Fraugster

Fraugster

Artificial Intelligence

Founded: 2016
HQ: Berlin / Germany

Fraugster is German-Israeli payment security company that eliminates online fraud while maximizing revenues for merchants. Our AI-powered fraud detection technology learns from each transaction in real-time and can anticipate fraudulent attacks even before they happen.

Industry
  • Ecommerce
Primary Functionality
  • Fraud Platform
Fraud Type
  • Payment Fraud
Technology
  • Machine Learning

Reference Customer

VISA

CREDORAX

CURRENCIES DIRECT

Integration

VISA

CREDORAX

CURRENCIES DIRECT

Fraud Solution Profile

Outdated payment security technologies like 3D Secure are causing ecommerce merchants to lose more money to online fraud than ever before. Fraugster has invented a self-learning algorithm that mimics the thought process of a human analyst, but with the scalability of a machine, and can give decisions in as little as 15 milliseconds. Based on average performance, fraud rates are reduced by 70%-80% while conversion rates are increased by as much as 35%. Fraugster works with leading international clients like VISA, Credorax, etc. and in a short period of time, grown to manage nearly €15 billion in transaction volume for their clients.

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