QI Tech, recognized as a leader in financial fraud prevention and identity verification solutions, received the 2023 FinTech & RegTech Global Award in the Cyber Security Partner category. The recognition highlights the company’s commitment to developing innovative solutions and strengthening security across the financial sector.
The award-winning project was QI Tech’s Pix and Transactional Fraud Prevention solution, an advanced technology that protects companies and users against fraud involving Brazil’s Pix instant payment system. Using technologies such as device analysis, document verification, behavioral monitoring, facial recognition, and liveness detection, QI Tech can verify transactions in less than one second.
This comprehensive and automated approach provides a robust layer of protection against fraud and scams.
With more than 1.3 million users analyzed every month and 13 million registrations validated, in addition to the liveness checks performed, QI Tech has already protected approximately BRL 20 billion against fraud. These results reflect the company’s continued commitment to ensuring the security of digital transactions.
Gabriel Scherer, a partner at QI Tech and the executive responsible for the product, highlighted the importance of the recognition and reiterated the company’s commitment to continuing to develop advanced technologies that protect businesses and their customers against fraud.
The Central Bank of Brazil, recognized for creating Pix, is among the other Brazilian organizations previously nominated by the institution responsible for the award.
QI Tech remains committed to its mission of protecting digital transactions by providing technologies such as Device Scan, Facial Recognition, Transactional Fraud Prevention, and document OCR. These solutions are designed to validate information and ensure that transactions are carried out securely and reliably.