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What is FRISS?

In the current digital environment, where deceitful practices are rampant, insurers encounter daunting obstacles, with statistics showing that 18% of all claims contain fraudulent components, underscoring the gravity of this issue. FRISS rises to the occasion, ensuring the protection of insurers by enabling a secure digital transformation that easily integrates with their current systems, thereby improving transparency throughout the insurance process, strengthening portfolios, and increasing customer satisfaction. We firmly believe that insurance should be a beneficial service, and we are dedicated to creating a user-friendly experience that meets contemporary digital expectations through an exceptionally intuitive interface. By optimizing data collection methods, we simplify the overall process while merging insights from both traditional and nontraditional sources, leading to a thorough understanding of each risk. Our platform adeptly navigates the intricacies of data analysis, allowing you to focus on providing superior underwriting services. Additionally, our software evaluates risks in real-time, uncovering violations, dubious business conduct, and previously hidden information, which aids in upholding integrity and validating necessary licenses and inspections. This dedication to transparency and detail not only enhances the relationship between insurers and clients but also contributes to a more reliable insurance landscape. Ultimately, our goal is to empower insurers to make informed decisions and foster a culture of accountability within the industry.

What is DirectID ?

By utilizing Open Finance along with bank statement information, DirectID enhances lenders' understanding of their clients throughout the entire credit risk process, from initial onboarding to collections and recoveries. DirectID offers several innovative solutions, including: AFFORDABILITY With automated categorization of transactions, immediate insights, and income verification for anyone with a bank account, lenders can conduct more precise affordability assessments. IDENTITY By executing bank account validation checks, DirectID confirms customer identities and provides detailed financial insights that go beyond conventional checks. ONBOARDING Simplify the onboarding experience by eliminating the hassle of paper documentation; verify income claims and analyze bank transactions almost instantly. COLLECTIONS Leverage direct data insights to design more effective collections strategies and enhance customer interactions. CREDIT RISK Move beyond outdated credit data and self-reported income; our real-time insights complement traditional credit bureau reports, enabling more knowledgeable credit risk evaluations. OPERATIONAL EFFICIENCY Minimize the time spent on calls and document reviews by connecting directly to customer bank data, allowing for rapid categorization of transactions while simultaneously helping to prevent fraud. With these tools, DirectID empowers lenders to make smarter, more informed decisions at every stage of the customer relationship.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

FRISS

Date Founded

2006

Company Location

Netherlands

Company Website

www.friss.com

Company Facts

Organization Name

DirectID

Date Founded

2011

Company Location

United Kingdom

Company Website

directid.theidco.com

Categories and Features

Fraud Detection

Access Security Management
Check Fraud Monitoring
Custom Fraud Parameters
For Banking
For Crypto
For Insurance Industry
For eCommerce
Internal Fraud Monitoring
Investigator Notes
Pattern Recognition
Transaction Approval

Categories and Features

Financial Risk Management

Compliance Management
Credit Risk Management
For Hedge Funds
Liquidity Analysis
Loan Portfolio Management
Market Risk Management
Operational Risk Management
Portfolio Management
Portfolio Modeling
Risk Analytics Benchmarks
Stress Tests
Value At Risk Calculation

Fraud Detection

Access Security Management
Check Fraud Monitoring
Custom Fraud Parameters
For Banking
For Crypto
For Insurance Industry
For eCommerce
Internal Fraud Monitoring
Investigator Notes
Pattern Recognition
Transaction Approval

Identity Management

Access Certification
Compliance Management
Multifactor Authentication
Password Management
Privileged Account Management
Self-Service Access Request
Single Sign On
User Activity Monitoring
User Provisioning

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