G2 Risk Solutions Combines Forces with EverC in Strategic Merger
In an exciting development for the digital payments and e-commerce industry, EverC and G2 Risk Solutions (G2RS) have announced a partnership that aims to protect global digital payments and defend e-commerce from threats. The transaction, expected to close in the third quarter of this year, will bring together the AI and risk management capabilities of both companies, significantly enhancing security in the digital payments and e-commerce ecosystem.
A Powerful Combination of AI and Human Expertise
Founded in 2015, EverC was established with the mission to bring trust and security to the ecommerce ecosystem. Meanwhile, G2RS, founded in 1989, offers solutions for merchant risk, digital commerce monitoring, transaction laundering detection, identity verification, bankruptcy risk, and regulatory data services. The fusion of these two companies creates a more resilient and adaptive system to detect and mitigate fraudulent activities, transaction laundering, and regulatory risks.
The partnership will leverage EverC's advanced AI-driven real-time risk analysis with G2RS's expert human-curated risk and compliance insights. This combination is expected to improve accuracy in risk classification, identity verification, and transaction laundering detection, benefiting major payment providers worldwide, including banks, merchant acquirers, marketplaces, and online platforms.
Real-time AI-powered Risk Assessment
EverC's machine learning algorithms analyze vast payment data in real-time to identify fraud patterns and emerging threats immediately. This capability enables faster response and autonomous risk remediation, ensuring a safer digital commerce ecosystem for merchants.
Broadened Global Reach and Scale
The merger allows the combined company to serve nearly every major global payment provider, expanding protection across diverse markets and e-commerce platforms. This broadened reach will help the combined company address the increasingly sophisticated threats in digital payments and e-commerce.
Innovative Product Roadmap and Adaptability
Leveraging AI accelerates the development of next-generation risk management solutions while ensuring compliance with evolving global regulations. This approach reduces merchant fines and brand risks, ensuring a sustainable and adaptable digital payments and e-commerce ecosystem.
Unified Leadership and Global Operations
G2RS CEO Brian Longe will serve as the CEO of the merged entity, with EverC CEO Ariel Tiger advising initially. The combined company's employees will continue to operate globally with offices in the US, Europe, India, and Israel to sustain innovation and client support.
Together, EverC and G2RS aim to redefine merchant risk standards by creating a safer digital commerce ecosystem where merchants can focus on growth without fear of fraud or compliance breaches. This combined approach represents a scalable, technology-driven defense against the increasingly sophisticated threats in digital payments and e-commerce.
[1] EverC Press Release
[2] G2 Risk Solutions Press Release
[3] TechCrunch Article
[4] Finextra Article
[5] PaymentsJournal Article
- The collaboration between EverC and G2 Risk Solutions promises to revolutionize digital payments and e-commerce industries by integrating finance, business, and technology, offering robust security solutions.
- This union is expected to boost effectiveness in risk classification, identity verification, and transaction laundering detection for global payment providers, such as banks, merchant acquirers, and online platforms, by leveraging AI and human expertise.
