Prague-based Resistant AI, specializing in safeguarding financial services from crime, has attracted a strategic investment from Experian, a global leader in data-driven solutions. This collaboration aims to combat increasing threats like Authorised Push Payment (APP) fraud, a growing concern for UK businesses, constituting 47% of fraud cases. The partnership will develop a specialized APP fraud prevention solution using advanced AI technology, enhancing transaction monitoring without major process disruptions.
Resistant AI, founded in 2019 by Martin Rehak, leverages over 80 machine learning models to detect fraud and money laundering in real time, enabling clients like Anna Money and Bank of Valletta to enhance fraud detection capabilities significantly. As financial crime techniques evolve, traditional methods are becoming inadequate. Martin Rehak emphasizes the critical need for AI-driven solutions to counter fraud effectively and protect institutions and customers alike. This strategic investment positions both companies at the forefront of innovative financial crime prevention.
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