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Finovate Debuts: Emailage Detects Fraud Through Users’ Email Address

Finovate Debuts: Emailage Detects Fraud Through Users’ Email Address

 

EmailageHomepage

Emailage is a unique fraud prevention company. Its global risk assessment service helps companies underwrite risk simply by analyzing email addresses, with no further personal information required.

Emailage facts:

  • Saved companies over $140 million last year
  • Is used on every continent except Antarctica
  • Has offices in Sao Paulo, Brazil and London

Emailage has access to more than 4 billion email addresses, 25 million of which are associated with fraud. If an email address in a client’s list is associated with fraud, Emailage flags it and assigns a risk score.

The company’s fraud-prevention solution applies to any situation where an email address is provided. Examples include:

  • Account onboarding
  • P2P money-transfer
  • Account maintenance for existing customers
  • Ecommerce transactions

Additionally, Emailage has partnered with other fraud-prevention solutions to provide an added layer of protection.

How it works

URLEMAILIP1) Receive email addresses
Clients upload batches of email addresses to check for fraud. Multiple ways to upload include:

  • Browser extensions for Chrome, Firefox, and Internet Explorer
  • Rest API
  • Web portal
  • Batch processing
  • Secure file transfer protocol (SFTP)
  • URL/ HTTP Get calls

2) Evaluate risk
Emailage validates the emails and collects data associated with them. In real time, its algorithm alerts clients of any fraudulent activity associated with the addresses. It uses machine learning, so fraud alerts improve with every use.

3) Assign risk score
Emailage sends clients a risk score for each email address, along with the data, such as domain information, accompanying each.

EmailageOutput

The fraud-risk output is easy to understand. Businesses can customize the data by adjusting the scoring system to suit their preferences. Emailage’s algorithm detects 50% of all fraud problems with a 30% hit ratio. Its scoring system ranges from 1 to 1,000:

Emailageriskscore

In January, Forbes listed Emailage as one of 100 of America’s most promising companies of 2015.

Emailage debuted its browser extensions at FinovateSpring 2015 in San Jose. Check out the demo video below.