Credit Card Fraud Protection through AI App Development

Business Challenges:

FinTech company having operations in London and New York was struggling with growing challenge of Credit Card Fraud Transactions. Leading business indicators pointed drop in the recovery rates as well as there was lack of insights on the lending performance of both Retail loans portfolio. Firm was struggling to form the team of Data Scientist to manage the pipeline of growing business and reduce the Operational risk by enhacing the Risk capabilities through Artificial Intelligence as there were limited resources having the expertize both in Finance domain and Ai.

Solution:

Ezapp’s Enterprise Payments Fraud uses advance Deep learning AI models which considers robust behavioral profiling, anomaly detection and machine learning analytics for identification of loan and credit card transaction fraud. Using advance AI Tensorflow models, Ezapp has developed fraud detection accurately and efficiently, this allows timely detection of the payment frauds so that Financial Firm can benefit from payment risk and improve the governance of the transactions with ease by leveraging AI solution.

Credit Card Fraud Detection Solution Ezapp’s Card Fraud provides adaptive solutions for real-time detection and prevention of credit card fraud. The end-to-end process is thus managed, from detection to investigation to resolution, within a single financial fraud Management platform.

Electronic Payments Fraud :

The Ezapp Payments Fraud solution enables holistic protection against payment fraud in the open banking ecosystem by combining both monetary and non-monetary activity information to derive more accurate fraud risk indicators.
‍ It provides broad coverage for cross-channel payments, automates interdiction to block fraudulent payments in real-time and minimises impact to your institution and customers.

Key Benefits:

• Detect more fraud accurately and faster with the approach of AI technology using Tensorflow and Neural Networks models.
• Capability to scoop millions of transactions and predict to the tune of 95%-99% Fraud detection of payments.
Software built enables ability to run Tensorflow based Machine Learning Models and Analytics to understand customer behavior.
• Stop Fraud in real time, minimize losses and customer disruption by stopping suspicious payments as they happen.
Smarter Solutions helps Business to minimize losses and scale business with frictionless approach.
• Streamline Fraud operations reduce investigation time and expense by automating transaction monitoring, event visualization and Risk reporting.