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Bureau to provide fraud and risk prevention solutions with recent market expansion in Indonesia, Philippines

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Azunta Gaviola

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4 months ago

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Manila, Philippines – Identity decisioning and fraud prevention platform Bureau has recently announced its presence in the Southeast Asian market through its market expansion in Indonesia and the Philippines.

This strategic move underscores the company’s commitment to establish a strong regional footprint in the digital lending and banking sector, providing innovative fraud and risk prevention solutions to digital-first businesses across the region.

As a platform, Bureau offers a range of diverse solutions, including preventing fraudulent users from entering their systems, guarding against evolving fraud tactics, gaining actionable insights on new-to-credit borrowers, and leveraging a powerful trust network.

In particular, the company maps digital personas by correlating user email, phone, and social profiles to physical identities. It then analyses behavioural activity to promptly detect and eliminate suspicious users in real-time.

It also provides a comprehensive machine learning-based toolkit, encompassing device intelligence, device fingerprinting, and behavioural biometrics, to effectively combat synthetic fraud and money laundering.

Additionally, the platform’s tokenized risk scores and contextual analysis deliver clear, actionable insights, guiding informed decision-making through the utilisation of alternative risk intelligence signals.

Bureau’s extensive network, on the other hand, evaluates risk by examining the connections between digital personas, physical identities, and behavioural patterns. This approach provides a profound understanding of individual users.

Talking about the expansion initiative, Ranjan R. Reddy, CEO at Bureau, said, “We understand the specific challenges faced by financial services in Southeast Asia. Our targeted solutions are designed to address these challenges related to new-to-credit borrowers against money mules, social engineering, and account takeovers, offering a tactical approach that solves real-world fraud problems for businesses of all sizes.”

Preekshit Gupta, VP of SEA and MEA at Bureau, also added, “Southeast Asia presents a fertile ground for tech innovation in financial services. With the ever-evolving nature of fraud, having a trusted partner like Bureau is crucial for FinTechs and banks going digital to protect their investments and maintain their customers’ trust.”

“We are proud to be their go-to partner for achieving sustainable growth through effective fraud prevention,” ended Preekshit.

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