Brighterion Wins “Banking Tech of the Year” at 2022 US FinTech Awards
September 22, 2022
San Francisco, Calif. – September 19, 2022 – Brighterion, a leading artificial intelligence and machine learning platform that provides real-time intelligence, is proud to announce it has won the “Banking Tech of the Year” category at the 2022 US FinTech Awards. This awards program was developed to highlight the success and innovations of the best and the brightest players in the US fintech community.
“This win is an exciting reminder that Brighterion’s constant efforts to innovate are making a difference,” said Sudhir Jha, Senior Vice President and head of Brighterion, a Mastercard company. “By consistently building innovative technology that quantifiably and significantly decreases fraud, our technology is saving acquiring banks and their customers billions of dollars every year. It is an immense honor to have our hard work recognized with this industry award.”
Brighterion’s AI solutions are adaptive and agile, outpacing legacy, rules-based systems that many providers still operate within. With modern, cloud-based AI models that can be deployed in as little as 6-8 weeks, Brighterion’s technology is the fastest platform of its kind on the market. Additionally, Brighterion’s technology can be rapidly deployed and updated, meaning it can alert acquirers and merchants in real-time to disrupt fraudulent transactions, preventing the costly chargeback process.
To adapt and thrive in the fast-changing payments industry, Brighterion customer Worldpay increased its fraud detection and prevention by 3.2 times using Brighterion’s AI technology. Worldpay, the world’s largest acquirer, achieved “astronomical” results, enabling 30 percent more transactions, 20 times fewer false positives, and 25 times fewer daily alerts. By perpetually monitoring its entire portfolio for risk, Brighterion allows Worldpay to stay ahead of regulatory issues, prevent fines, protect its merchants from being defrauded, and defend its bottom line.
For more information about Brighterion’s proprietary AI technology, please visit its website.
About Brighterion, Inc.
Brighterion, a Mastercard company, was founded in 2000 and acquired by Mastercard in 2017. Brighterion delivers a leading artificial intelligence and machine learning platform that provides real-time mission critical intelligence from any data source, regardless of type, complexity or volume. Its AI solutions secures billions of transactions monthly and is used and trusted by many of the world’s leading organizations and governments in payments, compliance, financial markets, security and defense, healthcare, Internet of Things, marketing and more. Currently it serves 74 out of 100 of the largest U.S. banks and more than 2,000 customers worldwide, analyzing nearly 100 billion transactions annually. For more information, please visit Brighterion’s website, blog, Twitter, Facebook, or LinkedIn.
About US FinTech Awards
The US FinTech Awards is brought to you by FinTech Intel, the global market intelligence platform for financial services technology. The US is home to the world’s premier financial services centre and a burgeoning financial technology market. These awards were developed to celebrate this incredible community, and the achievements and successes of the country’s best and brightest. The categories are designed to cover the full spectrum of fintech, and submissions are judged by an independent panel of experts.
Walker Sands for Brighterion