Precognitive

Precognitive operates as a provider of anti-fraud solutions, catering to online businesses across various sectors such as retail, travel, and digital services. The company was established in 2016 by Sam Bouso and is headquartered in Chicago.

The core of Precognitive's business is a software-as-a-service (SaaS) platform designed to proactively detect and prevent online fraud. This is achieved through a multi-dimensional approach that integrates device intelligence, behavioral analytics, and machine learning algorithms. By analyzing transactional data, user behavior, and device information in real-time, the system makes automated decisions to identify and stop suspicious activities before they result in fraudulent transactions. This reduces the need for manual reviews and aims to minimize friction for legitimate customers. The business model is based on providing this technology to enterprises to safeguard their e-commerce revenue and prevent account takeovers.

In January 2019, Precognitive was acquired by ShopRunner, an e-commerce network, to be offered as a value-added service to ShopRunner's network of retailers. Subsequently, in December 2020, ShopRunner, along with its subsidiary Precognitive, was acquired by FedEx to expand its e-commerce capabilities and data intelligence. Following the acquisition, ShopRunner and its components began operating as part of FedEx Dataworks.

Keywords: fraud prevention, fraud detection, behavioral analytics, device intelligence, machine learning, real-time fraud detection, e-commerce security, account takeover protection, online fraud, cybersecurity, SaaS, FinTech, enterprise software, transaction monitoring, risk management, ShopRunner subsidiary, FedEx Dataworks, Sam Bouso, Chicago startup, online retail security