With the burgeoning growth of electronic financial transactions and their relative anonymity, sophisticated fraud schemes have exploded in the last 5 years, as reported by the FBI and leading publications such as The Wall Street Journal, Forbes, and the New York Times. As reported by CNBC, over 16 Billion dollars was lost to identity theft fraud alone. However, savvy CFOs are using Machine Learning to detect these fraud schemes and thwart these criminals.
Decades of experience fighting fraud across multiple domains have led Aviana to conceive and develop NEMESIS. NEMESIS provides flexible data layers to process your transactional data, regardless of the specific vertical or transaction type your business deals with. It can leverage transactions-level scores produced by an existing fraud detection system, or support customized machine learning models that Aviana can develop for your business.