DIGITAL FRAUD PREVENTION STRATEGY
Improve digital fraud prevention strategy with more real-time data
Leading businesses rely on Aerospike to act in real time and serve as their foundation for the future.
Minimizing customer friction in light of ever-evolving fraud attacks
Benefits of the Aerospike real-time data platform for combating fraud payment
30x fraud exposure reduction
Fraud calculations get completed faster, with 30x tighter adherence to SLAs.Reduction in false positives
Employ 10-times the number of attributes in your same calculation time window.De-risk ML model testing
Conduct challenger/champion testing with proven 30 day playback.Employ more historical data
Merge system of record data in real-time with streaming transactional data at the edge.Save millions per day
Prevent more fraud with more data processed, faster.Reliably scale infrastructure
Future-proof your solution with the ability to scale from 10's of terabytes up to petabytes without degradation in system performance nor the undue burden of server sprawl.USE CASES
Fraud prevention is a 24x7x365, global activity
Real-time fraud prevention at its core relies upon fast data processing with machine learning. Organizations should always be looking to minimize their fraud losses. However, they often are unable to combine data silos to populate and conduct meaningful machine learning in real time.
Transaction (payment) fraud
Today’s Industry 4.0 manufacturing ecosystems are heavily data-driven, as companies are looking to leverage IoT sensors and monitoring devices to measure and analyze vast amounts of streaming data in real-time.
Application and identity fraud
Prevent fraudsters from using stolen or synthetic identities to open accounts, without stopping good customers.
Account takeover (ATO) fraud
Protect organization and customers from fraudsters who try to take over accounts to steal from or abuse them.
Anti-Money Laundering (AML) fraud
Financial organizations need to analyze vast amounts of transactions for patterns of illicit behavior - typically within seconds. Firms need to comply with AML regulations for: Know Your Customer (KYC) requirements, Currency Transaction Reporting (CTR), and transaction monitoring.
"Aerospike on a technology basis allows us to do more complex risk calculations in less time. A more thorough risk calculation allows better accuracy for our customers, to avoid friction in their transactions, and ultimately avoid losing money in fraud."
Nick Blievers, Senior Director Engineering, ThreatMetrix
"Identity and fraud risk management requires real-time assessment and decisioning on large volumes of continuously changing datasets. Aerospike Cloud Managed Service fits Experian’s cloud-first approach and enables us to help businesses improve response times and deliver a safe, convenient and frictionless customer experience."
Guillaume Colombier, Senior Director of Engineering, Global Identity & Fraud, Device Intelligence and Fraud Detection Solutions at Experian
"Identity and fraud risk management requires real-time assessment and decisioning on large volumes of continuously changing datasets. Aerospike Cloud Managed Service fits Experian’s cloud-first approach and enables us to help businesses improve response times and deliver a safe, convenient and frictionless customer experience."
Sai Devabhaktuni, Sr. Director of Engineering, PayPal
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