The Simility Blog

In the wake of increasing fraudulent applications, digital businesses are facing enormous challenges in successfully onboarding new customers while keeping fraudsters at bay. Businesses can no longer rely on legacy tools and need agile solutions to sieve out fraudulent applications at the first level itself. ...

Clear-box machine learning algorithms allow businesses to make informed decisions, while accurately detecting fraud.  Machine learning is playing a pivotal role in enhancing customer experience and helping businesses fuel growth. It has evolved as the go-to-technology when it comes to fighting fraud. This is largely because machine learning algorithms have an incredible ability...

The onus to catch fraudsters and prevent them from poisoning the ecosystem is on shared economy platforms.  Technology is playing a pivotal role in satiating our quest for faster and cheaper goods and services, and using idle assets to make money through shared economy platforms. However, the same technology that acts...

Fostering trust among parties involved in a transaction is key to building a successful shared economy platform. Only an advanced solution that leverages technologies such as artificial intelligence and machine learning to unearth anomalous patterns from structured and unstructured data from varied sources can build a trustworthy platform for customers...

Fraudsters harvest personal details of customers from the data breaches to create fraudulent bank accounts that are further used to seek loans, apply for new credit cards, gain instant credit and for money laundering activities. To protect themselves from the financial and reputational losses, banks must stop the fraudulent applications...