Fintech Startup: Real-Time Fraud Detection System
Built an ML-powered fraud detection system analyzing transactions in under 100ms with 99.9% accuracy, reducing fraud losses by 75%.
The Challenge
A payment processor handling $10B annually was experiencing 0.5% fraud rate, resulting in $50M in annual losses.
Our Solution
We developed a multi-layer fraud detection with real-time feature engineering, ensemble ML models, graph analysis for organized fraud rings, and explainable AI for regulatory compliance.
Key Features Delivered
Results & Impact
Reduction in Fraud Losses
Detection Accuracy
Decision Latency
False Positive Rate
“DevSimplex delivered a fraud detection system that outperforms our previous vendor at a fraction of the cost.”
Technologies Used
Services Provided
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