Fortify Solutions Cambridge offers an AI-powered fraud prevention platform for financial institutions that enhances detection and streamlines operations. Its behavioral analytics and intelligent automation capabilities reduce financial losses and manual review by identifying sophisticated fraud schemes and accelerating response times.
Funding
Funding not disclosed
Founders
Product
Problem
Financial institutions face escalating fraud threats that traditional rule-based systems struggle to detect effectively. This leads to significant financial losses, increased operational overhead for manual review, and a negative impact on customer trust due to high false positive rates.
Solution
Fortify Solutions Cambridge provides an AI-powered fraud prevention platform that integrates seamlessly with existing financial infrastructure. By leveraging behavioral analytics and intelligent automation, the platform delivers enhanced fraud detection capabilities and streamlines operational workflows. This approach transforms current systems into more robust, intelligent fraud operations, enabling institutions to mitigate fraud more effectively with reduced manual intervention. The solution focuses on providing earlier insights and enabling faster responses to emerging threats.
Target Audience
The primary customers are financial institutions, including banks, payment processors, and fintech companies, seeking to enhance their fraud detection and prevention capabilities.
Features
- **Behavioral Analytics Engine:** Utilizes User and Entity Behavior Analytics (UEBA) to identify anomalies in user and device patterns, detecting sophisticated fraud schemes.
- **Intelligent Automation:** Automates alert investigation, risk prioritization, and downstream action triggering to accelerate fraud response times.
- **Seamless Integration:** Designed to plug into existing decision engines, case management systems, and data warehouses without duplicating rules or access controls.
- **RuleTune Application:** Empowers fraud analysts to optimize detection strategies by fine-tuning rules based on genuine customer behavior patterns, reducing false positives.
- **AML Boost Application:** Applies behavioral intelligence to prioritize Anti-Money Laundering (AML) alerts and surface critical risk signals for compliance teams.
- **Ops Pilot Application:** Acts as an AI copilot within fraud workflows, providing alert investigation, root cause analysis, and recommended actions for analysts.
- **Real-time Performance Insights:** Offers continuous monitoring and reporting on fraud detection rates, false positives, and system health.
- **AI-assisted Rule Builder:** Provides an intuitive interface for fraud analysts to create and test detection rules with AI-driven suggestions.