FRIDA: the All-In-One-Solution for Fraud Management

FRIDA is the intelligent software against online fraud. FRIDA uses state-of-the-art machine learning algorithms to create connections between transaction data and recognizes patterns. It provides you with all relevant information for quick, efficient, and reliable decision-making.

FRIDA adapts to your individual challenges in the fight against fraud, offers intuitive interfaces for your specialists and prevents false positives to protect your good customers as well as your sales.

FRIDA: the All-In-One-Solution for Fraud Management

FRIDA – Explained in 90 Seconds

FRIDA Protects Your Revenue

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Individualized Configuration

Company particularities are taken into account and rule sets are specially adapted to your distinct challenges

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An Optimal User Interface for You

FRIDA can be operated intuitively, and the interface can be adapted by each employee individually to achieve the most efficient use

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Automatic Risk Assessment

FRIDA decides in real time whether a transaction is fraudulent or if it’s from a trustworthy customer

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Man and Machine

By connecting AI and expert rules, borderline cases can be accurately identified and the history behind the transaction can be exposed

Data - The Key to Fraud Prevention

Data: The Key in Efficient Fraud Management

Fraudsters try to either imitate a real customer or cover a lack of creditworthiness. Our data analysis detects anomalies in the overall picture, which serve as warnings. Combining this information with machine learning processes allows us to optimize your rules and your responses to fraud. However, the most important tools are your own experiences with your customers and your application inventory. We will ensure that you are using your data correctly and we’ll also help you increase the quality of your data.

Machine Learning

Rules vs. Machine Learning

Machine learning reaches its natural limits in fraud prevention. While it is indispensable for rule optimization and control of reactions when stable fraud patterns and sufficient data are present, it is less helpful when the patterns change too fast, the losses are too high, and the data is lacking in quality — which is often the case. This is where expert rules step in. Rules have a critical advantage in procedural handling and in processing; rules offer direct starting points for testing. We can support your fraud management with our cross-sector of knowledge and our specialized analytics.

This is How it Works: FRIDA Integration

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Integration of our software FRIDA

You

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RISK IDENT Customers
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As-Is Analysis

Fraud problems and types are discussed, identified and quantified. A fraud check is conducted.

You

Integration

Decision on where to integrate FRIDA. Where should the data be hosted — with us or with you?

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Assessment

Evaluation of your historical data, filtering and definition of a score.

You

Fraud Detection

Fraudulent transactions are now recognized and can be processed individually.

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Training

If requested, product experts come to you, train fraud managers and individualize your scoring.

An Overview of Our Products

FRIDA is the intelligent all in one solution in the prevention of online fraud

It delivers reliable results in real time by using modern machine learning algorithms to establish connections between transaction data and recognize patterns. Man and machine — the dream team for online fraud prevention.

Fraud detection through the most used form of fraud prevention: device fingerprinting

Every device leaves digital traces on the internet, similar to a fingerprint in the real world. Device Ident recognizes fraudulent devices and prevents impending damage.

Rainer
Ellipse 40

Any Questions?

Rainer Woidich – Head of Sales

At a glance: What Can FRIDA Do?

  • Reliable real time fraud detection

  • Modern machine learning algorithms

  • GDPR compliant, as privacy is priority #1

  • 24/7 all-around service by our product experts

  • Made just for you: Individually configurable control and filter criteria guarantee effective fraud detection

FAQ

One of our sales colleagues is usually your first contact and will be at your side with advice and action. The moment the information becomes more technical, our product experts are automatically added to the onboarding process. They are deep in the fraud management software and serve as the interface between you and our programmers (i.e. they translate your requests into technical briefings). Our team of product experts is available to our customers 24 hours a day via an emergency hotline, meaning help is easily accessible at all times.

FRIDA structures your company data and offers you the ability to integrate external data sources (e.g. credit agencies, device fingerprinting) that can be taken into account when assessing the risk of your transactions. This allows you to get the best possible overview of your fraud situation and defense.

Our analytics team and our data scientists will work with you to analyze and prepare your data so that you have the ability to make the best decisions at all times and can concentrate on the essentials.

Your Contact Person for FRIDA

Rainer
Ellipse 40

Rainer Woidich

Head of Sales

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AI and Expert Knowledge

We give your fraud manager all the tools you need to fight fraud effectively

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Bundled Data Sources

We combine all available data sources for a holistic picture of your transactions

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Fraud Management at the Click of a Mouse

An intuitive user interface and effective filters made especially for you enable efficient evaluation and transparent scoring

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