Fraudio Reviews & Product Details

Fraudio is a pioneering cloud-based, SaaS solution designed to fight complex payment fraud and financial crime by using artificial intelligence, machine learning and multi-dataset network effects. Fraudio is the third and latest generation in fraud solutions as it uses patented AI to connect datasets from all customers into a centralised super-model resulting in 40% more effective fraud detection and 15x more effective than a card scheme solution. First and second-generation solutions require substantial customization with each customer, are very costly, require multi-year contracts, and include slow, expensive integrations. Benefits of using Fraudio as a third-generation solution: - Seamless fully managed, cloud-hosted API integration - Truly scalable solution - Fast and easy integration - Multi dataset network effect and high-performance models - Pioneering Patent - plug into our API and get protection from the most cutting-edge patented AI PSP or Acquirer: With this essential add-on feature to Fraudio’s transaction fraud tool - Merchants are under the AI microscope. Customers can manage their existing merchant portfolio with confidence knowing our merchant fraud detection tool is monitoring, comparing and assessing every merchant transaction, and profiling their behavioural patterns from day one. Leveraging the power of AI, networked datasets and powerful cloud computing customers are immediately alerted of merchants' fraudulent behaviour while minimising false positives. Fraudio looks for normal activity and spots anomalies, identifying underlying trends that suggest risky merchant behaviour. Then sends alerts in real time and reports when necessary. Issuer or Bank: Fraudio’s AML tool monitors transaction streams for anomalies that indicate emergent and multi-dimensional money laundering. Fraudio does this across shared datasets - expanding on customers’ siloed datasets and improving their ability to detect money laundering by giving access to the ‘bigger picture’. Utilising AI based peer and cluster analysis across Fraudio’s vast and diverse transaction and merchant datasets, this cutting edge technology adds immediate value by complementing a hybrid compliance strategy.