PaymentsJournal
SUBSCRIBE
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
No Result
View All Result

Refinitiv Successfully Completes Acquisition of GIACT

PaymentsJournal by PaymentsJournal
December 9, 2020
in Fraud Risk and Analytics, Mergers and Acquisitions, Press Releases
0
Refinitiv successfully completes acquisition of GIACT

Refinitiv successfully completes acquisition of GIACT

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Addition of payment fraud prevention extends expertise in anti-money laundering and financial crime

NEW YORK – Refinitiv has expanded its suite of risk and compliance products following the successful acquisition of Giact Systems, LLC (“GIACT”), an industry leader in digital identity, payments verification and fraud prevention. Refinitiv announced its acquisition of GIACT on November 2nd.

The completion of the transaction comes as Refinitiv marks 20-years of supporting its customers in the fight against financial crime through its risk intelligence solution, World-Check.

Refinitiv will offer GIACT’s platform alongside World-Check to provide customers with a comprehensive fraud prevention, identity verification and compliance platform that addresses money-laundering risks in addition to preventing monetary loss through payments fraud.

The combination of World-Check and GIACT’s EPIC platform will help customers to transact with increased confidence and reduced risk throughout the customer lifecycle. The combined experience and mix of solutions will also help customers across the digital spectrum, from those who need flexible API integrations, to those who require a more in-depth investigative approach to KYC and Client Due Diligence.

“We’re pleased to complete this acquisition and now look forward to introducing our customers to GIACT and our expanded suite of product offerings,” said Phil Cotter, Managing Director of the Risk business at Refinitiv. “GIACT’s real-time payment analytics are a great addition to our existing strength in anti-money laundering and digital identity verification. We now have a more holistic platform to help customers tackle new and emerging fraud threats, accelerated by the economic downturn and the Covid-19 pandemic.”

“We’re excited about the opportunities as we bring our capabilities and expertise of our teams together,” said Melissa Townsley-Solis, co-founder and CEO at GIACT. “Refinitiv has a clear strategic vision for GIACT and our customers can look forward to hearing more as we turn that vision into a reality.”

“Equifax looks forward to the continuation of the relationship begun with GIACT in 2019,” said Joy Wilder Lybeer, United States Information Solutions (USIS) Chief Revenue Officer and Senior Vice President of Global Partnerships at Equifax. “With the acquisition of GIACT by Refinitiv now complete, we will be able to continue our work in helping customers confront the challenges of identity verification and fraud prevention on a global scale.”

Refinitiv will integrate GIACT’s offerings into its risk and compliance business, alongside leading products and services including World-Check, Qual-ID and its recently expanded Enhanced Due Diligence service.

Tags: Covid-19Financial crimefraudfraud detectionfraud managementFraud PreventionFraud Risk and AnalyticsGIACTPress Releaserefinitiv
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Analyst Coverage, Payments Data, and News Delivered Daily

    Sign up for the PaymentsJournal Newsletter to get exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    cashless payments

    Exploring The Future of Cashless Payments

    June 8, 2023
    debit cards, Gen Z

    Debit Builds Consumer Loyalty Among Gen Z and Other Top Demographics

    June 7, 2023
    check fraud

    Check Fraud: The Threat is Real

    June 6, 2023
    smart banking

    Smart(er) Banking Requires More Than Just Tech

    June 5, 2023
    Google Wallet Expands Features

    Google Wallet Continues to Bet on Digital with Expanded Features

    June 2, 2023
    digital value

    How Embracing Digital Value Can Help Solve the B2C Payments Conundrum

    June 1, 2023
    instant payments, real-time payments, RTP

    Banks Developing Instant Payments Products in the U.S. Should Focus on Billers to Generate New Revenue Streams  

    May 31, 2023
    Digital Wallet Use Delivers on Convenience and Security

    Digital Wallet Use Delivers on Convenience and Security

    May 30, 2023

    Linkedin-in Twitter

    Advertise With Us | About Us | Terms of Use | Privacy Policy | Subscribe
    ©2023 PaymentsJournal.com

    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    Menu
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    • Industry Opinions
    • Recent News
    • Resources
    Menu
    • Industry Opinions
    • Recent News
    • Resources
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Industry Opinions
    • Faster Payments
    • News
    • Jobs
    • Events
    No Result
    View All Result