GFT, Confluent and AWS Fraud Data Engine

• 74% of executives in the UK financial sector see cyber attacks to be the biggest risk in their industry
• The UK banking industry spends billions of pounds each year fighting fraud. However, losses continue to exceed £1bn

By utilising GFT’s fraud modelling proficiency, Confluent’s real-time data streaming and AWS’s scalable machine learning capabilities, a financial institution can realise reduced fraud losses.

With automation, the solution offers lower costs by minimising false positives, and enhanced security and resilience.

The solution keeps pace with business growth whilst proactively addressing new fraud tactics. Higher customer satisfaction is achieved through smoother experiences with fewer mistaken fraud flags.

• Outdated fraud systems
  Leading to missed fraud, impacted revenues and customer trust issues.
• Regulatory requirements
  Struggling to meet strict regulatory requirements around fraud prevention and data management.
• High-profile fraud incidents
  Bringing negative publicity and scrutiny due to a perceived security gap.
• Cost
  Demands to fund advanced fraud tech investments compete for finite budget resources.

GFT is proud to be a part of the Build with Confluent initiative. By verifying our streaming-based use cases with Confluent, you can have confidence that our Confluent-based service offering is not only built on the leading data streaming platform but also verified by the experts at Confluent.

Confluent is the data streaming platform that is pioneering a fundamentally new category of data infrastructure that sets data in motion. Confluent’s cloud-native offering is the foundational platform for data in motion – designed to be the intelligent connective tissue enabling real-time data, from multiple sources, to constantly stream across the organisation. With Confluent, organisations can meet the new business imperative of delivering rich, digital front-end customer experiences and transitioning to sophisticated, real-time, software-driven backend operations.

GFT's Tim Nichols (Head of Data Engineering) takes you through our AWS Fraud Detector solution built in partnership with Confluent.

Our solution results in reduced fraud risk, increased operational efficiency, system flexibility, stronger security posture and higher customer satisfaction.

If you would like to find out more about our solution, please don't hesitate to contact us.