ENACOMM Adds REDi Risk Analytics to Financial Services Portfolio

ENACOMM is bolstering its fraud prevention capabilities through a new partnership with REDi Enterprise Development. The move is in keeping with ENACOMM’s recent efforts to expand its portfolio, and will allow the company to provide more comprehensive risk management and detection services to its financial customers.

To that end, ENACOMM will specifically be integrating REDi’s fraud prevention software with its own Fraud Control Module and Virtual Interactive Analyst (ViA) solutions. REDi’s offerings include REDiVerify, REDiNotify, and RediCardControl. Of those, REDiVerify is an analytic solution that monitors transactions to generate risk scores in real time, while REDiNotify allows organizations to send notifications across email, voice, text, and mobile channels. Finally, RediCardControl gives people more control over their finances, insofar as it allows people to dictate which transactions should be approved based on factors like time and location.

For its part, the ENACOMM ViA enables real-time activity tracking and reporting, and can send an alert whenever suspicious behavior is detected. The Fraud Control Module supplements the ViA, helping organizations respond to fraud on any channel running the analytic platform.

The partnership will also empower ENACOMM as an official REDi reseller, to the extent that the company will be able to package REDi’s APIs alongside its own products when reaching out to potential customers. ENACOMM will return the favor, and provide REDi with communication channels that its customers can use to send alerts to its own end users.  

“Open APIs make it possible to better serve customers with more comprehensive, technically-specialized solutions, thanks to greater collaboration and innovation,” said ENACOMM CEO Michael Boukadakis.

“ENACOMM shares REDi’s commitment to reducing fraud losses for our financial institution customers while improving the customer experience for their bank customers and credit union members,” added REDi President and CEO Rodney Fuller. “REDi is excited to reach more financial institutions with our fraud prevention and enterprise notification solutions.”

The news comes less than a week after ENACOMM announced that it would now be offering face-based onboarding services thanks to a new partnership with IDmission. ENACOMM itself is best known for providing voice assistants and voice recognition for the financial industry.

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June 7, 2021 – by Eric Weiss