Vancouver, Canada – GeoGuard, a global technology pioneer that’s revolutionizing location fraud detection in the online media and payments industries, announced Friday that their industry-leading geolocation technology has been recognized with a RegTech Award in London, England.
The award recognises technology that has had significant success in automating compliance functions in an innovative and cost-effective way. Judges were asked to assess how the technology has been successfully implemented in either a physical setting or online environment.
Evidence was provided to judges through case studies and customer testimonials, which demonstrated strategic and measurable improvements in areas such as security, efficiency and cost saving (including delivering 85% reduction in Chargeback Costs). GeoGuard’s location technology continues to expand its cardholder tracking capabilities for chargeback management and data insights for CNP transactions.
Anna Sainsbury, Chief Executive Officer of GeoGuard, said she appreciates the importance of receiving accolades in a burgeoning sector like RegTech. “We’re really honoured to have won this prestigious award. The finalists for this category are all at the cutting edge of compliance technology and doing their part to enhance regulated markets worldwide.
Although winning the award is a great achievement on work done so far, Sainsbury maintained that GeoGuard’s focus is on the future.
“We thank the judges for recognising our technology’s unique geo-filtering capabilities; it’s heartening to have experts in the field acknowledge that nobody does what we do, and certainly not to the standard that we do it. We’re looking forward to doing even more in the future to support our customers, to ensure compliance and to fight fraud through technical innovation in location confidence.”
A global leader in geolocation compliance technology, GeoGuard provides trusted solutions for reliable, accurate and precise geolocation services that are used to detect location fraud and ensure compliance in the banking, e-commerce, digital media, and Gaming industries. GeoGuard’s patented and proprietary technology is unparalleled in accuracy and integrity, as well as in their depth of security and ease of implementation. GeoGuard’s geolocation solutions are backed by 24/7 customer support and have been utilized on over 250 million devices, and currently perform more than 10 million verification checks every day.
Anna Sainsbury, Chief Executive Officer