By Simlity CEO Rahul Pangam
Special to GRC & Fraud Software Journal
After years working together at Google to fight online fraud and abuse, we set out two years ago to build the Simility machine learning fraud platform to help bring the rest of the world greater protection from fraud.
It’s our belief that for the Internet to continue to grow and deliver life changing services, intelligent systems and professionals must work together to root out criminals and cyber-thieves.
Simility combines machine learning with human intuition to fight fraud across e-commerce, crowdfunding, social networking and peer-to-peer marketplaces.
Over the past six months, Simility has processed millions of transactions a day for beta customers of its online fraud prevention platform on four continents, leading to a 50-300 percent reduction in fraudulent transactions.