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Mobility Unicorn inDrive Achieves 1377% ROI & Accelerates Profitability with SHIELD’s Device-First Fraud Intelligence

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A new Total Economic Impact study shows that SHIELD’s Device Intelligence has helped eliminate fraud and accelerate profitability, generating $104.6 million in benefits over three years for global mobility company inDrive

NEW DELHI, Oct. 7, 2024 /PRNewswire/ — SHIELD, the device-first fraud intelligence platform, today releases its commissioned Total Economic Impact™ (TEI) study conducted by Forrester Consulting, quantifying the potential return on investment for companies who invest in SHIELD’s Device Intelligence solution. The study evaluates investment value based on cost, benefits, flexibility, and risk, and found a substantial 1377% return on investment (ROI) for global mobility platform inDrive.

The Forrester study concludes that using SHIELD enabled the ride-hailing and urban services platform to generate benefits of $104.6 million across three years, with a payback period of less than six months and a net present value of $97.5 million across 63 geographical markets.

SHIELD’s solution does not require the collection of personal data and is strictly compliant with global data protection regulations.

The study lists several key benefits of implementing SHIELD’s Device Intelligence, including:

$57.9 Million in fraud losses avoided. SHIELD’s technology enabled inDrive to prevent fraud such as driver-passenger collusion, ride monopolization, and ride-matching engine manipulation.$45.4 million saved by reducing resources needed for fraud prevention. With the ability to initiate proactive intervention against fraud, inDrive reduced the need to dedicate additional FTE resources by 92-94%, freeing up resources to expand into new markets while staying ahead of emerging threats.Accelerated market expansion and new product launches. The inDrive team noted that better fraud detection increased inDrive’s confidence in entering high-risk markets, so they could scale and grow revenues more quickly. They could also fearlessly launch new features such as diversified payment methods, improving overall service quality.Building trust in the inDrive ecosystem. Preventing fraud in real-time means that inDrive’s customers can rely on the platform for safe, transparent, and fair rides, while their drivers benefit from a system that allocates jobs more fairly.

“Our work with SHIELD has been instrumental in our fight against injustice. We’ve channeled the savings from fraud prevention into growth and innovation, passing the benefits on to our users. This has fast-tracked our path to profitability, enabling us to do more for our communities,” said Arsen Tomsky, Founder & CEO of inDrive.

The Forrester Consulting Total Economic Impact™ study was created through interviews with inDrive representatives and analyzing financial data. You can read it in full, here.

Before using SHIELD’s Device Intelligence, inDrive tested an internally built tool to combat fraud. However, this yielded limited success as malicious users can change common identifiers such as usernames, phone numbers, and more. Hence inDrive’s decision to partner with SHIELD.

SHIELD’s platform persistently identifies every physical device on a platform with the SHIELD Device ID, eliminating fraud at the root – the devices used to create and control fake accounts. This capability combined with real-time actionable fraud signals enables businesses to detect when a good user turns bad and mitigate malicious tools such as app cloners, emulators, and GPS spoofers without requiring personally identifiable information (PII).

“These study results and our lasting collaboration with inDrive showcase what our partners already know with SHIELD – that our device-first fraud intelligence platform slashes cost, time, and other resource burdens of fraud on global businesses while enhancing fairness and fostering trust. This combination drives substantial ROI and accelerates sustainable growth,” added Justin Lie, Founder & CEO of SHIELD.

To learn more about how SHIELD’s device-first fraud intelligence platform can drive profitability for your organization, contact us at shield.com.

About SHIELD

SHIELD is a device-first fraud intelligence platform that helps digital businesses worldwide eliminate fake accounts and stop all fraudulent activity.

Powered by SHIELD AI, we identify the root of fraud with the global standard for device identification (SHIELD Device ID) and actionable fraud intelligence, empowering businesses to stay ahead of new and unknown fraud threats.

We are trusted by global unicorns like inDrive, Alibaba, Swiggy, Meesho, TrueMoney, and more. With offices in San Francisco, London, Berlin, Jakarta, Bengaluru, Beijing, and Singapore, we are rapidly achieving our mission – eliminating unfairness to enable trust for the world.

For more information, visit shield.com

About inDrive

inDrive is a global mobility and urban services platform. The inDrive app has been downloaded over 240 million times and was the second most downloaded mobility app in 2022 and 2023. In addition to ride-hailing, inDrive provides an expanding list of urban services, including intercity transportation, freight delivery, task assistance and courier delivery. In 2023, inDrive launched New Ventures, a venture and M&A arm.

inDrive operates in 750 cities in 46 countries. Driven by its mission of challenging social injustice, the company is committed to having a positive impact on the lives of one billion people by 2030. It pursues this goal both through its core business, which supports local communities via a fair pricing model; and through the work of inVision, its non-profit arm. inVision’s community empowerment programs help to advance education, sports, arts and sciences, gender equality and other vital initiatives.

