TrackLight
About TrackLight
TrackLight develops an AI-based fraud detection platform that utilizes a library of over 3,000 fraud schemes and 1 billion open-source intelligence records to identify and prevent fraudulent activities in real-time. The platform integrates tools for due diligence, fraud analytics, social network analysis, and case management, enabling government and corporate clients to make informed decisions and reduce financial losses from fraud.
```xml <problem> Government agencies and corporations face increasing challenges in detecting and preventing fraud, leading to significant financial losses and operational inefficiencies. Traditional fraud detection methods often rely on manual processes and fragmented data sources, making it difficult to identify complex fraud schemes in real-time. This results in delayed detection, increased costs, and potential misuse of resources. </problem> <solution> TrackLight offers an AI-powered fraud detection platform designed to identify and prevent fraudulent activities before financial losses occur. The platform leverages a library of over 3,000 fraud schemes and more than 1 billion open-source intelligence records, combined with a specialized large language model and generative AI, to provide real-time risk assessments and actionable insights. TrackLight's suite includes modules for due diligence, fraud analytics, social network analysis, and case management, all integrated into a single platform. The AI copilot, Ray, assists users in navigating complex datasets by providing AI-generated summaries and tailored recommendations, ensuring informed decisions are made quickly and confidently. By embedding advanced fraud detection directly into existing workflows, TrackLight eliminates the need to toggle between tools, providing real-time alerts and AI-powered insights without disrupting operations. </solution> <features> - AI-driven models that continuously analyze program behaviors and financial transactions to identify suspicious activities in real-time - Risk scoring that assigns risk levels to individuals and entities, enabling users to focus on the highest-risk areas - A fraud scheme library with thousands of pre-built fraud schemes tailored by subject matter experts - Anomaly detection to automatically identify outliers and unusual patterns, flagging suspicious behavior - Real-time alerts that provide instant notifications when high-risk activities or fraud are detected - Continuous monitoring that delivers notifications when there are updates to monitored subjects - Social network analysis to identify high-risk relationships with list and graph displays of potential fraud actors - Customizable AI Agents that can be tailored to meet specific program or organizational needs - API access to integrate real-time due diligence directly into existing systems and workflows </features> <target_audience> TrackLight serves government agencies and corporate enterprises seeking to enhance their fraud prevention capabilities, improve operational efficiency, and maintain compliance with evolving regulations. </target_audience> ```
What does TrackLight do?
TrackLight develops an AI-based fraud detection platform that utilizes a library of over 3,000 fraud schemes and 1 billion open-source intelligence records to identify and prevent fraudulent activities in real-time. The platform integrates tools for due diligence, fraud analytics, social network analysis, and case management, enabling government and corporate clients to make informed decisions and reduce financial losses from fraud.
When was TrackLight founded?
TrackLight was founded in 2023.
How much funding has TrackLight raised?
TrackLight has raised 3000000.
- Founded
- 2023
- Funding
- 3000000
- Employees
- 10 employees
- Major Investors
- BarronKent Family Office, Growth Factory