See how we prevent your frauds
We’re different: We don’t stop fraud by focusing on the fraudsters. We stop it by getting to know the habits and behaviors of banks’ customers and staff so we can spot out-of-character financial transactions. While fraudsters constantly change their behavior to avoid detection, real customers form habits. By learning these habits and building up customer and staff profiles we can accurately spot suspicious activity and stop it – before any money has left the bank.
Transaction score – Highlights the global risk score of the transaction
Transaction information – All important information of the transaction
Transaction score details – Unusual variables that lead to the blocking of the transaction
You don’t need to be a data scientist to make sense of AI algorithms. Easily understand why AI raises an alert with the full business context and run powerful forensics using intuitive investigation tools.
NetGuardians’ CTO Jérôme Kehrli explains how AI helps financial institutions to prevent banking fraud.
Within the millions of transactions a bank processes each year there will be a small number of frauds. While traditional AI systems can be taught to spot these frauds, they will become experts only in these known frauds – overfitting. NetGuardians’ managed learning technology doesn’t endlessly learn about any given type of fraud. It prevents AI from continually diving down just a few avenues. This avoids overfitting and makes it smarter and more dynamic, able to spot new types of fraud.
How to overcome overfitting in machine learning based fraud mitigation for banks?
Example of a team leader overview dashboard
Selected timeframe
Fraud mitigation performance
Total amount of prevented frauds
Impacted customers – Number of customers saved from being a fraud victim
Total number of hits
NetGuardians’ software is specifically designed to help banks detect and prevent fraud. Plugging directly into core banking systems via pre-defined connectors, it extracts, enriches and analyzes data, spotting and stopping significantly more fraud and reducing investigation time.
Beating Banking Fraud with NetGuardians’ Machine Learning Risk Platform
Press release – Second joint research project boosts NetGuardians’ AI fraud detection furtherJune 9, 2021 - 7:01 am
Panel: The Latest Trends on Faster Payments & Real-Time Fraud Detection: How can AI technology help? – 9 June 2021, 10:00 AM (CEST)May 12, 2021 - 12:07 pm
Payments and Cybercrime in 2021: Fraud Trends, Predictions, and Prevention, April 28th 2021, 13:00 CEST / 14:00 EESTMarch 31, 2021 - 8:35 am