For more information visit www.inDrive.com

Logo: https://mma.prnewswire.com/media/2524417/SHIELD_Logo.jpg

 

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Cineverse’s Bloody Disgusting Scares up New Revenue Opportunities with Growing Merchandise Business – From Collectible TERRIFIER 2 VHS Box Set to New BEETLEJUICE T-Shirts

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Coming off Successful Product Run, Bloody Disgusting Continues to Prove its Value as Top Horror Brand by Tapping into Fan Nostalgia and Retail Partnerships

LOS ANGELES, Oct. 7, 2024 /PRNewswire/ — Cineverse (NASDAQ: CNVS), an innovative streaming entertainment and technology company, is riding the momentum of its growing consumer products business into Halloween. Specifically, its fan-first horror brand Bloody Disgusting continues to tap into nostalgia and the love for iconic films, from Beetlejuice to the Terrifier franchise, with a variety of merchandise available at retailers and online. 

Earlier this year, a new Horror Fan Shop featuring exclusive, limited quantity Bloody Disgusting merch came to 1,700-plus Walmart stores across the country. This collection, curated by Bloody Disgusting specifically for fans, included Fright Rags with Art The Clown and Michael Myers mini masks, along with classic horror t-shirts, figurines and plushes, backpack charms, metal posters and more. 

It also included a double VHS collector’s edition of Terrifier 2, featuring a surprise Scratch ‘n Sniff sticker, which quickly sold out, going viral as fans searched store-to-store (and eBay) to acquire their copy. 

“No one knows the power of nostalgia better than horror fans, and it was only a matter of time that Bloody Disgusting brought the VHS tape back to mainstream retail – the first to do so in a very long time – and we are only getting started,” said Cineverse VP, Networks Strategy, Tom Owen. “In a short period, we have expanded our growing consumer products business to one that is generating revenue via nostalgia, and following the success of merch at retailers like Spencer’s and Walmart – and increased interest from the biggest names in horror to team up with us for future product lines – the Bloody Disgusting brand has never been stronger.”

Additionally, last year, in partnership with apparel licensee Ripple Junction, an exclusive Bloody Disgusting merchandise line was launched with Spencer’s, celebrating several of the most revered faces in horror. Collaborations included Terrifier’s Art The Clown, Child’s Play’s Chucky, Halloween’s Michael Myers, The Texas Chain Saw Massacre’s Leatherface, Friday the 13th’s Jason Voorhees, The Exorcist’s Regan and the Killer Klowns From Outer Space all printed on premium pigment-dyed heavyweight T-shirts branded with a dripping Bloody Disgusting logo. 

The deal has expanded to the 2024 Halloween season in both Spencer’s and Spirit Halloween, with new additions to the line including Beetlejuice and more. 

All of this comes in advance of the highly-anticipated theatrical release of Terrifier 3, which opens October 11 in theaters across North America, all but guaranteeing that Art the Clown will be a popular Halloween costume this year, but also opening the door to additional product opportunities (such as the collectible popcorn buckets now on sale!). 

Written and directed by Damien Leone and produced by Phil Falcone, Terrifier 3 comes courtesy of Dark Age Cinema Productions and The Coven.

ABOUT CINEVERSE

Cineverse’s advanced, proprietary technology drives the distribution of over 70,000 premium films, series, and podcasts to more than 150 million unique viewers monthly. From providing a complete streaming solution to some of the world’s most recognizable brands, to super-serving their own network of fan channels, Cineverse (NASDAQ: CNVS) is powering the future of entertainment. For more information, please visit cineverse.com.

Press Contacts:

For Media
The Lippin Group for Cineverse, cineverse@lippingroup.com

For Investors
Julie Milstead, investorrelations@cineverse.com

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SOURCE Cineverse Corp.

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HSA Store® celebrates HSA Day with launch of new Learning Center resources for open enrollment, and special savings to encourage health savings account (HSA) utilization

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October 15 marks national observance to increase HSA education and awareness for nearly 38 million people covered by these tax-free accounts

DALLAS, Oct. 7, 2024 /PRNewswire-PRWeb/ — HSA Store, the first and leading online store to exclusively sell products that are eligible with health savings account (HSA) funds, announced today that it will celebrate HSA Day on October 15 with the launch of new HSA Learning Center resources and special savings for consumers. The Learning Center launch supports open enrollment education, and is the first of many new learning tracks coming soon. Account holders who shop at HSAStore.com on October 15 will receive a special discount, while consumers can also enter to win a Mystery Bundle Giveaway via Instagram between October 7 – 15.

We take pride in delivering a guess-free shopping experience and industry-leading educational resources that allow account holders to make the most of their tax-free funds and to flex their HSA to meet their personal lifestyle needs.

