inDrive Achieves Significant ROI with SHIELD’s Fraud Prevention Solution

inDrive Achieves Significant ROI with SHIELD's Fraud Prevention Solution
inDrive achieves 1377% ROI using SHIELD's Device Intelligence to combat fraud, saving $104.6M over three years. Learn how SHIELD can help your business

A recent study by Forrester Consulting highlights the substantial financial benefits that inDrive, a global mobility platform, has gained by implementing SHIELD’s Device Intelligence solution. This solution, which focuses on device-level fraud prevention, has enabled inDrive to achieve a remarkable 1377% return on investment (ROI) over three years.

Key Benefits of SHIELD’s Device Intelligence

The Forrester study reveals that SHIELD’s Device Intelligence has delivered significant value to inDrive in several key areas:

  • Fraud Loss Avoidance: By preventing various types of fraud, such as driver-passenger collusion and ride monopolization, inDrive has avoided an estimated $57.9 million in losses.
    Resource Optimization: SHIELD’s technology has allowed inDrive to reduce the resources required for fraud prevention, resulting in $45.4 million in savings. This efficiency gain has enabled inDrive to redirect resources towards market expansion and new product development.
  • Accelerated Growth: With improved fraud detection, inDrive has confidently entered high-risk markets and launched new products and features, such as diversified payment methods, leading to faster growth and improved service quality.
  • Enhanced Trust: By proactively addressing fraud, inDrive has built trust within its ecosystem, ensuring fair and transparent rides for passengers and equitable job allocation for drivers.

How SHIELD’s Technology Works

SHIELD’s platform tackles fraud by assigning a unique SHIELD Device ID to every device that accesses the platform. This allows for the identification and mitigation of fraudulent activities originating from fake accounts and malicious tools like app cloners and GPS spoofers. Importantly, SHIELD’s solution achieves this without relying on personally identifiable information (PII), ensuring compliance with data protection regulations.

inDrive’s Success Story

Before partnering with SHIELD, inDrive had attempted to combat fraud with an internally developed tool. However, this approach proved ineffective against sophisticated fraudsters who could easily manipulate common identifiers. SHIELD’s Device Intelligence provided a more robust and effective solution, enabling inDrive to proactively address fraud and achieve significant financial and operational benefits.

The successful collaboration between SHIELD and inDrive demonstrates the power of device-level fraud prevention in driving profitability and sustainable growth for businesses. By focusing on the device itself, SHIELD provides a powerful tool for combating fraud, protecting businesses, and fostering trust within their ecosystems.

About the author

Aditi Sharma

Aditi Sharma

Aditi holds a Masters in Science degree from Rajasthan University and has 7 years under her belt. Her forward-thinking articles on future tech trends are a staple at annual tech innovation summits. Her passion for new tech trends ensures that our readers are always informed about the next big thing.

Add Comment

Click here to post a comment

Follow Us on Social Media

Web Stories

5 Best Smartphones Under 30,000 in India 2024 5 Best Offline Games to Enjoy Without an Internet Connection 5 Best 5G Phones Under ₹20,000 You Can Buy Right Now Top 5 OTT Releases This Week (Oct 21-27): Zwigato, Hellbound Season 2 & More Streaming Now 5 Best Camera Phones Under ₹60,000 in October 2024 Top 4 Noise Cancelling Headphones Under 40000 in October 2024