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ACI Fraud Management Incremental Learning Technology Receives Full Patent Approval
Rhea-AI Impact
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Rhea-AI Sentiment
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Rhea-AI Summary
ACI Worldwide announces the full patent approval of its innovative incremental learning technology, enhancing fraud protection for merchants and financial institutions. This industry-first approach to machine learning allows ongoing adjustments to fraud detection models as new behaviors emerge, significantly improving adaptability to evolving fraud patterns. ACI positions itself as a leader in the competitive fraud prevention market, leveraging over 20 years of experience in designing machine learning models. This advancement is expected to help clients minimize fraud losses while maintaining revenue.
Positive
Full patent approval for incremental learning technology enhances fraud protection.
Distinctive position as the first global solution provider for this innovative technology.
Expected to significantly reduce payment fraud for clients.
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Innovative industry-first approach to machine learning considerably enhances fraud protection for merchants and financial institutions
Incremental learning technology is an integral part of ACI Fraud Management and considerably enhances fraud protection for merchants and financial institutions. While traditional machine learning models need to be ‘re-trained’ as fraud patterns change, models using incremental learning make small adjustments on an ongoing basis, allowing the model to adapt itself in production when new behaviors are observed.
“Fraud attempts on financial institutions and merchants continue to rise globally, while fraud patterns are evolving more rapidly than ever,” said Debbie Guerra, head of merchant segment, ACI Worldwide. “Incremental learning is a key development in the fight against fraud – a technology that is highly adaptable and responsive to emerging threats. Its full patent approval is a recognition of the innovative approach of our dedicated data science team.”
“As the first solution provider globally to roll out this incremental learning technology, ACI has set itself apart in a competitive and rapidly advancing fraud prevention market,” commented Jimmy Hennessy, head of data science, ACI Worldwide. “Incremental learning is a realization of our multi-year investment and will strengthen our sophisticated fraud monitoring and prevention solutions, helping customers to dramatically reduce payments fraud.”
ACI Worldwide has more than 20 years’ experience in designing and implementing machine learning models, which have long been a fundamental element within ACI Fraud Management. Machine learning models, combined with incremental learning technology, are capable of analyzing large amounts of complex data to identify fraudulent behaviors and alert future suspicious transactions, enabling merchants and financial institutions to minimize fraud loses while keeping revenue high.
About ACI Worldwide
ACI Worldwide is a global software company that provides mission-critical real-time payment solutions to corporations. Customers use our proven, scalable and secure solutions to process and manage digital payments, enable omni-commerce payments, present and process bill payments, and manage fraud and risk. We combine our global footprint with local presence to drive the real-time digital transformation of payments and commerce.
ACI, ACI Worldwide, ACI Payments, Inc., ACI Pay, Speedpay and all ACI product/solution names are trademarks or registered trademarks of ACI Worldwide, Inc., or one of its subsidiaries, in the United States, other countries or both. Other parties’ trademarks referenced are the property of their respective owners.
What recent innovation did ACI Worldwide announce regarding fraud protection?
ACI Worldwide announced full patent approval for its incremental learning technology, which enhances fraud protection for merchants and financial institutions.
How does ACI's incremental learning technology improve fraud detection?
The technology allows fraud detection models to make ongoing adjustments as new behaviors are observed, improving adaptability to changing fraud patterns.
What position does ACI Worldwide hold in the fraud prevention market?
ACI Worldwide is the first global solution provider to implement incremental learning technology, setting itself apart in the rapidly advancing fraud prevention market.
What benefits does ACI's machine learning models offer to financial institutions?
Machine learning models, combined with incremental learning, enable financial institutions to analyze complex data, identify fraudulent behaviors, and minimize fraud losses while preserving revenue.
