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INTERNET | Internet Software & Services / Monitoring & Security
rippleshot.com

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Founded Year

2014

Stage

Loan | Alive

Total Raised

$5.71M

Last Raised

$250K | 1 yr ago

About Rippleshot

Rippleshot provides issuers, merchants and processors with a cloud-based technology platform to detect fraud through machine learning and data analytics. The company's technology processes millions of payment card transactions in real-time to proactively pinpoint when and where a breach of card data occurred. Following detection, the platform then identifies which cards are most at risk of seeing fraudulent activity, and suggests appropriate mitigation strategies to best prevent fraud loss.

Rippleshot Headquarter Location

321 N. Clark Street Suite 2550

Chicago, Illinois, 60654,

United States

888-407-3025

Latest Rippleshot News

Rippleshot Gives Community Banks and Credit Unions Competitive Edge with AI-Driven Fraud Protection

Nov 25, 2019

Rippleshot , a fraud analytics software company, has launched Rules Assist, an AI-driven decision rules analytics solution to empower community banks and credit unions in the fight against emerging fraud trends. E-commerce fraud now accounts for roughly 75% of all card fraud, causing financial institutions to race to keep up with fraudsters. In response, top Fortune 500 financial institutions have embedded artificial intelligence and machine learning into their core business models. The four biggest banks in the U.S. budgeted a collective $38.4 billion for innovation and technology in 2019 alone. Faced with more limited resources, community banks and credit unions often lack the technological edge to keep pace with innovations that greatly impact customer experience. Rippleshot Rules Assist was developed to address technology gaps smaller financial institutions face in their back office to efficiently protect their customers. Financial institutions will be able to cost effectively leverage AI and Machine Learning within their existing infrastructure without adding IT resources or staff. “Traditional decision rules solutions are either too labor-intensive, too expensive, too difficult to implement, not effective enough, or all of the above,” said Rippleshot CEO Canh Tran . “Rules Assist automates the fraud trend analysis and delivers comprehensive daily fraud intelligence to help fraud managers write faster, more powerful rules with lower false positives.” Developed and validated with Rippleshot’s banking and credit union customers and industry practitioners, Rules Assist provides fraud analytics that allow fraud managers to proactively stop millions of fraudulent transactions that escape detection by traditional methods. “The analytic power of AI and machine learning to identify and detect patterns of fraud and potentially fraudulent behavior is much more powerful than human staff could ever accomplish using databases and spreadsheets,” Jeff Aipperspach, a Payment Processing Industry VP, said about the ability of Rippleshot’s technology to disrupt the industry.

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Expert Collections containing Rippleshot

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Rippleshot is included in 6 Expert Collections, including Banking.

B

Banking

640 items

R

Regtech

1,342 items

Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements in FIs. Regulatory technology helps FIs and regulators address challenges ranging from traditional compliance and risk management to data reporting and transmission.

C

Credit Union Tech

66 items

A

Automation in Banking

380 items

Startups providing solutions to banks to automate processes and operations.

A

Artificial Intelligence

7,362 items

This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.

C

Cybersecurity

4,682 items

Rippleshot Web Traffic

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