Question: Can you recommend a fraud prevention platform that uses AI and machine learning to approve more transactions?

If you're looking for a fraud prevention platform that uses AI and machine learning to approve more transactions, Vesta is a good choice. Vesta's platform uses advanced risk scoring, machine learning and AI to make accurate real-time decisions on transactions, resulting in higher revenue for online merchants. It offers features like Payment Protect for risk scoring and decision tools, and Payment Guarantee to ensure transactions are protected against fraud. The platform is easy to use, with real-time risk assessments and a visual dashboard to track transaction scores, which can lead to higher customer satisfaction and financial security.

Another powerful platform is Riskified, which is designed to help ecommerce businesses maximize revenue and minimize fraud. Riskified uses AI to assess more than 480 data attributes, making it a very efficient way to manage risk. Its features include Chargeback Guarantee, Policy Protect and Dispute Resolve that have been shown to reduce fraud costs, lower manually reviewed orders and increase transaction approval rates. This is a good option for any business looking to achieve predictable and profitable growth with frictionless customer experiences.

Forter and Sift are also good options. Forter's Identity Intelligence platform provides real-time decisions for every customer interaction, so businesses can provide great experiences while minimizing risk. Its features include Identity Protection, Fraud Management and Abuse Prevention that have been shown to significantly lower chargeback rates and false declines. Sift offers an AI-powered fraud decisioning platform that helps businesses grow safely without sacrificing trust. Its features like Account Defense and RiskWatch address fraud challenges across the user journey, making it a good option for e-commerce, fintech and iGaming.

If you're looking for a more general security solution, check out Kount. Kount's digital trust and safety platform uses real-time AI and machine learning for fraud prevention, chargeback management and identity verification. It builds detailed customer profiles and offers real-time authentication so businesses can better understand their customers and interact with them securely. It's a flexible solution that works with a range of industries and offers customizable automation to help businesses meet compliance requirements and reduce manual processes.