Brighterion Inc Leading the Way in AI Fraud Detection

Brighterion Inc is a company that's making waves in the AI fraud detection space. They've developed a platform that uses machine learning to identify and prevent fraudulent transactions.

Their platform is capable of analyzing vast amounts of data in real-time, allowing it to detect patterns and anomalies that might indicate fraudulent activity. This is especially useful for businesses that handle a high volume of transactions.

Brighterion's AI-powered fraud detection platform has been shown to be highly effective, with some clients reporting a significant reduction in fraudulent transactions.

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Brighterion Inc is a company that specializes in AI-powered decisioning technology.

Their technology is designed to help businesses make better decisions by analyzing large amounts of data.

Brighterion's platform can process and analyze over 1 billion transactions per day.

They have a global presence with offices in the US, UK, and Australia.

Their technology is used in various industries including finance, healthcare, and retail.

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Leading AI capabilities deliver more sophisticated and efficient fraud protection. Brighterion, a Mastercard company, and Elavon, a global payments provider, have joined forces to integrate Brighterion's advanced AI platform into Elavon's network to minimize fraud and manage risk.

The explosion of ecommerce has been matched with a rise in digital fraud. Ajay Bhalla, president of cyber & intelligence at Mastercard, notes that AI has proven itself critical in managing the complexities of today's evolving world.

Brighterion's AI platform will enable Elavon to analyze nearly 100 billion transactions annually, helping to discover and identify transaction anomalies and mitigate risk. This is a significant upgrade from legacy rules-based systems, which can be cumbersome and inefficient.

Mastercard's AI and machine learning technologies, such as AI Express, provide real-time intelligence across data sources regardless of type, complexity, or volume. This allows companies to develop a tailored AI model and address key business priorities, including anti-money laundering and operational efficiencies.

Brighterion's AI solution secures billions of transactions monthly and is used by many of the world's leading organizations and governments in payments, compliance, and financial markets.

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What makes Brighterion AI unique is its ability to provide highly personalized functionality, with updated intelligence on any entity, such as a card, account or merchant. This allows for dramatic decreases in false-positive rates and higher detection rates.

Brighterion AI uses proprietary network intelligence to enhance precision and detection above and beyond clients' own datasets. This includes global fraud insights from a proprietary network, creating superior models.

The AI solution is also scalable, with the ability to score billions of transactions per month, and achieve millisecond response times. This makes it an ideal solution for high-frequency transactions.

Here are some of the key features that make Brighterion AI unique:

Brighterion AI is used by leading organizations worldwide to fight fraud, delivering advanced artificial intelligence and machine learning capabilities. It's built with skill and governed by strict data standards, allowing it to learn, adapt, and scale at an unsurpassed level.

The AI has an ability to analyze nearly 100 billion transactions annually, helping customers save millions of dollars every year. This is a testament to the power of AI in managing risk and maintaining the integrity of global systems.

Brighterion's AI platform is designed to provide real-time intelligence across data sources, regardless of type, complexity, or volume. This is made possible by Mastercard's AI Express, which helps companies develop a tailored AI model and address key business priorities.

The platform's capabilities include business and data understanding, cost savings, and deployment and scale. It also includes features such as case management, investigator tools, and data responsibility.

Here are some key features of Brighterion AI:

Brighterion AI is a scalable, end-to-end AI solution that's exceptionally accurate in its scoring. These scores can be complemented with powerful, user-friendly modules, including Rules Management, Case Management and Business Insights.

Brighterion AI uses global fraud insights from proprietary network intelligence, to create superior models. This network intelligence is a result of decades of expertise in extracting intelligence from high-frequency data.

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The AI solution allows for real-time detection of suspicious behavior, which can be defined by patterns and types of profiling. This includes real-time, long-term, geo-location, and more.

You can define any time window for aggregation, making it a flexible tool for various applications. This is made possible by the proprietary machine learning that includes features engineering, model generation, and ensemble tools.

Brighterion AI achieves lightning-fast response times, with virtually no downtime, thanks to its unrivaled performance and scalability. This allows for easy deployment in the cloud or on-premises.

Here are some key features of Brighterion AI:

You can create and edit business rules with an intuitive user interface, allowing you to determine if transactions are suspicious, fraudulent or genuine, and build on any input field or derive element in the system.

To test rules on historical data, you can simulate performance prior to deploying and analyze rule performance while in production and before deployment. This helps assess the number of alerts generated by each rule, true positives and false positives.

Customizable reports can be created across any payment/account portfolio, and you can define key performance indicators to track. You can also use pre-packaged report templates or create custom or premade report templates for team use.

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Customizable modules offer a high degree of flexibility and control. With an intuitive user interface, you can write, test, and manage business rules with ease.

You can determine if transactions are suspicious, fraudulent, or genuine, and build on any input field or derived element in the system. This allows for a tailored approach to risk management.

Testing rules on historical data helps simulate performance prior to deployment, giving you a clear picture of what to expect. Analyzing rule performance while in production and before deployment also provides valuable insights.

Creating customizable reports across any payment or account portfolio is a key feature. You can define key performance indicators to track specific metrics.

Standardized reporting is also a valuable aspect of customizable modules. You can use pre-packaged report templates or create custom ones for team use.

Actionable intelligence is just a click away. You can improve decision-making in real-time and fine-tune rule performance to optimize results.

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Some key features of customizable modules include:

Customization and integration are key to success, and companies like Mastercard are proving it. Mastercard's strategy of using bolt-on additions to augment its services is working, with a 21% year-to-date increase in revenue in the segment.

The company's acquisitions, such as APT, NuData, and Brighterion, are not game-changers on their own, but together they're making a significant impact. Mastercard spent $920 million on VocaLink, its largest acquisition since going public.

These services are not only driving revenue growth but also helping Mastercard win new deals. In the second-quarter conference call, CEO Ajay Banga said, "In each of these deals, our innovative solutions and value-added services were key differentiators for us."

The cost of these acquisitions is being justified by the double-digit percentage increase in revenue from these services. If this trend continues, the acquisitions will be seen as a worthwhile investment.

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Brighterion's competitors and alternates are a diverse group of companies, each with their own strengths and specialties. Signifyd is currently ranked as the top competitor, with a total funding of $394M and a Tracxn score of 75/100.

Signifyd is a provider of fraud prevention and payment validation for online retailers. They've had significant backing from investors, including CPP Investments and TriplePoint Capital.

Entrust, ranked second, is a provider of digital identity management solutions, and has been acquired by a private equity firm. They have a Tracxn score of 74/100.

ThreatMetrix, ranked third, offers fraud prevention and context-based authentication solutions. They've had a total funding of $56.4M and a Tracxn score of 74/100.

IDnow, ranked fourth, provides KYC, identity verification, and AML solutions for banks and financial institutions. They've had a total funding of $40M and a Tracxn score of 73/100.

Riskified, ranked fifth, offers AI-based payment fraud prevention solutions for e-commerce. They've had a total funding of $232M and a Tracxn score of 73/100.

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Here's a list of the top 10 competitors and alternates, ranked by their overall rank: