Oscilar

Oscilar is an AI-powered risk decisioning platform offered by the vendor Oscilar. According to the vendor, it is designed to assist fintechs in effectively managing fraud, credit, and compliance risks. The product is targeted at small to large-sized companies across various professions and industries, including fintechs, Buy Now Pay Later (BNPL) platforms, marketplaces, Banking-as-a-Service (BaaS) businesses, and insurtech companies.

Key Features

Machine Learning: According to the vendor, Oscilar allows users to elevate their decision-making process by leveraging Machine Learning. The product requires minimal labeled data and continuously retrains ML models. Users have the flexibility to bring their own ML models, host them with Oscilar, or use the vendor's models.

Workflows: Oscilar enables the evolution of rules and workflows without the need for coding. Users can easily create and modify rules and workflows according to the vendor. The product provides simulation capabilities, including unit tests, backtests, shadow tests, and A/B tests, allowing users to gradually deploy changes across local, staging, and production environments.

Data Hub: Oscilar offers a centralized data hub that eliminates the need for ETL or coding, as stated by the vendor. Users can effortlessly consolidate all their data in one place. The product allows the creation of velocity counters, lists, matrix models, and more with just a few clicks. It also facilitates seamless integration of both 1st party database data and 3rd party data sources, enabling real-time 360° customer and transaction analysis.

Case Management: Oscilar's case management feature aims to reduce manual reviews, according to the vendor. It automatically delivers important transaction data and provides easy access to related case information. Users can also identify and flag users with similar behavior patterns for further investigation.

Transaction Monitoring: Oscilar offers comprehensive transaction monitoring capabilities, covering areas such as merchant onboarding, KYC fraud prevention, fraud detection and prevention, and account takeover prevention, according to the vendor. The product aims to help businesses stay ahead by proactively monitoring and addressing potential risks.

Credit Decisioning: Oscilar enables instant credit decisioning, as claimed by the vendor. It allows users to approve more customers with reduced risk and automate underwriting processes. The product aims to streamline credit decisioning workflows and minimize the need for manual reviews.

Account Takeover Prevention: Oscilar provides features to prevent account takeovers of varying complexities, as stated by the vendor. It includes detection capabilities for proxy IP, VPN, and botnet attacks, as well as anomalies in location and user behavior. The product leverages device fingerprints to enhance security measures.

Merchant Onboarding: According to the vendor, Oscilar facilitates faster merchant onboarding while ensuring compliance and minimizing risk. It offers instant KYB-checks for merchant applications and allows seamless integration of multiple data sources for extensive screening. Users can set up smooth onboarding workflows designed to identify and mitigate fraud risks.

Fraud Prevention: Oscilar aims to help businesses catch malicious actors at different stages of the customer journey, according to the vendor. It includes features to detect collusion attempts, prevent account takeovers, and reduce promotional abuse, among other fraud prevention measures. The product aims to proactively thwart collusion attempts before they negatively impact the business.

KYC and KYB: Oscilar provides instant KYB or KYC-check capabilities for customer applications, according to the vendor. The product supports integration with multiple data sources to conduct comprehensive screening. Users can set up workflows to verify customers and businesses using their preferred data sources, ensuring compliance and minimizing fraud risks.