Frost Radar™: Fraud Detection and Prevention (Know Your Customer), 2025
A Benchmarking System to Spark Companies to Action - Innovation That Fuels New Deal Flow and Growth Pipelines
08-May-2025
Global
Frost Radar
PFSR-01-00-00-00
AE_2025_33487
$4,950.00
Special Price $4,455.00 save 10 %
The fraud detection and prevention (FDP) market has grown significantly, driven by the frequency, sophistication, and volume of fraudulent attacks. The increase in digital transactions as well as companies’ digital transformation initiatives have created a large attack surface. Businesses are adopting FDP solutions powered by artificial intelligence and machine learning to protect sensitive data and ensure compliance with regulations such as the General Data Protection Regulation and Payment Card Industry Data Security Standard. Artificial intelligence and machine learning enhance solution capabilities, offering real-time monitoring and analysis of transactions, pattern identification, biometric authentication, behavioral biometrics, device intelligence, and more.
Know your customer (KYC) is an essential component of the FDP framework. KYC solutions verify customers’ identities to mitigate risks associated with fraudulent activities and illicit financial transactions. Vendors may use information such as name, address, date of birth, and government-issued IDs to assess a customer’s risk level based on profiles and activities. KYC is not a one-time process; effectiveness and avoidance of risks, such as session hijacking, require continuous monitoring of customer transactions and behavior and an alert about any anomaly. KYC helps businesses with compliance and regulations aimed at curbing money laundering, terrorism financing, and other financial crimes. By implementing robust KYC practices, businesses can protect themselves from fraud and build trust with customers and regulatory authorities.
Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Frost Radar™. The publication presents competitive profiles of each company on the Frost Radar™ considering their strengths and the opportunities that best fit those strengths.
Analyst: Deepali Sathe
AU10TIX
Entrust
Fraud.net
Jumio
Kount, an Equifax Company
LexisNexis® Risk Solutions
NICE Actimize
SEON
Sumsub
Best Practices
Growth Opportunities
Significance of Being on the Frost Radar™
Frost Radar™ Empowers the CEO’s Growth Team
Frost Radar™ Empowers Investors
Frost Radar™ Empowers Customers
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Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform
Growth Index
Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.
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Market Share (previous 3 years)
This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years. -
Revenue Growth (previous 3 years)
This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™. -
Growth Pipeline
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Vision and Strategy
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Sales and Marketing
This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.
Innovation Index
Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.
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INNOVATION SCALABILITY
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RESEARCH AND DEVELOPMENT
This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline. -
PRODUCT PORTFOLIO
This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue. -
MEGATRENDS LEVERAGE
This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline. -
CUSTOMER ALIGNMENT
This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.
Significance of Being on the Frost Radar™
Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.
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GROWTH POTENTIAL
Your organization has significant future growth potential, which makes it a Company to Action. -
BEST PRACTICES
Your organization is well positioned to shape Growth Pipeline™ best practices in your industry. -
COMPETITIVE INTENSITY
Your organization is one of the key drivers of competitive intensity in the growth environment. -
CUSTOMER VALUE
Your organization has demonstrated the ability to significantly enhance its customer value proposition. -
PARTNER POTENTIAL
Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.
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Know your customer (KYC) is an essential component of the FDP framework. KYC solutions verify customers’ identities to mitigate risks associated with fraudulent activities and illicit financial transactions. Vendors may use information such as name, address, date of birth, and government-issued IDs to assess a customer’s risk level based on profiles and activities. KYC is not a one-time process; effectiveness and avoidance of risks, such as session hijacking, require continuous monitoring of customer transactions and behavior and an alert about any anomaly. KYC helps businesses with compliance and regulations aimed at curbing money laundering, terrorism financing, and other financial crimes. By implementing robust KYC practices, businesses can protect themselves from fraud and build trust with customers and regulatory authorities.
Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Frost Radar™. The publication presents competitive profiles of each company on the Frost Radar™ considering their strengths and the opportunities that best fit those strengths.
Analyst: Deepali Sathe
| Deliverable Type | Frost Radar |
|---|---|
| Industries | Aerospace, Defence and Security |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | KYC Market Report |
| Keyword 2 | Fraud Detection Vendors |
| Keyword 3 | Identity Verification Trends |
| Podcast | No |
| Predecessor | None |
| WIP Number | PFSR-01-00-00-00 |