The Oakmont Group, consultancy, technology services, and cybersecurity expert, presented its newest blockchain-based payment authentication platform, called iTransaction, at Fraud Day 2024, considered the largest anti-fraud event in Latin America. The fair takes place on October 8, from 8 am to 8 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 totally software-based, eliminating the need for HSM (Hardware Security Modules) and PKIs (Public Key Infrastructures). Moreover, it is a multi-channel and event-driven solution, giving companies greater autonomy to define when validation should be triggered.
“Currently, the increase in cyber attacks and the vulnerability of companies in this regard is evident. According to a Datafolha survey, Brazil records 4.6 thousand financial and digital fraud attempts per hour. Another data from the Central Bank reveals that only 5% of the lost amounts in scams are 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, which authenticate transactions aimed at reducing fraud by applying a unique DNA, which acts as a kind of fingerprint generated in each transaction. The solution can be acquired through the SaaS model.
The Oakmont Group will be at booth 13 along with Minds Digital, 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 highlight the benefits of AI associated with voice biometrics and behavioral analysis, 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 presentations that take place on two separate stages, increasing the topics and participation of speakers, in addition to booths showcasing the latest developments in this market and the opportunity for networking among participants.
Service
Date: 08/10
Time: From 8am to 8pm
Location: Transamerica Expo Center – Av. Dr. Mário Vilas Boas Rodrigues, 387, Santo Amaro, São Paulo, SP
Booth: 13
