Fraugster is a German-Israeli anti-fraud company that uses artificial intelligence to eliminate fraud and increase customers’ profits. Fraugster's journey began in 2014 with the vision to design and build an anti-fraud technology that can help create a fraud-free world - one where no one has to care about managing risk again.
After years of working in the payments industry, the founders experienced first-hand the challenges of fraud for e-commerce merchants. The founders discovered that all existing anti-fraud solutions were built on outdated technologies and therefore not good enough to deal with sophisticated cybercriminals.
Existing rule-based systems as well as classical machine learning solutions are expensive and can't adapt to new fraud patterns in real-time, hence inaccurate. Accurate real-time decisions that improve performance, business results, and customer experience Fraugster’s fraud protection services allow merchants to validate customers’ identities and assess fraud risk throughout the customer journey - from account opening to checkout.
Wanted field of studies