Brighterion, a leading artificial intelligence and machine learning platform that provides real-time mission critical intelligence, is proud to announce it has won the “Best Use of Security/Anti-Fraud Solution in Payments” category at the 2021 Paytech Awards. This awards program recognizes excellence and innovation in the use of IT for the finance and payment industries worldwide.
“We’re honored to be the recipient of this inaugural award,” said Sudhir Jha, Senior Vice President and head of Brighterion, a Mastercard company. “We pride ourselves in the reliability and ingenuity of our platform and this recognition further validates our team’s hard work to protect our customers.”
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.
This year’s award winners were honored at a virtual event hosted by comedian Darren Harriott. The awards ceremony can be viewed on YouTube here.
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. We deliver 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. Our AI solution 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 we serve 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 Fintech Futures
An established industry leader since 1983, FinTech Futures is a premier digital publishing platform and the definitive source of news and analysis for the worldwide fintech community. As the organizer of the Paytech Awards, they recognize excellence and innovation in the use of IT in the finance and payment industry worldwide. They are the go-to, trusted resource for industry buyers, sellers, developers, integrators, regulators and other specialists across the sector, big and small. Their news team provides trusted, high quality editorial and resources for forward thinking fintech professionals, along with exclusive and comprehensive news, data-driven analysis and features.
Walker Sands for Brighterion