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How to Reduce Fraud by 70% at a pan-European Payment Processor
Marco Gomes
February 27, 2024
•
5 min read
How to Reduce Fraud by 70% at a pan-European Payment Processor
In this SIBOS keynote, pan-European payment processor SIBS talks about their journey from rule-based fraud prevention to combining AI, behavioural feature extraction, and advanced rule writing with IBM Safer Payments.
In the video, SIBS explains how they ability of Safer Payments to extract 400 behavioural features in real-time from the payment transaction flow, the fast machine learning capability to create AI scoring models, and the flexible and its efficient rule engine enabled them to rapidly reduce fraud losses by 70% at a remarkable low false/positive rate of only 1:3.
