NetGuardians is the only company to combine unsupervised, supervised and active learning to create ‘3D AI’ – a flawless fraud detection system.
Anomaly detection (unsupervised learning)
Fraud recognition (supervised learning)
Adaptive feedback (active learning)
Example of a team leader overview dashboard
Selected timeframe
Fraud mitigation performance
Total amount of prevented frauds
Impacted customers – Number of customers saved from being a fraud victim
Total number of hits
NetGuardians’ software is specifically designed to help banks detect and prevent fraud. Plugging directly into core banking systems via pre-defined connectors, it extracts, enriches and analyzes data, spotting and stopping significantly more fraud and reducing investigation time.
Beating Banking Fraud with NetGuardians’ Machine Learning Risk Platform
You don’t need to be a data scientist to make sense of AI algorithms. Easily understand why AI raises an alert with the full business context and run powerful forensics using intuitive investigation tools.
NetGuardians’ CTO Jérôme Kehrli explains how AI helps financial institutions to prevent banking fraud.
Transaction score – Highlights the global risk score of the transaction
Transaction information – All important information of the transaction
Transaction score details – Unusual variables that lead to the blocking of the transaction
Within the millions of transactions a bank processes each year there will be a small number of frauds. While traditional AI systems can be taught to spot these frauds, they will become experts only in these known frauds – overfitting. NetGuardians’ managed learning technology doesn’t endlessly learn about any given type of fraud. It prevents AI from continually diving down just a few avenues. This avoids overfitting and makes it smarter and more dynamic, able to spot new types of fraud.
How to overcome overfitting in machine learning based fraud mitigation for banks?
April 13, 2023
By constantly serving our algorithms with information about their performance, we are able to hone them so they remain effective in the ever-evolving financial crime landscape.
Jérôme Bovay
April 03, 2023
NetGuardians is a fintech company, so my job consists of developing cutting-edge, innovative, and robust software for banks all over the world. We protect the banks, and their customers against fraudsters and financial crime. I sometimes feel like a guardian angel protecting the innocent.
Jérôme Bovay
A roadmap for applying AI models to prevent banking fraud.
