AI / Fraud Prevention
KYV Fraud Prevention
With $16 billion in annual cyber-enabled losses and no commercial solution for vendor fraud, Quantiva built and launched the first Know Your Vendor platform, embedding real-time fraud detection directly into the tools teams already use.
74%
more fraud caught before payment
Challenge
The FBI reported $16B in cyber-enabled losses in 2024. 94% of US companies experienced vendor-related fraud, with finance leaders facing $1.2M average annual losses to invoice fraud.
Solution
First-to-market Know Your Vendor platform with real-time anomaly detection, customizable thresholds requiring no coding, and native Microsoft Outlook 365 integration.
Result
First commercially available KYV solution launched on schedule. 74% increase in fraud-detection effectiveness reported by early adopters.
Impact
Turned vendor verification from a neglected vulnerability into an active defense layer within existing business tools and workflows.