|[April 20, 2017]
Easy Solutions Launches Artificial Intelligence Anti-Fraud Service
Solutions, the Total Fraud Protection company, today unveiled its
Intelligence (AI) Fraud Assessment Service for banks and other
financial institutions. Artificial Intelligence delivers a competitive
edge to any business that leverages it effectively, and it is already
being applied by leading financial institutions to improve fighting
In early engagements, organizations have seen up to 195 percent increase
in fraud detection rates using machine learning models developed from
the service. Additionally, according to the recent Gartner (News - Alert) report, Top
10 Strategic Technology Trends for 2017 (Cearley, Walker, Burke;
October 2016), "relentless and ever-increasing security attacks require
adaptive security architectures that emphasize security-aware solution
design; AI-enabled user and entity behavior analytics; and ne
architecture, methods and tools to address IoT and intelligent digital
"Machine learning and the resulting AI can become a blueprint to improve
banks' anti-fraud strategy," said Daniel Ingevaldson, CTO of Easy
Solutions. "They are revolutionizing fraud detection, allowing financial
institutions that employ AI to stop more attacks, lower false positives,
and reduce manual review time. This is a fundamental shift in improving
fraud detection, and is transforming how organizations think about
addressing the fraud adversary."
Easy Solutions conducts a personalized fraud use case review, led by a
team of data scientists and fraud experts, and analyzes fraud-marked,
anonymized transactional data to model and produce actionable insights
into transactional fraud risk. From this information, Easy Solutions
creates a custom machine learning classifier module, trained with client
With these custom fraud detection models, customers can:
Identify high-risk areas not covered by current rules and statistical
Expose previously unidentified fraud patterns unique to your
Increase detection rates
Act on recommendations and actionable insights
For more information on the new service, visit https://www.easysol.net/services/detectta-ai.
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for a particular purpose.
ABOUT EASY SOLUTIONS
Easy Solutions is a leading security vendor focused on the comprehensive
detection and prevention of electronic fraud across all devices,
channels and clouds. Our products range from anti-phishing and secure
browsing to multifactor authentication and transaction anomaly
detection, offering a one-stop shop for multiple fraud prevention
services. The online activities of over 100 million customers at 385
leading financial services companies, security firms, retailers,
airlines and other entities all over the world are protected by Easy
Solutions fraud prevention systems.
United States: 8550 N.W. 33 Street, Miami FL 33122. Phone (News - Alert): 1
(866) 524 4782
Latin America: Cra. 13A No. 98 - 21 Of. 401. Bogota, Colombia.
Phone: +57 1 - 742 5570
View source version on businesswire.com: http://www.businesswire.com/news/home/20170420005725/en/
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