About Tongdun Technology
Tongdun Technology provides risk management and decision-making solutions. It offers solutions such as retail credit risk management, small and micro credit risk management, marketing and customer value management, account security control, consumer credit risk management, and more. It serves various industries including the financial industry, internet business, logistics, and government bodies. The company was formerly known as FraudMetrix. It was founded in 2013 and is based in Hangzhou, China.
Expert Collections containing Tongdun Technology
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Tongdun Technology is included in 6 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements. Regulatory technology helps companies and regulators address challenges ranging from compliance (e.g. AML/KYC) automation and improved risk management.
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.
These companies protect organizations from digital threats.
Excludes US-based companies
Latest Tongdun Technology News
Oct 31, 2022
Visa, Brankas team up for open data products Visa Inc. said it has tapped Brankas Digital Technologies Inc. as its first partner in Southeast Asia to offer live access to its “open data” products that could help increase financial inclusion in the region. Both companies have been collaborating on data and money movement initiatives for months, leveraging on each other’s expertise in open finance, global payments and data intelligence. According to Brankas CEO Todd Schweitzer, the digitalization of the region’s banking industry has strengthened the market’s confidence on financial institutions. Seeing the opportunity to provide solutions for businesses to offer quality customer experience, Schweitzer said their partnership allows them “to unlock accelerated transaction processing and payment alternatives to boost their offerings.” “We are very excited to team up with Visa to increase financial inclusion across Southeast Asia and we believe that our joint solutions will do just that.” With these products, financial institutions can now use the current available transaction data to immediately improve their solution offerings, Schweitzer said. Two of the pilot customers—Tongdun Technology Co. Ltd. and PT IziData—are already using the joint solutions, where Brankas integrates Visa Cardholder Transaction Score (VCTS) and Visa’s range of payment rails into its core solutions to bring new “credit decisioning” and payment products. Digital banks, BNPLs (buy now, pay later services providers), alternative lenders, e-commerce platforms and Insurtechs wanting to enhance their credit decisioning capabilities can now get access to valuable, verified data that reveal a cardholder’s aggregated spend insights and creditworthiness. This significantly improves risk evaluation methods and enables automated credit decisioning to facilitate faster processing of services such as loans and credit card issuance. Brankas and Visa have co-developed a new account-to-account payment suite for more local and cross-border money movement means that banks and merchants can use to provide customers a new way to make instant payments while saving on transaction fees. For Visa Group Country Manager, Regional Southeast Asia and Senior Vice President for Global Client Management Tareq Muhmood, they are well positioned to empower people, businesses and governments to make more confident financial decisions and move money safely. This is well complemented by Brankas as it combines core banking, data, payments and issuance products in a single stack to allow customers to launch latest innovative solutions fast, he noted. “Visa is excited to partner with Brankas and take advantage of its extensive banking network in Southeast Asia to better serve the unbanked and underbanked,” Muhmood said.
Tongdun Technology Frequently Asked Questions (FAQ)
When was Tongdun Technology founded?
Tongdun Technology was founded in 2013.
Where is Tongdun Technology's headquarters?
Tongdun Technology's headquarters is located at Room 207, Building 18, Future Science and Technology City (Haichuang Park), No. 998 Wenyi West Road, Hangzhou.
What is Tongdun Technology's latest funding round?
Tongdun Technology's latest funding round is Series E.
How much did Tongdun Technology raise?
Tongdun Technology raised a total of $361.44M.
Who are the investors of Tongdun Technology?
Investors of Tongdun Technology include AVIC Capital, GF Securities, ZheShang Venture Capital, Cinda SinoRock Investment Management, China Merchants Capital and 14 more.
Who are Tongdun Technology's competitors?
Competitors of Tongdun Technology include 4Paradigm, Fraud.net, Trusfort, Bangsun Technology, Shumei Technology and 7 more.
Compare Tongdun Technology to Competitors
DataVisor provides fraud and financial crime detection services. It offers the detection of application fraud, transaction fraud, anti-money laundering, account protection, and payment fraud. DataVisor was founded in 2013 and is based in Mountain View, California.
Trusfort provides business security services, proposing the concept of “human-oriented business security”. Trusfort uses business security technology, artificial intelligence to create information security and offer a whole lifecycle business security protection solution based on scenarios to help customers build a safe, intelligent, and trustworthy business system. The company was founded in 2015 and is based in Beijing, China.
Forter provides fraud prevention and protection solutions for e-commerce companies. It offers solutions such as fraud management, abuse prevention, identity protection, payment optimization, chargeback recovery, and more. It was founded in 2013 and is based in New York, New York.
Signifyd provides e-commerce fraud protection and prevention services. The company offers services, including revenue protection, abuse prevention, and payment compliance, all aimed at maximizing conversion and eliminating fraud and consumer abuse. These services primarily cater to the e-commerce industry. Signifyd was founded in 2011 and is based in San Jose, California.
Sift provides real-time machine learning fraud prevention solutions for online businesses across the globe. Its machine-learning software automatically learns and detects fraudulent behavioral patterns and alerts businesses before they or their customers are defrauded. It provides its services in a wide range of industries such as financial technology, retail, payment service providers, and more. It was formerly known as Sift Science. The company was founded in 2011 and is based in San Francisco, California.
Ahi Fintech uses AI and human expert Integration systems to help clients make predictions and manage risk in their industries.