Oakmont Group to participate in Fraud Day 2024 presenting iTransaction

A Oakmont Group[Consultoria], technology services, and cybersecurity specialists, unveiled their latest blockchain-based payment authentication platform, iTransaction, at Fraud Day 2024, considered the largest anti-fraud event in Latin America. The event takes place on October 8th, from 8:00 AM to 8:00 PM, at the Transamerica Expo Center in São Paulo.

iTransaction is a fast and scalable solution, developed by IT Alliance and Oakmont Group, capable of processing tens of millions of transactions. The platform offers anonymity and is entirely software-based, eliminating the need for HSMs (Hardware Security Modules) and PKIs (Public Key Infrastructures). Furthermore, it is a multi-channel, event-driven solution, giving companies greater autonomy in defining when validation should be triggered.

"Currently, the increase in cyberattacks and the vulnerability of companies in this area are evident. According to a Datafolha survey, Brazil experiences 4,600 attempts at financial and digital scams per hour. Another data point from the Central Bank reveals that only 5% of the money lost in scams is recovered. This highlights the importance of a transaction authentication platform, such as iTransaction," comments Aline Rodrigues Sanches, Business Unit Leader at Oakmont Group.

Focusing on this scenario, iTransaction is a transaction authentication platform based on tokenized seeds, authenticating transactions to reduce fraud by applying a unique DNA, acting as a sort of digital fingerprint generated in each transaction. The solution can be acquired through a SaaS model.

Oakmont Group will be at booth 13 along with Minds DigitalVoice ID Tech, a Voice ID Tech company, showcasing the benefits of voice biometrics, corporate citizenship, and iTransaction. "In addition to presenting our new solution to the market, we will also be highlighting the benefits of AI associated with voice biometrics and behavioral analysis, which is essential for detecting fraud in real time, reducing costs, automating processes, and other numerous benefits and advantages of this model that we will share at the event," explains Aline.

This is just the 5th edition of Fraud Day, which has already established itself as the largest anti-fraud event in Latin America, bringing together fraud experts and industry professionals to debate and share their ideas and solutions. The event features lectures on two distinct stages, expanding topics and speaker participation, as well as booths showcasing the latest innovations in this market and opportunities for networking among attendees.

Service

Date: 08/10

Time: From 8 am to 8 pm

Location: Transamerica Expo Center – Av. Dr. Mário Vilas Boas Rodrigues, 387, Santo Amaro, São Paulo, SP

Stand: 13