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Business News | ChainIT and RS Software Form Alliance to Bring Risk-Based Authentication to Account-to-Account Payments
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BusinessWire IndiaScottsdale (Arizona) [US], August 6: ChainIT and RS Software today announced a product alliance to bring risk-based authentication to account-to-account (A2A) payments.
Identity fraud and scams are among the costliest threats facing financial institutions.
Javelin Strategy & Research's 2026 Identity Fraud Study estimates that traditional identity fraud drove $27.3 billion in losses in 2025.
As adoption of FedNow® and RTP® expands for instant, irrevocable payments, fraud exposure is increasing.
The alliance evaluates identity and fraud risk continuously on every transaction in sub-seconds, rather than verifying identity once at onboarding and assuming it remains valid thereafter.