Company Research Report on Fraudio



Company Overview



Name: Fraudio

Mission: Fraudio aims to decomplexify and disrupt the payment fraud detection and anti-money laundering industries through its patent-pending AI super brain technology.

Founded: No information is available

Founders: João Moura and Nathan Trousdell

Key People:
- João Moura, CEO & Co-Founder
- Nathan Trousdell, COO & Co-Founder
- Claire Scott-Hayes, Head of Product & Co-Founder
- Robin Vastenou, Data Scientist & Co-Founder
- Oswin Frans, Lead ML Engineer & Co-Founder

Headquarters: Amsterdam, Netherlands (with additional offices in London, Lisbon, and Barcelona)

Number of Employees: No information is available

Revenue: No information is available

What is the Company Known For: Fraudio is known for its innovative approach to fraud detection and AML solutions. It leverages a centralized AI brain to provide comprehensive fraud protection across the payment ecosystem, benefiting merchants, payment service providers, card issuers, and banks.

Products



1. Payment Fraud Detection


High-Level Description:


Fraudio offers a sophisticated solution for detecting fraudulent transactions using AI and machine learning techniques.

Key Features:


- Instant fraud detection with no integration/setup costs
- Fully configurable risk appetite thresholds
- Reduces false positives to maximize conversion
- Constant machine learning updates for future-proof protection
- Fast response times (below 100ms)

2. Merchant Initiated Fraud Detection


High-Level Description:


This tool continuously monitors merchant behavior to detect irregularities and fraudulent activities in real-time.

Key Features:


- Integrates with the payment fraud detection platform
- Continuous monitoring of risk indicators
- Alerts and comprehensive reporting
- Facilitates real-time responses
- Reduces costs related to merchant onboarding and portfolio risk

3. Anti-Money Laundering (AML) Solution


High-Level Description:


Fraudio’s AML solution offers swift implementation and continuous monitoring to detect suspicious transactions and ensure compliance.

Key Features:


- Fast integration and go-live in weeks
- Explainable AI/ML reducing false alerts
- Customizable configurations to fit specific business needs
- Automated compliance checks and regulatory reports
- Pay-for-use pricing model ensuring cost-efficiency
- Cloud-based scalable infrastructure

4. Authorised Push Payment (APP) Fraud Detection


High-Level Description:


Focused on protecting financial institutions from APP fraud, this solution uses real-time monitoring and AI to prevent unauthorized transactions.

Key Features:


- Real-time responses to suspicious activities
- Customizable defense mechanisms based on unique risk profiles
- Detailed dashboards for comprehensive insights
- Self-learning AI models leveraging network effects

5. Money Mule Detection


High-Level Description:


This solution detects money mule activities by analyzing account behavior for signs of illicit fund transfers.

Key Features:


- Immediate alerts on suspicious account behavior
- Advanced big data and AI-driven insights
- AI that adapts to emerging financial crime trends
- Comprehensive reporting on suspicious accounts

Recent Developments



Recent Developments:
- No specific dates or details about recent developments are provided. However, the company has made significant strides in expanding its product suite and geographical reach up to 2023.

New Products Launched:
- Updated product suite in 2023, including advanced AML, Payment Fraud Detection, and Merchant Initiated Fraud Detection products.

New Features Added to Existing Products:
- Implementation of self-learning AI models
- Enhanced explainable AI/ML features
- Customizable defense mechanisms for fraud detection tools

Any New Partnerships:
- Partnership with Fazz Financial to expand into South-East Asia in 2022
- Working with multi-billion dollar businesses like SaltPay and Viva Wallet

Trusted By


- Viva Wallet
- WiPay
- IXOPAY
- Bold.co
- LOQR
- ePayco
- SaltPay

Conclusion


Fraudio continues to push the boundaries of fraud detection and AML solutions, leveraging cutting-edge AI technology and a centralized dataset approach. Its products provide scalable, future-proof protection for a diverse client base from merchants to large financial institutions. With ongoing innovation and strategic partnerships, Fraudio is positioned as a leader in the fraud detection industry.