- ai’s Knowledge Transfer Partnership with the University of Southampton’s Computer Science and Mathematics Departments extended until 2023 to further develop automating the end-to-end process of using machine learning to fight fraud
LONDON, July, 02, 2021: The aiCorporation (ai), an FCA approved expert in payments, fraud and risk management, and the University of Southampton (UoS), today announced a 2-year extension of their ground-breaking research partnership to improve fraud risk strategy automation through machine learning.
The research partnership will continue to focus on improving ai’s fraud tools, including aiAutoPilot MLTM , the world’s first fraud management automation tool to enable rapid response to the latest threats with minimal manual intervention. Which helps fraud managers to automate the management of ML models automatically and continually optimise those models with minimal manual interaction.
Oliver Tearle, ai’s Head of Research, explains: “The advances that have resulted from our joint research with UoS’s Computer Science and Mathematics Department are allowing fraud and risk managers to take a step back from the continual task of optimising fraud strategy. Enabling machines to work continually in the background, enabling human teams to tackle other challenges in areas that currently cannot be automated.”
ai and UoS embarked on a 2-year Knowledge Transfer Partnership (KTP) in 2018 and made the decision to continue to work together until at least 2023. The collaboration will continue to be led by Oliver Tearle, ai’s Head of Research; Professor Mahesan Niranjan – Head of the Information: Signals, Images and Systems Research Group; and Professor Jacek Brodzki – Professor of Mathematics, Head of Applied Topology Group, at UoS.
Tearle continues: “Our continued partnership with UoS is key to increasing ai’s ability to further innovate and automate processes for our clients. Our joint research team aims to transfer and embed an innovative capability based on advanced machine learning approaches to improve the automation of the time-consuming task of fraud risk strategy management in the finance sector.
“Our relationship with the University is now stronger than ever. We are looking forward to continuing to work with the academics there beyond the KTP. They thoroughly understand our business to better answer our questions and work with us to help us deliver future projects. It’s been an invaluable experience for us and I’m sure the partnership will continue to drive innovation.”
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bout The ai Corporation Limited (ai)
ai is trusted around the world for developing innovative technology that allows our customers to take control and grow profitably. Founded in 1998, we have a long track record of providing solutions to some of the world’s largest financial/payment institutions and international merchants. Our long-standing business partnerships are based on making things simple and providing self-service tools that allow our customers to take control. Through our relentless focus on these tools, we constantly strive to help our customers create highly profitable returns.
Take Control: Simply Stop Fraud.
Today, our unique self-service fraud detection solutions are considered by many industry “thought leaders” to be the best in the world. Our solutions, including our new “state of the art” machine learning/A. I, protect and enrich payments experiences for more than 100 banks, over three million multi-channel merchants and over 300 million consumer cardholders. We also monitor over 25 billion transactions and authorisations each year. These machine learning technologies are also flexible enough to be applied to other business processes that require detailed consumer insight for marketing or pricing.
Take Control: Simply Manage Omni-Channel Payments:
In line with customer demand, and as the payment value chain continues to converge, ai is positioning itself to take advantage of the evolution of payments digitation, by exploiting our fraud and analytical capabilities. To support this ai’s payment gateway, issuing platform and European Money Licence, mean we can act as a payment facilitator for our business partners, allowing them the luxury of rapidly launching new alternative payment types into the marketplace. A truly end-to-end offering which uses “state of the art” machine learning to manage omni-channel payment transactions securely via a cloud-based platform.
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