Impact snapshot

£485.2 Million Lost to APP Scams: In 2022, the losses due to Authorised Push Payment scams reached £485.2 million in the UK alone, highlighting the severity and prevalence of this type of fraud (UKFinance).

From $90 million in 2020 to over $255 million in 2022: In the U.S., reports of fraud and scam claims have surged, with PNC Bank's claims rising from 8,848 in 2020 to over 12,300 in 2022. U.S. Bank's claims through Zelle are on track to nearly triple from 14,886 in 2020 to 45,000 in 2022. Collectively, four major banks are set to see scam and fraud claims grow from $90 million in 2020 to over $255 million in 2022.

Real-time response to suspicious activities

Our real-time monitoring tracks transactions as they occur, stopping losses and protecting your clients. This timely analysis ensures swift detection and prevention of unauthorised transactions.

Customise your defences to match your unique risk profile

With our customisable rules & thresholds, you can adjust the system to your specific needs and risk appetite. This flexibility lets you protect yourselves and your clients while impacting legitimate transactions as little as possible.

Enhance your decision-making process with comprehensive insights

Our comprehensive dashboards deliver detailed analytics on detected fraudulent activities. These actionable insights empower you to continuously refine your fraud prevention strategies, and remain one step ahead of the fraudsters.

Harnessing AI for Enhanced Fraud Detection

Our advanced artificial intelligence driven solution combines state-of-the-art machine learning models with simple, implementable rules to analyse financial transactions. This reduces false positives and empowers your fraud team with the insights and control to investigate the most important cases, protecting your clients.

Let your fraud prevention capabilities grow and adapt with time

Our self-learning AI draws from the powerful network effects generated by billions of transactions and trillions of data points. This vast pool of information allows our models to refine and enhance their detection capabilities over time, ensuring that your defences stay ahead of as the threats they face.

Plug and Protect SaaS Product

Experience seamless and swift setup with our simple and easy API technology. This smooth integration into your existing infrastructure not only accelerates deployment timelines by 10-fold, saving you valuable time and resources but also enhances the overall customer experience.

Leveraging the network effects of collaborative intelligence

Our product leverages the network effects of data from banks, acquiring banks, card issuers, payment service providers, gateways and merchants, constantly learning from billions of transactions across the payment ecosystem to create a holistic view of the payment landscape and identify fraudsters and their networks.

Delivering a stable infrastructure through the cloud

Our product runs on the cloud, providing scalability, reliability and security. Fraudio’s cloud infrastructure can handle large volumes of transactions and deliver fast and accurate fraud detection.

Defend your and your clients business against APP scams

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Authorised Push Payment Fraud Protection

Mitigate the risk of APP fraud and protect your customers