AI TOOL PROFILE
Covery: Anti-Fraud and Risk Management Software
- Security
- Fraud Detection
- Risk Analysts
- Payment Managers
- AML Professionals
- iGaming
- E-commerce
- Payment Providers
Pricing
Pricing was not clearly available from the provided evidence. Buyers should confirm current pricing on the vendor website, although a free trial is available for Trustchain reputation checks.
At a glance
- Best for
- Risk Analysts, Payment Managers, AML Professionals, iGaming, E-commerce
- Key use cases
- Risk Scoring During User Journey, Compliance Automation, Payment Fraud Prevention, Account Takeover Protection
- Integrations
- Payment gateway API, CRM API
- Official website
- Visit covery official website
How AI is used
Covery is a risk management and anti-fraud platform designed for risk analysts, payment managers, and AML specialists. It is designed to detect fraudulent patterns across multiple stages of the customer journey, from registration and login to transactions and payouts.
The software uses a reputation database called Trustchain and device fingerprinting to analyze user identifiers and behavioral patterns. It also includes tools for automating KYC, KYB, and AML compliance to help businesses meet regulatory requirements.
Users may customize risk logic and machine learning models to fit their specific industry or business model.
Key Features
Trustchain Reputation Database
A global database containing over 1.5 billion reputation records across 12 identifiers, including email, phone, and IP.
Device Fingerprinting
Collects device data throughout the user journey to help identify bot attacks and account takeovers.
KYC/KYB/AML Automation
Supports the transition from manual to automated identity verification and ongoing monitoring against sanctions lists.
Supervised Machine Learning
Supports the creation of custom ML models to detect specific fraud patterns.
IP Screening
Analyzes IP addresses to help avoid bad reputation identifiers.
Advanced Reporting
Provides customizable reports to check rule efficiency and analyze transaction patterns.
Use Cases
Risk Scoring During User Journey
Scoring risks at stages such as installation, registration, login, and transaction to identify suspicious activity.
Compliance Automation
Using automated KYC/KYB/AML procedures to help meet regulatory requirements.
Payment Fraud Prevention
Supports the detection of Card-not-Present (CNP) fraud and synthetic identity theft.
Account Takeover Protection
Monitoring behavioral patterns and device data to help prevent unauthorized account access.
Integrations
- Payment gateway API
- CRM API
FAQ
What is Covery Trustchain?
- Trustchain is a global reputation database within Covery that contains over 1.5 billion records across 12 user identifiers to help identify fraudsters and bots.
Who is Covery designed for?
- It is designed for risk analysts, payment managers, AML professionals, BI specialists, and data scientists.
Does Covery offer a free trial?
- The evidence indicates that a free trial is available specifically for Trustchain reputation checks.
Source category: Security
Source subcategory: Fraud Detection
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