Fraud Prevention solutions provider Bureau enters Saudi Arabia

Fraud Prevention solutions provider Bureau enters Saudi Arabia

Bureau, a global leader in identity decisioning solutions, has entered into the Kingdom of Saudi Arabia (KSA), offering cutting-edge identity verification, fraud prevention, compliance management, and risk mitigation services.

As businesses in KSA grapple with the latest anti-financial fraud regulations set forth by the Saudi Arabian Monetary Authority (SAMA), Bureau’s robust platform promises to fortify the financial sector against fraudulent activities while streamlining customer onboarding processes. SAMA is the first but surely not the last regulatory body to emphasize consumer protection and fraud prevention.

Bureau’s innovative approach is founded on three pillars: mapping digital personas to physical identities, analyzing behavioral activity, and building an identity network through link analysis. By combining these elements, Bureau assesses the riskiness of transactions as well as identities and detects anomalies that could be indicative of fraudulent activity. This holistic approach addresses the shortcomings of traditional methods and provides unparalleled security and efficiency.

“Bureau is excited to bring its advanced Fraud Prevention solutions to the KSA market. As financial institutions and businesses in Saudi Arabia seek to comply with the new anti-financial fraud regulations set by SAMA, our solution offers a comprehensive, one-stop product suite for identity, risk, fraud, and compliance needs. By combining digital and physical identity