MDM Booster usage scenario
Fraud detection: how to protect your company effectively
Increasing digitalization not only brings opportunities, but also risks – especially from fraud. Accurate fraud detection is the key to avoiding financial losses, reputational damage and negative legal consequences. Artificial intelligence (AI) enables you to identify fraud attempts in real time and react efficiently and quickly.
Challenges in fraud detection
Fraudsters adapt their methods
Fraudsters often use a variety of methods to be successful. Few cases per method make quick and easy detection difficult. Secure the knowledge and experience of your investigators and experts with individual AI models – trained easily, quickly and efficiently with the MDM Booster.
Large and small amounts of data
On the one hand, companies are faced with the challenge of analyzing huge amounts of data in real time, while on the other hand there is often only a small amount of information available for each case. The MDM Booster is easily able to support you in both cases. Born in the age of big data and matured to meet the challenges of less data.
Speed and scalability
Fraud attempts must be detected, reported and prevented in good time before the damage is done. The MDM Booster can detect fraud attempts in real time and forward them to the relevant processes. Thanks to its extreme scalability, the MDM Booster can also process a constantly increasing number of cases without any problems.
How modern fraud detection works
AI analyzes data streams and detects individual anomalies that indicate fraud attempts.
Permanent learning
AI-based fraud detection continuously adapts to new fraud patterns and threat scenarios through permanent learning.
Suspicious transactions and actions are immediately recognized, marked and can be immediately checked by your experts.
Advantages of fraud detection with Open LS
Open LS offers solutions for fraud detection that are characterized by precision and adaptability:
- Automated detection: Minimize manual checks and save valuable time.
- Data integration: Consolidate data sources to get a comprehensive view of suspicious activity.
- Compliance security: Ensure that all legal requirements are met.
- Individual dashboards: Visualize relevant information and gain detailed insights.
Areas of application
- Finance: Credit card fraud, money laundering and risk minimization with creditors and debtors
- E-commerce: chargeback fraud, forged identities, unlawful transactions
- Ab models and contracts: Fraudulent contracts
Demo date
With our innovative technologies – the MDM Booster and individual AI models for fraud detection – we support you in effectively combating attempted fraud. Protect your company proactively and sustainably.
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How can we provide support?
Would you like to receive further information or are you interested in an individual consultation? Simply let us know in a short message how we can help you and we will get back to you as soon as possible.
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