GrabDefence has partnered with fintech platforms in the past to protect their businesses from fraud and abuse. Can you tell us how the journey has been so far and how much has been achieved?

Since its inception, GrabDefence has embarked on a journey to make fintech platforms safer for businesses, leveraging our deep understanding of local financial criminal operations. Over time, we have gained invaluable experience and insight into ground realities, especially in countries like Indonesia, where fraud syndicates function with an alarming level of sophistication.

Our efforts have been largely focused on providing businesses with robust device intelligence services. These services have allowed us to cut through the noise, isolate bad actors, and identify fraudulent activities rapidly and accurately. All the while, ensuring seamless interactions for legitimate users.

Our cumulative knowledge of fraud patterns and behaviors has proven to be our major strength. This expertise, earned through tackling real-world fraud scenarios, equips us to build sophisticated, state-of-the-art solutions for fintech platforms.

As for achievements, we have been successfully building a safer fintech environment, resulting in significant reductions in fraud incidents for our partners. With each case of fraud prevented, we’re not just saving a business from financial loss, but also strengthening the trust between fintech platforms and their users.