WINK reinforces platform security with SHIELD

The fintech leverages SHIELD Device Intelligence to eliminate fraudulent activities in real time and build trust
PRNewswireFebruary 9, 20243 min

WINK, the first neo cooperative inĀ Costa Rica, announces a partnership with SHIELD, the device-first risk intelligence company. The goal is to combatĀ fraudĀ and ensure a secure and reliable financial services platform.

Owned by Coopenae, one of the country’s largest financial institutions, WINK is 100% digital, with no bank branches. Aware thatĀ fraudĀ is growing quickly online, they adopted a zero-tolerance approach to fraudsters. The fintech chose to use SHIELD Device Intelligence, a cutting-edge AI powered technology, to stay ahead of risks and build trust in its ecosystem.

WINK leverages SHIELD’s technology to continuously monitor tens of thousands of device, network, and behavioral data points in real time in order to create a risk picture. No Personal Identifiable Information (PII) is required, and it prioritizes privacy while fully complying with General Data Protection Regulation.

With the solution in place WINK can tackle allĀ fraudĀ threats that impact the fintech industry. The technology supports them in identifying fraudulent devices used to create fake accounts, preventing promo abuse and money laundering. It also helps them to pinpoint malware and malicious tools associated withĀ fraudĀ – thus addressing the issue of fraudsters exploiting accessibility permissions to conduct account takeovers.

DiegoĀ Loaiza, director at WINK, said, “Our mission is to provide a reliable and 100% digitized financial experience. The partnership with SHIELD has been essential because it detects and eliminatesĀ fraudĀ attempts in real-time and allows WINK to build trust with our users by ensuring a secure platform.”

Justin Lie, founder and CEO of SHIELD, added, “We know thatĀ fraudĀ is a challenge for fintechs and that security is essential for customers to trust digital platforms with their investments. We are honored to help WINK ensure a reliable mobile service.”

Stay Ahead of the Financial Curve with Our LatestĀ Fintech NewsĀ Updates!

PRNewswire

newOriginal-white-FinTech1-1

We are one of the worldā€™s leading Fintech-based media publication with our content strategized and synthesized to fit right into the expanding ecosystem of Finance professionals. Be it fintech live news, finance press releases, tech articles from Fintech evangelists or interviews from top leaders from global fintech firms, we give the best slice of knowledge topped up with the aptest trends. Our sole mission is to help tech and finance professionals step up with the rapidly emerging Fintech civilization and gain better insights to emerge victorious in every possible way. We adopt a 360-degree approach in order to cater to present a holistic picture of the fintech arena.

Our Publications



FintecBuzz, 2024 Ā© All Rights Reserved