JULY 09 2018
Tags: cashless

Mantica and TAS Group announce new partnership to offer real-time fraud prevention solutions

The agreement brings together Mantica's excellence in the field of artificial intelligence and machine learning (Mantica Adaptive Intelligence) with the advanced technology of TAS Group’s Fraud Protect solution. This will accelerate time to market in the transformation of fraud monitoring and prevention systems, crucial for Payment Service Providers in the PSD2 and instant payments era.

Both Oracle strategic partners, chosen by the Californian corporation to offer their products and services on the Oracle cloud platform for open API banking, Mantica and TAS group have decided to capitalize on the excellent results delivered in recent joint projects. Perfecting predictive systems for fraud monitoring and prevention requires in-depth analysis of use cases and historical data that are unique to each and every customer. Only by continually optimising the analysis process and fine-tuning the models is it possible to minimize the implementation effort for the customer and improve performance as new fraud cases emerge.

TAS Group's Fraud Protect solution, one of the most advanced in card transaction fraud monitoring and prevention, thanks to the integration of Mantica’s AI and machine learning technologies, will evolve to fully cover all customer channels managed by the different actors in the payments ecosystem. The result: increased efficiencies, enriched data collection and processing, and increased value and trust in PSP risk decision making.