Brighterion is honored to receive an award from the Emerging Payments Association recognizing our innovative AI technology
When the Emerging Payments Association makes its shortlist of award nominees, it’s looking for innovation and collaboration. The judges’ goal is to recognize companies making significant advances in how payments are made in today’s business landscape.
We are thrilled to bring home the hardware for the “Best Use of Payments Data or AI in Financial Services” award, received in front of 800 of our industry peers at a glittering gala in London, UK.
Now in its 12th year, the Emerging Payments Association award ceremony honors the latest fintech innovations and innovators. Over 200 companies from across the globe enter the award program each year via 20 different categories. Winners are selected based on the significant advances they’ve made in the payments sector.
Brighterion was recognized for its unique AI technology that detects and prevents payment and other types of first-party fraud in real time. By providing self-learning capabilities that overcome the limitations of legacy machine learning solutions, Brighterion technology creates personalized, adaptable profiles that automatically update and refine with each transaction. Its patented Smart Agents connect with cardholders, merchants or terminals, and build individual profiles based on usage and behaviors. The result is unprecedented behavioral insights such as the spending behavior of customers and the constantly evolving tactics used by fraudsters.
“This win is testament to our commitment to reducing and preventing payment and merchant fraud, while also reducing friction for customers and future-proofing payments security for new data types, systems and regulations,” says Sudhir Jha, Mastercard Senior Vice President and Head of Brighterion.
The timing of this award coincides perfectly with the release of Sudhir’s IA Innovators videos. In these short clips, Sudhir discusses his vision for both the future of AI and of Brighterion.
“We look forward to continuing to contribute to global payments innovation by proactively identifying fraud and delivering real-time, actionable insights to those who need it most,” he says.”
If you haven’t seen our IA Innovators series, hear from one of our largest payments customers. You’ll learn how the Brighterion AI platform is delivering powerful anti-money laundering technology, fraud and credit risk monitoring to WorldPay, the world’s largest acquirer that processes more than 20 billion transactions each year in 150 countries using 130 different currencies.