Brighterion Named Most Scalable Platform and Leader of the Contenders in Aite Group Report on Fraud and AML Machine Learning Platform Vendors
SAN FRANCISCO, April 15, 2019 (GLOBE NEWSWIRE) -- Brighterion, a Mastercard company and leading artificial intelligence and machine learning platform that provides real-time mission critical intelligence from any data source, regardless of type, complexity or volume, today announced it has been named Most Scalable Platform by Aite Group in its latest report AIM Evaluation: Fraud and AML Machine Learning Platform Vendors, March 2019. In the report, Brighterion was also named a Leader of the Contenders.
Dr. Akli Adjaoute, Founder and CEO of Brighterion said, “As a first mover in providing intelligent decisioning around AI and anti-money laundering, it’s been interesting to watch this rapidly emerging space take shape. We’re encouraged by Aite recognizing Brighterion’s early leadership efforts, customer resonance and our platform’s ability to bring true AI innovation to combat fraud and money laundering.”
Brighterion’s strategic portfolio of AI and machine learning technologies helps prevent money laundering, acquiring fraud and omnichannel fraud, and reduces credit risk for financial institutions, governments, and healthcare organizations. The AI platform enables discovery, identification and mitigation of anomalous activities, which is a key driver that sets Brighterion apart from the competition.
According to the report, Brighterion’s strong showing was in part due to its platform’s scalability – more than twice that of its closest competitor, with 62,000 transactions per second (TPS) in production. Julie Conroy, Research Director of Aite Group, said, “Brighterion’s scalability is over twice that of its closest competitor in this regard. Its streaming infrastructure with no underlying databases are a key driver of this impressive performance.”
She added, “In addition to its scalability, we were impressed by Brighterion’s patented modeling approach, which applies a combination of 10 machine learning techniques to understand behavior and flag anomalies. Brighterion stands out in terms of strong customer feedback, its platform’s fast response time and its production-ready models that can continue to iteratively learn.”
The proprietary Aite Group report evaluates the overall competitive position of fraud and AML machine learning platform technology vendors. Rankings are based on detailed requests for information, product demos and interviews with client references.
About Brighterion 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 74/100 of the largest U.S. banks and more than 2,000 customers worldwide, processing more than 75 billion transactions annually. For more information, please visit us on the Web, Blog, Twitter, Facebook and LinkedIn.
About Aite GroupAite Group is a global research and advisory firm delivering comprehensive, actionable advice on business, technology, and regulatory issues and their impact on the financial services industry. With expertise in banking, payments, insurance, wealth management, and the capital markets, we guide financial institutions, technology providers, and consulting firms worldwide. We partner with our clients, revealing their blind spots and delivering insights to make their businesses smarter and stronger. Visit us on the web and connect with us on Twitter and LinkedIn.
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