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SAN FRANCISCO, June 6, 2024 (GLOBE NEWSWIRE) – SevenSift, the AI-powered anti-fraud platform that secures the digital trust of leading global enterprises, today announced that it has been recognized as a Strong Performer by Forrester Research, Inc. in The Forrester Wave™: Enterprise Fraud Management, Q2 2024. With Sift’s position as a Leader in The Forrester Wave™: Digital Fraud Management, Q3 2023, the company is one of only two vendors to be recognized as a Leader or Strong Performer in both analyst reports.

While Digital Fraud Management (DFM) essentially encompasses the technology needed to mitigate fraud at e-commerce merchants, Enterprise Fraud Management (EFM) encompasses the technologies needed to combat fraud in the financial services sector, including at financial technology (fintech) companies.

In the Digital Fraud Management report, Sift received the highest possible score in seven criteria. In the newly released Enterprise Fraud Management Wave, Sift received the highest possible score in the criteria of segmentation and behavioral profiles, fraud management for new accounts and digital channels, channels, vision, partner ecosystem, and supporting services and offerings.

According to Forrester’s evaluation in the Enterprise Fraud Management Wave, “Sift demonstrated a compelling EFM vision, support for partner onboarding and management, and a strong ecosystem of supporting services and products” and “The capabilities to manage customer and company segmentation based on attributes and manage behavioral profiles are versatile. The capabilities to manage new accounts and cyber (digital) fraud cases rank ahead of the others in this evaluation.”

“As fraudsters use AI as a weapon to scale and empower their own operations, financial services executives and traders are turning to Sift to ‘fight the fire with the same weapons,'” said Kris Nagel, CEO of Sift. “To be one of only two vendors recognized as a Leader or Strong Performer in two influential Forrester reports is an incredible validation of how Sift enables companies across industries to grow fearlessly.”

To read a free copy of The Forrester Wave™: Digital Fraud Management, Q3 2023, go to Here.

“The Forrester Wave™: Enterprise Fraud Management, Q2 2024” can be found HereThe report is available to Forrester subscribers or for purchase.

About Sift

Sift is the AI-powered fraud platform that secures the digital trust of leading global companies. Our deep investments in machine learning and user identity, a data network that captures 1 trillion events per year, and our commitment to long-term customer success enable 700+ customers to grow fearlessly. Brands like DoorDash, Yelp, and Poshmark rely on Sift to enable growth and deliver seamless customer experiences. Visit us at sift.com and follow us on LinkedIn.

Media contact:

Victor White
Senior Director, Corporate Communications
[email protected]

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