DETECT & PREVENT
RealTime Ai Fraud Detection built to prevent Charge Back
Want to prioritize revenue growth and worry less about fraud? Millenniums.ai is here to help. Our Ai fraud prevention solution stops threats in real time and improves business operations so you can focus on increasing revenue.
REALTIME FRAUD DETECTION
Protect customers at each interaction and at every transaction
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Realtime Ai
Leverage real-time customer interaction and transaction data to elevate accuracy and enrich customer experience, ensuring seamless, intelligent, and frictionless protection. Our cutting-edge fraud detection AI is fueled by the latest advancements in Large Language Foundational Models, meticulously customized with guardrails to fortify your company and customer data. With integrated proprietary neural networks and machine learning algorithms, it evolves through a blend of supervised and unsupervised learning techniques, ensuring unparalleled adaptability and effectiveness.
Accurate
Avoid losing legitimate customers or frustrating them with constant fraud check alerts or wrongful watchlist placements, which not only impact your business but also create significant productivity losses. Our Real-time AI Fraud Detection system combines supervised and unsupervised learning algorithms, capturing 99% of fraudulent transactions without the need for manual rule creation or overwhelming alerts. Protect your business efficiently and effectively with our advanced fraud detection technology.
Automated
Imagine detecting a fraudulent transaction - do you decline it and risk leaving your customer hanging? With our automated solutions, seamlessly integrate real-time fraud detection AI to contact customers, verify transactions, and obtain their confirmation. This not only reassures customers but also provides a record of their approval, crucial in cases of chargebacks from legitimate buyers claiming fraud. Protect your customers and your business with our comprehensive fraud prevention system.
WELCOME TO THE FUTURE
Manual processes are out. Automated Ai is in. See what’s at stake if you stick to the old way.
Old Way - Rule base system
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Decline legitimate customers or annoying customers with constant fraud check alerts or wrongly place on watchlist.
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Manually create rules every time a new threat emerges
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Guess what prevention tactics are effective instead of using data.
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Fall behind on fraud and FinCrime trends because fraudster are now sophisticated and fast.
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Overwhelm compliance and fraud management teams.
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Make slow decisions based on outdated data.
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You already lost money when customers report fraud
The New Way
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Eliminate False Positives. Ensure you never decline a legitimate customer again, all while delivering seamless, intelligent, and frictionless protection.
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Stay one step ahead of fraudsters and criminals as our AI learns from network effect data, continuously self-trains, and applies its insights in real-time.
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Gain perpetual insights into your customers and perform due diligence in real-time with our AI, providing you with risk scores for credit and compliance risks such as money laundering.
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Streamline your workflow with our automation solutions, revolutionizing your company's tasks and reporting processes. Our system replaces humans in most tasks required for fraud and financial crime management.
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Free up your compliance and fraud team resources to focus on what matters most to you, generating profits.
MILLENNIUMS.AI FRAUD DETECTION
How is fraud detected and prevented?
The key to fraud prevention is data — collecting data, evaluating fraud patterns, and using data to drive decisions. You choose how much decisioning is automated, and the technology does the rest.
1. An interaction is detected.
A user initiates an interaction with your business such as creating an account, entering payment information, or logging into an existing account.
2. Data is collected.
The technology collects data about the user, such as personal information, device ID, and location.
3. Fraud Ai check transaction
Our AI analyzes data in real-time, comparing it to billions of data points across a global network that it was trained on to predict fraud or anomaly activity.
4. Policies are automated.
The Ai evaluates data collected from the user against your business policies and risk thresholds and perform automated tasks that your organization approve.
5. Decision: The interaction is accepted, blocked, or challenged.
Within milliseconds, the technology makes a decision and automatically accepts, blocks, and verify the interaction — without negatively impacting the user experience for good customers.
6. Fraudulent activities are prevented.
Our Generative Ai stops fraud — debit and credit card fraud, account takeover attacks, bot activity, and more. Then continuously learn as it adapts to new fraud schemes.