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Digital Identity, Security & Online Fraud

Kount sets the next-generation AI solution for payments fraud prevention

Thursday 27 June 2019 | 12:21 PM CET

Digital fraud prevention company Kount has announced the next-generation AI-driven solution that changes the way payments fraud prevention is delivered.

The company’s latest advancement creates the closest simulation of the decision process of an experienced fraud analyst, yet in a more accurate and scalable manner. Kount’s AI uses both supervised and unsupervised ML, along with additional calculations to deliver a near-human decision, allowing companies to control business-driven outcomes including higher revenue, reduced fraud losses, and lower operational costs.

Kount’s AI emulates an experienced fraud analyst by taking into account both historical fraud patterns as well as anomalies. The solution allows the analyst to set policies for the chargeback rates, accept or decline rates, or manual reviews, based on a new score: Omniscore. The new enhancement is twice as effective as existing models at detecting payments fraud, while maintaining Kount’s 250 millisecond response rate.

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