The ai Corporation RiskNet
About The ai Corporation RiskNet
RiskNet is a risk management software from The ai Corporation designed to assist businesses in identifying and mitigating financial risks. It includes features such as risk assessment, reporting capabilities, and compliance tracking so organizations can make informed decisions. The platform provides tools for real-time monitoring, customizable dashboards, and data analytics to support users in understanding their risk landscape effectively. RiskNet is particularly suited for financial institutions and enterprises looking to manage their risk exposure and regulatory compliance efficiently. Key capabilities: risk assessment reporting capabilities compliance tracking real-time monitoring data analytics Best for: financial professionals that need to manage risk and compliance effectively.
aiRiskNet® is a proprietary, AI-powered fraud management platform specializing in protecting fleet mobility payments, issuers, and acquirers. Powered by machine learning and deep learning, its core strength lies in real-time transaction assessment and detection, instantly blocking suspicious activity across all payment types, including virtual, contactless, and mobile apps. It features a fully customisable rules engine managed via an intuitive wizard, offering comprehensive control from card-level blocking to country-wide restrictions. The platform’s efficacy is enhanced by pre-integration with aiEazyFuel® and optional modules like aiAutoPilot ML® for automated rule maintenance and aiSmartScore® for behavioral risk scoring. The software is highly scalable, supporting portfolios from 10,000 to over 10 million merchants. Deployment is flexible, offered as licensed software or as a Software as a Service (SaaS) solution, and can be hosted within a client’s data center or in a secure PCI DSS compliant Azure Cloud environment. The platform is utilized by a wide range of parties in the payment chain, including issuers, financial institutions, acquirers, processors, and merchants.
Pros & Cons
- +Real-time AI/ML detection reduces fraud losses while maintaining smooth transaction flow.
- +Scalable solution suitable for both small portfolios and large enterprises with millions of merchants.
- +Customisable rules engine empowers businesses to control fraud detection strategies.
- +Modular architecture allows integration of advanced analytics, alerts, and behavioural profiling.
- +Hybrid deployment offers flexibility between cloud and on-premise setups.
- −The software’s complexity may lead to a steep learning curve for new users without prior fraud management experience.
- −Some advanced features like aiAutoPilot ML® and aiSmartScore® may require additional configuration and expertise to optimise.
- −Limited visibility into integration capabilities with smaller regional payment processors.
- −Real-time AI processing could require high computational resources for very large transaction volumes.
- −Alerts and case management may generate high volumes of notifications if not finely tuned, potentially overwhelming teams.
Features
Key features
- Real-time AI-powered fraud detection
- Detects and prevents fraud across all payment types and channels instantly using AI and machine learning.
- Fully customisable rules engine
- Allows users to define fraud rules at card, BIN, or country level with an intuitive rules wizard.
- Machine learning and neural models integration
- Enhances fraud detection accuracy and reduces false positives using advanced models.
- Analytics and insights dashboards
- Provides actionable business intelligence and reporting for monitoring fraud trends and operational performance.
- Merchant monitoring for acquirers
- Identifies risks such as collusion, ghost terminals, and portfolio anomalies for better merchant oversight.
- Scalable architecture
- Supports portfolios from 10,000 to over 10 million merchants and adapts to various payment types including i-banking and m-banking.
- Flexible deployment options
- Can be deployed in a secure PCI DSS-compliant cloud (Azure) or on-premise data centres for operational flexibility.
Additional features
- Rule engine with statistical and expert rules
- Supports complex and customised fraud strategies applied across all transactions.
- Real-time transaction assessment
- Evaluates each transaction instantly to block or flag suspicious activity.
- Merchant portfolio monitoring
- Monitors acquirer merchant portfolios for fraud and operational anomalies.
- Advanced queue management
- Efficiently handles fraud alerts, prioritises cases, and optimises workflow.
- Fraud case management and reporting
- Allows detailed investigation, documentation, and reporting of fraud incidents.
- Cross-border and multi-currency monitoring
- Supports global transactions and multiple currencies to mitigate international fraud risk.
- Modular add-ons
- Includes behavioural profiling, alert communications, business intelligence, and managed fraud services.
- Machine learning automation via aiAutoPilot ML®
- Automatically evaluates and updates fraud rules based on evolving trends.
- Behavioural risk scoring via aiSmartScore®
- Provides customer risk profiles to improve fraud detection precision.
- Customer communications via aiSmartAlerts™
- Sends tailored alerts using multiple channels including SMS, WhatsApp, email, and voice.
Pricing
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About The ai Corporation RiskNet
RiskNet is a risk management software from The ai Corporation designed to assist businesses in identifying and mitigating financial risks. It includes features such as risk assessment, reporting capabilities, and compliance tracking so organizations can make informed decisions. The platform provides tools for real-time monitoring, customizable dashboards, and data analytics to support users in understanding their risk landscape effectively. RiskNet is particularly suited for financial institutions and enterprises looking to manage their risk exposure and regulatory compliance efficiently. Key capabilities: risk assessment reporting capabilities compliance tracking real-time monitoring data analytics Best for: financial professionals that need to manage risk and compliance effectively.
The ai Corporation RiskNet Details
The ai Corporation RiskNet's In-App Market Place
Does The ai Corporation RiskNet have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
1
Mini Apps
N/A
Pricing Options
Accepted Payment Currencies
USD ($), EUR (€), GBP (£), JPY (¥), AUD (A$), CAD (C$), CHF (Fr), HKD (HK$), SGD (S$), INR (₹), CNY (¥), SEK (kr), NZD (NZ$), MXN (Mex$), ZAR (R), RUB (₽).
Pros & Cons
- Real-time AI/ML detection reduces fraud losses while maintaining smooth transaction flow.
- Scalable solution suitable for both small portfolios and large enterprises with millions of merchants.
- Customisable rules engine empowers businesses to control fraud detection strategies.
- Modular architecture allows integration of advanced analytics, alerts, and behavioural profiling.
- Hybrid deployment offers flexibility between cloud and on-premise setups.
- The software’s complexity may lead to a steep learning curve for new users without prior fraud management experience.
- Some advanced features like aiAutoPilot ML® and aiSmartScore® may require additional configuration and expertise to optimise.
- Limited visibility into integration capabilities with smaller regional payment processors.
- Real-time AI processing could require high computational resources for very large transaction volumes.
- Alerts and case management may generate high volumes of notifications if not finely tuned, potentially overwhelming teams.
The ai Corporation RiskNet's Support Options
Contact
+44 (0)800 086 9052The ai Corporation RiskNet's Alternatives
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