Oscilar, the cutting-edge AI Risk Decisioning™ platform, is thrilled to announce a strategic partnership with Spade, the fastest and most accurate provider of real-time merchant intelligence for the card ecosystem. This collaboration marks a significant milestone in the fintech industry, combining Oscilar's advanced risk management capabilities with Spade's unparalleled merchant data accuracy.
Enhancing Risk Decisioning with Precise Merchant Intelligence
The partnership integrates Oscilar's comprehensive risk management platform with Spade's ground-truth merchant database, covering over 99.9% of merchants in the U.S. This powerful combination will enable financial institutions to:
Improve Real-Time Authorization: Leverage Oscilar's AI-driven decisioning, enhanced by Spade's sub-50ms response time, for improved transaction approvals and more granular spend controls.
Elevate Fraud Detection: Utilize Oscilar's advanced fraud prevention models bolstered by Spade's exact geographic data and detailed merchant information.
Enhance Customer Insights: Gain deeper visibility into customer spending patterns through Oscilar's analytics, enriched by Spade's detailed merchant data.
Streamline Compliance: Benefit from Oscilar's robust AML and compliance solutions, supported by Spade's accurate merchant categorization.
Revolutionizing the Financial Services Landscape
Neha Narkhede, Co-Founder & CEO of Oscilar, stated, "The combination of our generative AI Risk Decisioning platform and Spade's deep merchant insights offers an unparalleled solution to streamline and increase the accuracy of merchant onboarding and transaction monitoring. This partnership represents a major leap forward in our mission to transform risk management for digital organizations."
"By integrating Oscilar's AI-powered risk decisioning platform with Spade's real-time merchant intelligence, we're setting a new standard for accuracy and efficiency in the financial services industry," added Oban MacTavish, co-founder and CEO of Spade. "This partnership will empower our clients to make faster, smarter decisions while significantly reducing fraud risks."
Key Benefits of the Oscilar-Spade Integration:
Comprehensive Fraud Detection: Combine Oscilar's AI-powered risk management with Spade's cutting-edge merchant verification for unparalleled accuracy in identifying fraudulent transactions.
Enhanced User Experience: Significantly reduce false positives using Oscilar's advanced analytics, ensuring legitimate transactions proceed smoothly while maintaining robust security measures.
Scalable and Adaptive Risk Management: Stay ahead of evolving threats with Oscilar's solution, which adapts to changing fraud patterns in real-time, enriched by Spade's detailed merchant data.
Streamlined Implementation: Benefit from quick integration with Oscilar's no-code interface and Spade's easy-to-implement API, allowing for easy customization without extensive engineering resources.
Advanced Device and Behavioral Intelligence: Leverage Oscilar's cutting-edge device intelligence and behavioral biometrics solution, which monitors Thousands of signals across device intelligence, behavior biometrics, user intent, and activity across every customer touchpoint. This feature helps identify and prevent sophisticated fraudulent patterns in real-time, including account takeovers and scams, while reducing friction for legitimate customers.
About Oscilar
Based in Palo Alto, California, Oscilar is the leading provider of AI Risk Decisioning solutions, empowering financial institutions to manage fraud, credit, and compliance risks effectively. At the heart of Oscilar's offerings is a no-code, AI Risk Decisioning platform that analyzes vast amounts of data in real-time, identifying patterns and anomalies to detect fraud, optimize credit assessments, and ensure regulatory compliance. Developed by the team behind industry-leading risk management platforms at companies like Google, Facebook, Uber, Citi and JPMC, Oscilar's solution enhances decision-making speed and accuracy, ensuring high security and regulatory compliance. Oscilar serves a broad array of organizations, including fintechs, banks, credit unions, and financial institutions, helping them navigate complex risk landscapes with confidence and stay ahead in the rapidly evolving financial services ecosystem.
About Spade
Spade provides real-time merchant intelligence for the card ecosystem, leveraging its ground-truth database to link any card transaction to a real merchant identity. Spade leads the market in merchant coverage, geolocation matching accuracy, and speed of transaction enrichment.
For more information about how this partnership can benefit your organization, please contact [email protected] or [email protected].
