News
ai transforms the way we use fraud systems
February 2017 by Marc Jacob
The ai Corporation (ai) based in Surrey, UK have announced the birth of their Research Council (RC). Partnered with Southampton University and Leuven University, this research will further strengthen ai’s position at the forefront of the payments industry. The focus for the Research Council, is on releasing human creativity within the payments landscape, by automating complex and repetitive tasks to simply stop fraud.
Their research focus is aimed at augmenting our market successes that fraud prevention platforms are capable of so much more than just detecting fraud. “One of the richest sources of information in any organization is the fraud database – it has to be to get the best results. It fraud data bases are so good at finding the bad guys, turning this data refinery around to look for positive things should be simple.” Tom says.
The purpose of the RC is to develop the solution road map for ai and to create solutions that can be adapted to automate not just fraud, but other areas of the business such as; credit scoring, credit monitoring, gateway switching and interchange optimization, sales and marketing effectiveness. Ultimately, ai’s fraud platform is a reusable technology asset that has a wider business application as end to end decision engine.
In order to retain a competitive positions, research and development is imperative and this step shows that innovation is at the heart of ai’s business.
