In a bold move to revolutionize the travel industry, Etraveli Group, a premier global technology provider for flights, has unveiled its groundbreaking risk management solution, Precision. This innovative tool redefines fraud prevention, enabling travel sellers and airlines to maximize sales while minimizing fraud-related costs: precision leverages cutting-edge technology and a comprehensive 360-degree approach to address the industry’s complexities and safeguard transactions.

The global travel market has long been plagued by the dual challenges of rejecting valid customers and accepting fraudulent transactions due to the limitations of existing fraud prevention systems. Etraveli Group’s Precision directly addresses these critical issues, promising a transformative impact on the industry.

Building on over 20 years of fintech expertise and handling multibillion-dollar transactions across more than 200 countries, Etraveli Group has launched EG Fintech Solutions to extend its advanced technological capabilities to the broader travel market. Precision, the flagship product of this initiative, combines robust in-house technology with seamless integrations, offering unparalleled defence against travel fraud.

“Born from the travel industry’s critical need to safeguard transactions and enable a secure travel experience, Precision is not just a solution; it’s a testament to our dedication to innovation,” stated Peny Rizou, Chief Fintech Officer of Etraveli Group. “We are committed to taking customer protection and fraud management to the next level.”

Key Benefits of Precision:

• Industry-Specific Design: Explicitly developed for the travel industry, Precision combines global reach with local expertise, catering to established markets and emerging economies.
• Proven Track Record: Precision is built on a foundation of data-driven excellence and continuous improvement, ensuring reliability and effectiveness.
• Comprehensive Approach: Precision utilizes a 360-degree strategy to address all key performance indicators (KPIs) that impact a company’s bottom line.
• Advanced Technology: Custom-built with orchestration capabilities, Precision integrates robust in-house technology and rich data sets for superior performance.

Mathias Hedlund, CEO of Etraveli Group, highlighted the strategic significance of this launch: “Etraveli Group has dedicated the past decade to resolving the underlying complexities of selling flights globally, benefiting both customers and partners. Precision exemplifies our commitment to delivering cutting-edge solutions that address the unique challenges of the travel industry. With EG Fintech Solutions, we are excited to leverage our advanced fintech capabilities to enhance the security and efficiency of travel businesses worldwide, starting with Precision.”

Precision stands out in a sector known for its thin margins by significantly reducing fraud costs and maximizing sales. This ensures the sustainability of flight-centric online travel agencies (OTAs) and the broader flight industry.

The introduction of Precision marks a significant milestone for Etraveli Group. By combining sophisticated risk management with state-of-the-art technology, Etraveli Group is poised to lead the travel industry into a new era of security and efficiency. The company’s commitment to innovation and excellence is evident in every aspect of Precision, from its industry-specific design to its comprehensive approach to fraud prevention.

For more information on how Precision can revolutionize your travel business, visit Etraveli Group’s website.

Conclusion: Etraveli Group’s launch of Precision is a game-changer for the travel industry. By addressing the critical issue of fraud and offering a robust, technologically advanced solution, Precision is set to ensure a secure and seamless experience for all stakeholders in the travel ecosystem. As Etraveli Group continues to lead the way in travel technology, the future of fraud prevention looks brighter than ever.

Written by: Octavia Koo

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