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Quavo Fraud & Disputes has teamed up with Snowflake.
The partnership between Quavo and Snowflake will permit Quavo to supply its purchasers entry to extra in depth datasets, serving to them handle their fraud and disputes processes.
Because it was based in 2015, Quavo has helped recuperate almost $660 million for 6+ million customers
Disputes-as-a-Service firm Quavo Fraud & Disputes introduced that it has teamed up with knowledge warehouse-as-a-service supplier Snowflake this week.
“As Quavo has continued to push the restrict of automation within the fee dispute administration area, knowledge safety and adaptability have change into more and more essential,” mentioned Quavo Director of Strategic Partnerships Dana Reiner. “I’m excited we’ve formalized our relationship with Snowflake, as they’ve confirmed to be a significant a part of our analytics and innovation.”
Quavo will combine Quavo Fraud & Disputes (QFD) with Snowflake’s platform. QFD is Quavo’s SaaS platform that helps issuing monetary establishments resolve fraudulent and disputed transactions. Utilizing the software, banks can handle the whole stream of the disputes course of. By partnering with Snowflake, Quavo will be capable to provide its purchasers entry to extra in depth datasets, which can assist them handle their fraud and disputes processes.
Quavo was based in 2015 to assist monetary establishments cope with the rising value of fraud and fee disputes. Since then, the corporate has helped recuperate almost $660 million for 6+ million customers who’ve suffered monetary fraud, service provider points, and id theft. Quavo counts KeyBank, Galileo, Inexperienced Dot, and others amongst its purchasers.
Snowflake launched its knowledge platform in 2012 to assist companies load, combine, analyze, and share their knowledge, securely and at scale. Whereas the California-based firm’s options span many various verticals, Snowflake’s monetary providers use instances embrace quantitative analysis and buying and selling, customized funding planning, monetary crime prevention, insurance coverage underwriting instruments, and extra.
Snowflake’s Head of Banking & Capital Markets James McGeehan made it clear that at the moment’s partnership is simply the beginning of the alliance between the 2 firms. “We stay up for additional collaboration with Quavo in an effort to advance fraud decision capabilities for monetary establishments,” McGeehan mentioned. “Our scalable cloud knowledge platform mixed with QFD will assist to arm issuers with a sturdy knowledge resolution for the struggle in opposition to fraud, and assist clients to safeguard shoppers’ monetary well-being.”
Photograph by Dominika Gregušová
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