Minimize Financial Fraud with Machine Learning & AI

Integrate smart technologies to protect your fintech business

Fight fraud effectively! Benefit from applying machine learning and artificial intelligence technologies for identifying, preventing and minimizing fraud activities. Protect your data and ensure secure financial services for your customers.

Custom ML-powered software helps prevent:


Chargeback fraud


ML-algorithms track all chargeback operations, analyze them, create patterns, and compare each new chargeback with the previous ones to detect differences and catch fraud.


Account takeover


Integrate ML-software to eliminate malware, phishing, or data breach attempts, which can lead to taking over someone’s bank account.


Refund fraud


Machine learning solutions integrated into your system make it impossible for scammers to access credit card credentials to request a refund to another bank account.


Identity theft


ML software can add massive protection to personal information such as bank details, names, passwords, emails, passport, or other identification data.

Anti-fraud software by Innovecs
With Innovecs teams of data scientists, you will be able to assess risks and minimize losses by detecting and alarming fraudulent activities in real time. Processing massive datasets fast, monitoring anomalies in common patterns, and increasing overall operational efficiency becomes possible with smart machine learning algorithms. And Innovecs can be your reliable partner in developing and integrating them into your functioning system.
Real-time monitoring
Risk assessment
Fraud detection
Alarms and notifications
Jam City
Emerge TMS
Client says
Code quality, talent level, time difference, communication, retention… what you guys have done here is you’ve taken the western principles and you basically have them on steroids. Your HR is very talented, your brochure looks great!
alex malamud innovecs
Client says
You and your team are awesome. Your guys got my product done in three months. I am very impressed!
Andrew Leto
Client says
I greatly enjoyed the hospitality and opportunity to meet the team. Now I'm confident we have something special here!
Tyler Ziemann
Client says
As far as working with Innovecs, my overall satisfaction is high. I asked a lot from the team and they ultimately delivered.
Chris Ricci
Client says
Working with Innovecs has been a positive experience for us! They have been an important partner over the years generating quality content within our fast-paced development schedule. We highly recommend their services!
Shane Nakamura
Biggest Challenges in Financial Sector and Tech Solutions to Overcome Them
The financial services market has seen radical technology-led changes over the past few years. Many leaders look to their IT departments to improve performance and promote game-changing innovation – while somehow reducing costs and, at the same time,  continuing to use legacy systems. “To succeed in this rapidly changing landscape, IT executives will need to agree with the rest of the management team on the posture they wish to adopt. Will they try to be industry leaders, fast followers, or will they just react? Whichever direction they choose, they will need to devise a clear strategy to move forward.” FS Tech 2020 and Beyond: Embracing disruption Meantime, fintech startups are disrupting the established markets, leading with user-centric solutions developed from scratch and unencumbered by legacy platforms. Customers have certain expectations and are now necessitating better services, seamless experiences regardless of channel, and more value for their money. Also, regulators demand more from the industry and have started to adopt new technologies that will transform their ability to gather and analyze data. And the pace of drastic change is not even at the peak. There is no doubt that technology is affecting financial services in multiple ways. The PWC report suggests ten key influencers that IT executives need to address while strategic planning for 2020 and beyond.Each of these drivers is likely to change financial services companies and their management teams in far-reaching ways. And while each can have a disproportionately strong effect on a given country, customer set, or industry sector, they all present opportunities for the thinking executive to go ahead. Knowing a robotics era is coming, for example, you have a choice: to harness the innovation, or to see others benefit from a global shift. The section below sets up challenges around these ten influencers: to know them, get ready for them, and see how to employ them to get a competitive advantage.
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Want to protect your fintech business against fraudsters?
If you are looking for a software development partner to help you with anti-fraud financial solutions to protect your business, drop us a line and we will get back to you as soon as possible.