Fraud today poses challenges that were unthinkable in the past. The Federal Trade Commission reports that losses from scams reached $10 billion in 2023 — $1 billion more than the previous year and the highest ever recorded. A significant portion of this surge comes from synthetic ID fraud, where criminals combine real and fake information to create fraudulent identities. These false identities allow fraudsters to open accounts and make purchases — eroding consumer trust and causing substantial financial harm.

Juniper Research forecasts that online payment fraud losses will climb to $362 billion cumulatively between 2023 and 2028, with annual losses rising from $38 billion in 2023 to $91 billion by 2028. Businesses face mounting pressure to act decisively against these escalating threats.

At Grid, we see fraud prevention as more than a necessity — it’s a strategic advantage. Financial firms must implement innovative solutions that protect their assets while enabling sustainable growth.

Welcome to Grid

We founded Grid to deliver cutting-edge solutions for financial firms and startups that are overwhelmed by increasingly sophisticated fraud tactics. Our mission is rooted in experience. After our consumer business was impacted by fraud, co-founders Christian-Robert Joseph, Carl-Alain Memnon, and Patrick De Suza created a platform that integrates multiple data providers into a seamless, powerful system. Grid empowers businesses with tools designed for ease of use, rapid deployment, and superior protection.

Grid’s Focus on Customer Success

We designed our platform to give businesses control over their risk workflows. With Grid’s self-service approach, customers can independently test and refine the API, involving support only when they’re ready to go live. This fosters autonomy and efficiency while streamlining processes.

Grid automates risk decisioning, eliminating the need for manual analysis of multiple reports. Businesses can create workflows using pre-built templates customized to industry and data requirements. Our platform’s customizable logic ensures workflows are efficient by bypassing unnecessary checks, reducing costs, and maintaining precision.

"We basically created our own fraud solution that has multiple steps in it,” explains Christian. “We were careful to look at what financial startups used and needed in their tech stacks so we could establish contracts with the right independent companies and write code that speaks to all the most critical APIs."

What Sets Grid Apart

Each of Grid’s features is designed to simplify operations and enhance your business’s ability to mitigate risks.

• Integrated multi-provider solution: Grid seamlessly integrates data from multiple identity providers into a unified platform, reducing the complexity of managing vendor relationships and streamlining operations.

• Rapid implementation: Time is critical in fraud prevention. Unlike traditional solutions that take months to deploy, Grid’s setup process gets you operational quickly. This ensures your business is protected without delay.

• Low-touch operation: Grid’s user-friendly platform minimizes manual oversight. Customers can quickly create fraud prevention workflows and maintain them with minimal effort, allowing teams to focus on growth. Our intuitive design facilitates seamless maintenance, but our support team remains available as needed.

• Efficiency focus: Beyond fraud prevention, Grid optimizes overall operations by reducing the time and cost required for processes like application review. For example, workflows that once took hours can now be completed in minutes, allowing businesses to reallocate resources to other priorities.

• Alignment with customer success: At Grid, your success is our top priority. Our business model is built to foster long-term partnerships, not just transactional relationships. By focusing on your growth and stability, we create a shared foundation for mutual success.

Grid delivers an unparalleled blend of speed, efficiency, and scalability in fraud prevention. 

The Future is Fraud Prevention as a Business Asset

We're reshaping the financial security landscape with a vision that extends beyond current challenges. Our aim is to create a future where businesses grow and innovate without the constant shadow of fraud.

Christian articulates this vision clearly: "We want to enable and empower our customers to be in control. That, to us, is very important. Because if we empower our customers and give them all the solutions they need to always be a step ahead of any fraudster, they’ll be free to focus on growing their own business."

At the core of Grid’s approach is a commitment to helping businesses redirect their energy toward meaningful growth — expanding operations, improving services, and driving innovation. "Our goal is for bad actors to see that a potential target is secured by Grid and immediately give up and move on," says Patrick.

Grid-protected businesses become recognized as safe havens. When customers see that a financial firm is secured by Grid, they’ll know they’re working with a company that prioritizes security — and this turns trust into a competitive advantage in a crowded market.

In the future we envision at Grid, fraud prevention evolves from a reactive necessity into a proactive, strategic asset. We’re committed to helping businesses navigate the complexities of a digital-first world with confidence and resilience.

We'd like to invite you to explore what Grid has to offer — schedule a demo to get started.

The likelihood of fraud impacting a business is high, but Grid is dedicated to ensuring that organizations stay protected. By leveraging cutting-edge technology and firsthand experience, we go beyond fighting fraud — we empower financial firms to grow, innovate, and thrive with confidence in the digital age.