and optimism.
What an incredible year it has been. From going live with Vodafone India – largest installation to date processing over 5 billion call records to protect Vodafone customer from fraud – to winning the AnthaPrerana 2015 Competition (a TiE Bangalore initiative for start-ups). It didn’t end there. We were also part of the Canada India […]
IRSF Attacks – One down but many on the loose.
The fascinating story about the arrest of Noor Aziz Uddin, one of FBI’s most wanted cybercriminal for international phone fraud came to a quiet end on 14 February in the outskirts of Karachi. It is said that Uddin and his accomplice had amassed a wealth of over $50 million in a short span of 4 […]
Happy fifth
Back in 2010, 23 February to be precise, FRS Labs existed only on paper. It had no contracts, no clients, no office, no products and no employees. A non-binding and casual chat over coffee to jointly develop a product with Vodafone was all it took to get started on this journey. Turning the clock forward […]
Application Fraud
What is application fraud? Application fraud is committed when fraudsters provide incomplete, inaccurate, fabricated or stolen information with an intent to defraud the service provider. Application fraud can be classified as ‘first party fraud’: those deliberately providing inaccurate or fabricated information, or ‘third party fraud’: those that are stolen from another citizen (Identity Theft) or […]
Visitor Access System – A case study
Challenge: Six leading multi-national corporations – all of whom are in the fortune 500 list – occupy an impressive multi occupancy office complex in Ireland. There are, on an average, 250 visitors each day, to meet hundreds of hosts, seated at different locations in the vast office complex. There is a single receptionist and a […]
Subscription Fraud – Control this and you can control your fraud losses.
Subscription Fraud Overview: Subscription fraud, despite the many controls in place, is still vicious and widespread. According to multiple CFCA surveys, virtually every service provider is affected by Subscription Fraud. The impact of subscription fraud does not stop with revenue loss alone. The effects could be catastrophic in terms of escalating complaints, poor customer experience, […]
