Incognia has launched a free ‘Developer Edition’ of its mobile fraud prevention solution to help protect users of fintech and m-commerce apps.
Spurred by the pandemic, mobile transactions increased by 250 percent in 2020. According to Adjust’s Mobile Finance Report 2020, investment apps saw a particularly impressive session growth of 88 percent between January and June 2020.
The rapid increase in mobile transactions has attracted fraudsters looking to line their pockets at the expense of those often seeking to alleviate the pandemic-driven financial hardships they face. Incognia is using its location identity expertise to help counter the bad guys.
André Ferraz, Founder and CEO of Incognia, said:
“Mobile adoption and contactless payments are fueling the growth of mobile apps that process payments and need fraud detection. Along with the growth in mobile app usage is a growing demand for frictionless mobile experiences that are also secure.
We’re excited to launch our developer offering to allow mobile app developers access to frictionless identity verification and authentication features for mobile users.
With the free Incognia Developer Edition, companies of any size will be able to drive more revenue and reduce costs through their mobile apps while delivering a superior customer experience.”
Incognia uses a range of factors – including location information and data from motion sensors – to deliver a risk score. This score helps to detect and counter illegitimate behaviour in fintech and m-commerce apps across all phases of the user journey, including onboarding, authentication, and payments.
The solution claims to offer rapid SDK integration along with APIs that “integrate within minutes and provide actionable insights from day one.” SDKs are available for both iOS and Android.
Thousands of API requests per month are supported for free as part of the Developer Edition. Mobile apps with larger userbases will need to move up to one of Incognia’s paid enterprise solutions. The solution can be used either standalone or integrated with most risk engines.
You can find out more about how to get started through Incognia’s developer portal here.
(Image Credit: Mohamed Hassan via Pixabay)
