instant fraud detection using fado...dragos dancila associate professor at uppsala university...

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Instant Fraud Detection using FADOEst. 2018

Problem:On-prem. vs. Cloud:

• Legal headache

• Vulnerability

• Full control

• Latency

>>> FADO=100% local

Trust Trust

>>> Instant fraud detection

Our solution:

First Line of Defence = FADO

Augmenting transactions directly / locally with a trust index (ISO 20022)

Investment:

• 11 months (2021: Q1, Q2, Q3, Q4)

• 4mSEK

• IP strategy

Near-future:

• Trust breakdown

• COVID19 accelerates the digital rush

• AI / ML solution for AML

• Integration vs. disruption

10 ep

100 ep

3 ep

30 ep

2022 2026 2030

2021

2020 Q4 2021 Q1 2021 Q2 2021 Q3 2021 Q4

4 mSEK

Team:

Questions?- RT payment universe?- Instant fraud detection?- Value proposal?- Ask?

ROI?

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