Nick Vitchev, Research Director at Chartis, says: ‘Lynx’s category leader placement in both quadrants reflects its ability to deliver in several areas that are critical to enterprise fraud management, backed by strong core technology and advanced modelling capabilities. Alongside strong behavioural modelling and the ability to customise to complex fraud scenarios and typologies, Lynx’s modelling strength in payment fraud enables it to handle high transaction volumes accurately at speed, across a number of payment rails.’By leveraging cutting-edge AI and machine learning technologies, Lynx empowers financial institutions to rapidly adapt to evolving fraud threats. The company continues to launch new agile solutions, with its recent Mule Account Detection solution offering real-time mule detection for banks and financial institutions to stop trillions of illicit dollars flowing through the global financial system each year.
Dan Dica, CEO of Lynx, comments: “Lynx’s category leader placing in both quadrants underscores our leadership in platformisation and no-code configuration for fraud prevention. Alongside strong behavioural modelling, and the ability to customise to complex fraud scenarios and typologies, Lynx’s modelling strength in payment fraud enables it to handle high transaction volumes accurately at speed, across a number of payment rails.”The latest accolade follows Lynx’s recognition in May as a Best of Breed Solution in the 2024 Chartis RiskTech Quadrant for Name and Screening solutions, further solidifying the company’s position as a frontrunner in the financial crime prevention sector.
