A Oakmont GroupConsulting, technology services, and cybersecurity specialist, presented its newest payment authentication platform via blockchain, called iTransaction, at Fraud Day 2024, considered the largest anti-fraud event in Latin America. The fair takes place on October 8th, from 8 a.m. to 8 p.m., at the Transamerica Expo Center in São Paulo.
The 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 multichannel and event-driven solution, providing companies with greater autonomy to determine when validation should be triggered.
“Currently, the increase in cyberattacks and the vulnerability of companies in this regard are clear. According to a survey by Datafolha, Brazil records 4.6 thousand attempted financial and digital scams every hour. Another piece of data from the Central Bank reveals that only 5% of the amounts lost in scams are recovered. This shows 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, which authenticate transactions in order to reduce fraud, applying a unique DNA that functions as a kind of digital fingerprint generated in each transaction. The solution can be acquired through the SaaS model.
Oakmont Group will be at booth 13 along withMinds Digital, 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 showcase the benefits of AI combined with voice biometrics and behavioral analysis, which are essential for detecting fraud in real time, reducing costs, automating processes, among many other benefits and advantages of this model that we will share at the event, explains Aline.
This is only 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 discuss and share their ideas and solutions. The event features lectures held on two different stages, increasing the number of topics and speaker participation, in addition to booths showcasing the latest innovations in this market and the opportunity for networking among attendees.
Service
Data: 08/10
Time:From 8am to 8pm
Local: Transamerica Expo Center – Av. Doctor Mário Vilas Boas Rodrigues, 387, Santo Amaro, São Paulo, SP
Booth:13
