Breakthrough in real time fraud detection & compliance
SeeWhy is used by leading companies to protect business transactions in real time with unprecedented accuracy. SeeWhy's behavioral profiling capabilities rewrite the economics of fraud prevention by reducing false positives to unprecedented levels at the same time as increasing the fraud detection rate. In compliance applications, the same techniques can be used to prioritize compliance investigations and to reduce risks and investigation costs.
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Event Intelligence transforms the economics of risk
Real time fraud detection has up to now been subject to the laws of diminishing returns: the more fraud you detect (as a percentage of the total fraud), the higher the rate of false positives generated. The costs associated with false positives are significant, and lead to many businesses tolerating an ‘acceptable level' of fraud as the cost of doing business.
In many cases, because the best customers do more business, they are most likely to have transactions denied or referred for fraud screening processes compounding the problem.
SeeWhy changes these economics fundamentally with new Behavioral Profiling technology which has a dramatic impact on false positives, cutting them by up to 10x in many cases.
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