BoomID Identity Assurance Engine™
All BoomID products are supported by the BoomID Identity Assurance Engine™, a machine learning-driven, near-real-time threat risk assessment tool that confirms a user’s humanity and prevents fraud by analyzing various identity, behavioral, and device indicators. The Identity Assurance Engine interprets the user’s claimed persona and substantiates its validity.
Identity assurance is a must for any business, but risk indicators and risk tolerance vary by industry. The BoomID Identity Assurance Engine is designed to generate risk scores and implement rules that are industry vertical-specific. The platform takes advantage of well-established data science techniques, introduces practical industry knowledge, and uses a machine learning-driven risk engine for identity verification and fraud detection. The BoomID Identity Assurance Engine does not apply a “one size fits all” approach, rather every industry is addressed depending on its unique requirements.