According to a recent report, Americans have $137 billion saved in nearly 38 million HSAs as of the middle of 2024, demonstrating consumer interest in and the financial power of these accounts. However, the experts at HSA Store believe lack of understanding about how HSA funding works can prevent individuals and families from enrolling in and making the most of these accounts. That’s why the e-commerce leader has launched new, interactive HSA Learning Center content, just in time for HSA Day.

“HSAs provide financial security and the flexibility to pay for a wide variety of specialty and everyday healthcare needs,” said Itamar Romanini, vice president and general manager of HSA Store, a Health-E Commerce online brand. “We take pride in delivering a guess-free shopping experience and industry-leading educational resources that allow account holders to make the most of their tax-free funds and to flex their HSA to meet their personal lifestyle needs.”

New HSA Store Learning Center resources for open enrollment include a self-guided, interactive module that teaches individuals and families the basics of HSAs and helps them identify how they can personally benefit from enrolling in and using an HSA. A second module walks individuals through a comparison of flexible spending accounts FSAs vs. HSAs to help them make informed decisions about which account to enroll in during the annual open enrollment election period. Additional resources available at HSA Store include:

Comprehensive, searchable HSA eligibility list;HSA Tax Savings Calculator and Projected Future Value Calculator;My HSA Expense Dashboard to simplify recording HSA expenses for tax purposes;Educational articles and Ask the Experts tips;HSA Your Way Style Guide; andHSA Perks Dashboard to track savings earned from HSA Store purchases.

“Our mission at HSA Store is singular and constant: To simplify tax-free healthcare accounts. We achieve this through educational content that is informed by our proprietary consumer insights, and by offering HSA-eligible products and telehealth services that reflect the needs and interests of account holders,” said Romanini. “For our team and for consumers who shop with us, every day is HSA Day.”

What is an HSA?
An HSA is a tax advantaged account that allows users to set aside pre-tax income to cover qualified medical expenses. HSAs can be used to pay for a wide variety of eligible expenses, including everyday healthcare products, copayments, prescription and OTC medications, telehealth services, and more. HSAs reduce an account holder’s taxable income. HSA funds always belong to the account holder, and unused funds roll over from year to year and can be used in retirement. An individual or family can enroll in an HSA through an employer-sponsored benefit or individually, as long as they are enrolled in a qualified high-deductible health plan.

Visit HSAstore.com to learn more about HSAs and to spend HSA funds.

About Health-E Commerce
Health-E Commerce is the parent brand to FSA Store and HSA Store, online stores that serve the 70+ million consumers enrolled in pre-tax healthcare accounts. The company also created Caring Mill, a popular private-label line of health products through which a portion of every purchase is donated to the Children’s Health Fund. Since 2010, the Health-E Commerce brands have led the direct-to-consumer e-commerce market for exclusively pre-tax health and wellness benefits. Health-E Commerce plays an essential role in expanding product eligibility for important new categories within the list of eligible medical expenses.

Media Contact

Barbara Tabor, HSA Store, 651-230-9192, barbara@taborpr.com, www.HSAstore.com

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SOURCE HSA Store

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Bulletproof Expands Coverage to Include Microsoft and Amazon Web Services Customers

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FREDERICTON, NB, Oct. 7, 2024 /CNW/ – Bulletproof, a global IT security and compliance solutions company, announced today its membership in the Amazon Web Services (AWS) Partner Program, enhancing its capabilities to service customers operating in cloud environments. The collaboration aims to address the increasing challenges clients encounter with cloud adoption and management.

As a trusted partner to leading technology brands, including Microsoft and AWS, Bulletproof offers unbiased expert analysis, best practices, and solutions designed to help businesses achieve growth in today’s competitive landscape. Their experts collaborate closely with clients to identify their unique business requirements and develop tailored strategies that drive competitiveness, agility, responsiveness, and security.

“By joining the AWS Select Tier Partner Program, our consulting services team is excited to expand our capabilities to Microsoft and AWS customers  in achieving their business goals.  With expertise in the Microsoft platform, Bulletproof is extending services to support customers with AWS hybrid cloud environments. With ongoing focus on security and compliance, we deliver strong solutions wherever our clients choose to deploy their data. This partnership reinforces our commitment to providing comprehensive, consulting services, empowering organizations to innovate and grow with confidence,” said Christopher Simm, Senior Vice President, Professional Services

About Bulletproof 

With locations across North America and around the globe, Bulletproof brings decades of expertise in IT, security, and compliance. Serving industries of all sizes, Bulletproof leverages its extensive experience to mitigate risk and enhance client processes, systems, and business infrastructure.

Connect with us on social: LinkedInTwitter, and Facebook. 

SOURCE Bulletproof, A GLI Company

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