Anti-fraud tech startup Resistant AI secures USD 2.74 mln investment

Thursday 30 April 2020 14:22 CET | News

Czech Republic-based anti-fraud tech startup Resistant AI has secured USD 2.75 mln investment from Index Ventures and Credo Ventures.

The security startup’s machine learning technology is designed to be deployed on top of AI systems used for financial decision making to protect customers in financial services and ecommerce from targeted manipulation, adversarial machine learning and advanced fraud.

The startup sells an additional layer of protection that is designed for tightening security around automated functions such as credit risk scoring and anti-money laundering. Its tech is also aimed at uncovering suspicious patterns of transactions which might indicate a strategic attack on the model itself or an attempt to copy sensitive data.

Resistant AI has two products it offers its customers at this stage: First, document inspection. It offers a machine learning system that’s designed to flag and reject “malicious documents” submitted for automated processing.  A second offering, Resistant Transactions, applies AI to spot problematic transaction patterns.

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Keywords: Index Ventures, Credo Ventures, Resistant AI, antifraud startup, tech startup, security startup, machine learning tech, AI systems, ecommerce, targeted manipulation, adversarial machine learning, advanced fraud, credit risk scoring, AML, anti money laundering, strategic attack, sensitive data
Categories: Fraud & Financial Crime
Countries: Czech Republic
This article is part of category

Fraud & Financial Crime