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Average Ratings 0 Ratings

Total
ease
features
design
support

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Write a Review

Description

IBM Safer Payments empowers organizations to design tailored, intuitive decision models that allow for quicker adaptation to new threats and enhanced fraud detection with improved accuracy and speed, all while eliminating the need for external vendors or data scientists. This solution greatly speeds up the optimization of modeling by offering the necessary analytics and simulation tools for ongoing business performance monitoring and adjustments to evolving fraud patterns. Clients experience impressive detection rates coupled with minimal false positives after integrating our system into their operations. Users can construct, evaluate, validate, and implement machine-learning models in just days instead of months, freeing them from vendor dependencies. The platform can process thousands of transactions every second, ensuring an enterprise-level solution that boasts 99.999% uptime and exceptional throughput. Its open architecture allows for the importation of detection models, model elements, and intellectual property, all while providing a comprehensive interface for developing new models. Additionally, it supports a wide range of data science, machine learning, or artificial intelligence methodologies, making it a versatile tool for any organization looking to enhance their payment security. Ultimately, this flexibility ensures that businesses can stay ahead of potential fraud threats more effectively than ever before.

Description

Sokratech is an advanced real-time fraud detection system tailored for banks and financial organizations. It efficiently evaluates transactions and provides a decision in less than 250 milliseconds by leveraging a no-code rules engine, machine learning risk assessments, and customizable workflows, enabling fraud teams to react to emerging threats in a matter of minutes instead of going through lengthy release cycles. Its features encompass continuous transaction oversight, governance over rules and models with comprehensive audit trails, transparent decision-making suitable for regulatory and audit scrutiny, and effective case management for fraud investigations. Specifically designed to meet the compliance and data residency requirements of regulated financial entities, Sokratech ensures that institutions can maintain high standards of security and accountability. The platform is delivered through API and seamlessly integrates with core banking and payment systems, allowing organizations to quickly implement it without the need to overhaul their existing infrastructure and processes, thus enhancing their operational efficiency.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

No images available

Integrations

No details available.

Integrations

No details available.

Pricing Details

No price information available.
Free Trial
Free Version

Pricing Details

No price information available.
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

IBM

Founded

1911

Country

United States

Website

www.ibm.com/products/safer-payments

Vendor Details

Company Name

Sokratech

Country

Singapore

Website

sokratech.io

Product Features

Fraud Detection

Access Security Management
Check Fraud Monitoring
Custom Fraud Parameters
For Banking
For Crypto
For Insurance Industry
For eCommerce
Internal Fraud Monitoring
Investigator Notes
Pattern Recognition
Transaction Approval

Product Features

Fraud Detection

Access Security Management
Check Fraud Monitoring
Custom Fraud Parameters
For Banking
For Crypto
For Insurance Industry
For eCommerce
Internal Fraud Monitoring
Investigator Notes
Pattern Recognition
Transaction Approval

Alternatives

Alternatives

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