A new Total Economic Impact study shows that SHIELD's Device Intelligence has helped eliminate fraud and accelerate profitability, generating $104.6 million in benefits over three years for global mobility company inDriveSAN FRANCISCO, Oct. 2, 2024 /PRNewswire/ -- SHIELD, the device-first fraud intelligence platform, releases its commissioned Total Economic Impact™ (TEI) study conducted by Forrester Consulting, quantifying the potential return on investment for companies who invest in SHIELD's Device Intelligence solution. The study evaluates investment value based on cost, benefits, flexibility, and risk, and found a substantial 1377% return on investment (ROI) for global mobility platform inDrive.The Forrester study concludes that using SHIELD enabled the ride-hailing and urban services platform to generate benefits of $104.6 million across three years, with a payback period of less than six months and a net present value of $97.5 million across 63 geographical markets. SHIELD's solution does not require the collection of personal data and is strictly compliant with global data protection regulations.The study lists several key benefits of implementing SHIELD's Device Intelligence, including:$57.9 Million in fraud losses avoided. SHIELD's technology enabled inDrive to prevent fraud such as driver-passenger collusion, ride monopolization, and ride-matching engine manipulation.SHIELD's technology enabled inDrive to prevent such as driver-passenger collusion, ride monopolization, and ride-matching engine manipulation. $45.4 million saved by reducing resources needed for fraud prevention

The fintech leverages SHIELD Device Intelligence to eliminate fraudulent activities in real time and build trustSAN FRANCISCO, Feb. 8, 2024 /PRNewswire/ -- WINK, the first neo cooperative in Costa Rica, announces a partnership with SHIELD, the device-first risk intelligence company. The goal is to combat fraud and ensure a secure and reliable financial services platform.Owned by Coopenae, one of the country's largest financial institutions, WINK is 100% digital, with no bank branches. Aware that fraud is growing quickly online, they adopted a zero-tolerance approach to fraudsters. The fintech chose to use SHIELD Device Intelligence, a cutting-edge AI powered technology, to stay ahead of risks and build trust in its ecosystem.WINK leverages SHIELD's technology to continuously monitor tens of thousands of device, network, and behavioral data points in real time in order to create a risk picture. No Personal Identifiable Information (PII) is required, and it prioritizes privacy while fully complying with General Data Protection Regulation.With the solution in place WINK can tackle all fraud threats that impact the fintech industry