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.