RISK IDENT has been named “Best Fraud Prevention Company” at the 2019 FinTech Breakthrough Awards, marking a second consecutive win for the leading European anti-fraud company.

The 2019 awards program, which recognizes the leading technologies, companies and products in the global FinTech industry, attracted a record-breaking 3,500+ nominations from across the globe.

Since being named “Best Financial Transaction Security Company” in 2018, RISK IDENT has continued to grow its enterprise customer base and protect increasing transaction volumes. This saw the company lead the way in fraud prevention, taking the reins from last year’s winner, NuData Security, A Mastercard Company.

Winners from other categories include Kabbage, HSBC, Adyen, Credit Suisse, TD Securities, Gusto and American Express.

On their mission to spotlight FinTech innovators, leaders and visionaries, the senior-level judges recognized RISK IDENT for its results-driven anti-fraud solutions – primarily for enterprise companies within the e-commerce, telecommunication, financial and mobility industries.

The company’s key products – all-in-one data analytics software (FRIDA) and device fingerprinting technology (DEVICE IDENT) – were favored by the judges for being fast-acting and powerful, allowing fraud managers to track potential fraud in real-time.

Piet Mahler, Managing Director of RISK IDENT, said: "Claiming this title is a real highlight and a great expression of the team's tireless work.

It is particularly warming to receive this recognition from the FinTech Breakthrough Awards, which put emphasis on companies’ beginnings and pioneering qualities. We are proud of our journey at RISK IDENT - from a start-up foundation 6 years ago to the Best Fraud Prevention Company. This award is only possible with a growing team of experts and we are proud of this development.”

RISK IDENT aims to empower businesses and keep them working one step ahead in the face of fraud. Its machine learning and AI-driven solutions help minimize the gray area between an accept and a decline. This enables businesses to make smarter decisions and address rampant payment fraud, account takeover and identity theft threats.

Last year, the company secured more than €55 billion (£48.2 billion) in annual transaction volume, working with the likes of Deutsche Telekom (T-Mobile) and Vodafone.