Rippleshot is excited to announce 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.