AI Fraud Detection

Rosebay uses advanced algorithms and models to detect transaction deviation much faster, more accurately, and on a more scalable basis than human judgment alone. Alethea, fraud management tool can analyze billions of historical transactions and looks for signals that have predicted fraud in the past. It provides the ability to fine-tune fraud prevention decisions, conduct investigations, and monitor performance. It enables organizations to create rules and policies that meet their unique business needs and customize risk thresholds.

Benefits

  • Secure your transactions at a fraction of the cost of your current system.
  • The highly predictive score can be relied upon when decisioning orders so that there is less reliance on manual review and reactive fraud rules. 

Proactive Fraud Detection can help your bank save $millions in payments fraud 

  • Credit Card
  • Mobile banking and wallet
  • Debit card
  • NFC payments
  • Track and trace transaction with fraud risk score.
  • The system can detect potentially fraudulent transactions in real-time as well as give a confidence measure/likelihood of fraud.

AI driven fraud management system

  Automate

  Analyse

  Predict

Learn

How It Works

Casestudy

One of bank customers in Southeast Asia uses several channels for payments including  Mobile wallet, Mobile Banking, Swipe cards, Chip cards, Loyalty cards.

Customer seamlessly applied Alethea(Rosebay Fraud detection tool) to all it’s transaction workflow via a FEP system (front end processor) integration.  Alethea is now used to detect fraud from all the bank’s channels in real-time 

The system can detect potentially fraudulent transactions in real-time as well as give a confidence measure/likelihood of fraud.  Once reported, bank processes take over deciding the action (block transaction in real-time or not) based on the likelihood as well as the amount.

Screenshots

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