Overview
What is The ai Corporation RiskNet?
RiskNet, developed by The ai Corporation, is an advanced and adaptable fraud detection system designed specifically for card issuers and merchant acquirers. According to the vendor, this solution offers real-time transaction validation, flexible configuration options, and advanced reporting and analytics...
Leaving a review helps other professionals like you evaluate Fraud Detection Software
Be the first one in your network to review The ai Corporation RiskNet, and make your voice heard!
Get StartedPricing
Entry-level set up fee?
- No setup fee
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
Would you like us to let the vendor know that you want pricing?
Alternatives Pricing
Product Details
- About
- Tech Details
What is The ai Corporation RiskNet?
RiskNet, developed by The ai Corporation, is an advanced and adaptable fraud detection system designed specifically for card issuers and merchant acquirers. According to the vendor, this solution offers real-time transaction validation, flexible configuration options, and advanced reporting and analytics capabilities. RiskNet is suitable for companies of all sizes, from small and medium-sized enterprises to multinational financial services. It caters to a wide range of professions and industries, including financial institutions, processors, retailers, banks, and e-commerce companies.
Key Features
Automated Fraud Detection: RiskNet utilizes machine learning technology to analyze card payment transactions and detect potential fraudulent activity. According to the vendor, it covers various types of fraud, including card-present and card-not-present fraud, helping companies proactively prevent financial losses.
Real-Time Transaction Validation: RiskNet offers high-performance front-end transaction validation during the authorization process. According to the vendor, this allows companies to decline suspicious transactions immediately, minimizing the risk of financial losses.
Comprehensive Fraud Detection: RiskNet provides comprehensive fraud detection for all types of card payment transactions, including POS, ATM, and online transactions. According to the vendor, it analyzes transaction data in real-time, identifying patterns and anomalies that indicate potential fraud and generating alerts for further investigation.
Flexible Configuration and Rule Management: RiskNet offers flexible configuration options, allowing companies to tailor the system to their specific fraud detection needs. According to the vendor, users can define and manage rules that determine the criteria for flagging transactions as potentially fraudulent. The system supports customizable rule sets, enabling companies to adapt to evolving fraud patterns and trends.
Advanced Reporting and Analytics: RiskNet provides advanced reporting and analytics capabilities, giving companies insights into their fraud detection performance. According to the vendor, users can generate detailed reports on detected fraud cases, including transaction details, fraud types, and outcomes. Real-time and near-real-time analytics help companies monitor trends and identify emerging fraud patterns.
Real-Time Processing: RiskNet enables real-time transaction validation and authorization, ensuring quick and accurate fraud detection and prevention. According to the vendor, it allows for an immediate response to potential fraudulent activities.
Reduce False Positives: RiskNet aims to minimize false positive rates by accurately distinguishing between legitimate and fraudulent transactions. According to the vendor, this reduces the number of false alerts, allowing for more efficient fraud investigation and prevention.
Processing Performance: RiskNet supports high-performance processing capabilities for handling large volumes of transactions. According to the vendor, it ensures fast and efficient processing without compromising accuracy or security, making it a scalable solution for growing businesses.
Fraud Prevention: RiskNet offers comprehensive fraud prevention capabilities for card issuers and financial institutions. According to the vendor, it implements robust fraud prevention strategies and rules to mitigate risks, providing proactive measures to prevent fraud before it occurs.
The ai Corporation RiskNet Technical Details
Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
---|---|
Operating Systems | Unspecified |