Assessing last 15 years, fraudulent activities across various industries have been increasing making securities look feeble. Considering financial institutions like banks, user (personal or corporate) accounts are most common getting “hacked” without having the slightest of knowledge. The Financial institutions recognize it as a posing threat to their existence. Technologies have come a long way and with latest advancements, AI (Artificial Intelligence) shows us the path to Enterprise- Grade security, end-user credit analysis through machine learning and automatic algorithm generation, and enhanced user behavior analysis.
Soncoya solutions is coming up with its own enhanced AI Fraud detection tool to help counter frauds happening in any banking institution and developing a fraud shield to protect finances 24*7. The tool would helps detect fraudsters “Breadcrumbs” (Trails) through recent and past activities in and out the system. This helps protect frauds across digital devices. Also, detecting general user behaviour/patterns and detecting non-feasible activities (transactional behavior, cash withdrawal behaviors, spending behavior, locations defragmentation etc.) Characterizing such activities to help secure every individual account.
Helping progress of the system to track frauds, regular manual interpretation in case of failures may be inhibited to help enhance live learning(machine) landscape making the learning better and decisions absolute. Our major goal is to reduce risk condition that surround the finances in every way possible. Catering to specific business needs, it can be used across various industries.
Artificial Technologies Offered By Us: