FraudWave is a zero-knowledge fraud detection platform. We enable businesses to collaborate and identify fraudulent activity privately, without exchanging data.
FraudWave works with pre-encrypted data making leaks impossible.
FraudWave combines time-series statistics with machine learning and signal processing to monitor customer transactions across multiple platforms.
Set rules for your customers and get alerted when customer risk-profile changes or unusual transactions are detected.
Our team of data scientists are always working on understanding industry-specific fraud behaviors and how to express them.
Train and re-train your alert rules with historical fraudulent activity. Stop repeat fraudsters in their tracks.
Understand team performance and make KPI driven decision to increase effectiveness of your audit and forensic team.
We extract digital identities across multiple organizations and baseline risk by matching them against standard watchlists and previous history. Working with you, we continuously monitor transactions and match them against customer identities to identify risky behaviour. We then adjust risk distribute new information to all our customers.
Examples of how FraudWave can help businesses to collaborate and to detect fraud.
ML / AI is only effective as a reactive tool. You can teach a machine to make predictions and detect outliers on a finite data set but, a machine cannot understand the virtually infinite complex interactions within the economy.
Fraudsters are often hiding in plain site within the distribution of the norm. They are well adapted to go unnoticed within a closed-loop system.
FraudWave breaks out of data silos without compromising the privacy ring-fence to catch the layering of transactions within the economy to better detect unusual activity for superior risk-based monitoring.
At FraudWave we work hard to stay ahead of fraudsters. Our red-team is continuously simulating attacks trying to beat our algorithms. If they win, you win and we immediately adjust our signals.
Don't become a target. All data that leaves your networks is one-way encrypted and protected by a ring fence. If we can't see it neither can attackers. You can store your data with us or store it in your own data center.
Streamline your audit processes by taking a seat in the referee's chair for a view of the action. We work with your partners, or you can work with ours to ensure your business is covered end-to-end.
Get started with the plan the works best for your business.
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