A bold (and some even say arrogant) announcement from newly launched AI company, Fraudinator.com, claims their solution will eliminate fraud analysts forever, and they go on to say that most existing fraud solutions will obsolete within the next 18 months thanks to them.
It’s their AI that will eliminate both.
Their patented Quantum AI solution uses a novel approach called “Thrice Enabled Fraud Detection” where each potential fraud transaction triggers three redundant alerts.
That approach yields an unprecedented 300% fraud detection rate without any human intervention required.
The solution is making waves, even capturing the attention of fraud experts that are touting the tech.
“Fraudinator has moved beyond simply preventing fraud to complete fraud annihilation,” says Karisse Hendrick, famed founder of the Fraudology Podcast.
“Their Thrice Enabled system is hands down the best I’ve seen in market – it catches the fraud not once, not twice, but three equally redundant times. It’s a refreshing approach and gives me a calm feeling.”
Quantum AI’s Breathtaking Leap Into Fraud Detections Future
According to Fraudinator, their next-gen solution deploys a triple-layered defense matrix that doesn’t just stop fraud – it pulverizes it at the quantum level, rendering human fraud analysts completely obsolete while maintaining zero false positives and 100% transparency and explainability.
When any transaction enters the system, Fraudinator’s system automatically flags the transaction with a big bold fraud alert in red font.
Immediately, a second redundant alert is created with bigger and slightly bolder font. And finally, a third overarching and even more impactful alert is created, but this time the alert blinks rapidly like a strobe light.
For interested banks, a fourth alert can be configured which broadcast a stern alert in an authoritative voice that says “You’ve Got Fraud”.
You can watch Fraudinator in action and how it stops here in this demo video the company released.
“Legacy Outdated Math” Held The Industry Back They Say
The solution was made possible with the advancement in mathematics and “out of the box” thinking by very smart people.
It was the creation of “Future Math” that resulted in the breakthrough.
“Legacy mathematics is fundamentally incapable of achieving detection rates above 100% which is a shame actually. ” says Dr. Mikhail Schivlobaba, PhD of Mathematics and Fraudinator Chief Revenue Officer.
“To reach 300% detection, we’ve developed “Future Math” that use algorithms that extend beyond feeble human imagination, operating simultaneously across parallel decision pathways that traditional security frameworks cannot comprehend.”
The Elimination Of Fraud Analyst Is Eminent Says Company
While the company cannot yet reveal customers names, (because they are sworn to secrecy) they say early adopters are loving the solution. Just not their fraud analyst so much.
“After 15 years analyzing fraud patterns, I honestly didn’t see this coming,” admits former fraud analyst Tom Dolio, “While I’m disappointed to lose my position, I sleep better knowing that Fraudinator’s system is protecting the company far better than our human team ever could.”
Backed By Fraudinators “Good Excuse Guarantee”
For haters and doubters, the company backs their claims up with a definitive “Good Excuse Guarantee”.
In the unlikely event that a fraud incident ever penetrates their quantum defenses, their AI-powered Accountability Deflection Engine automatically generates a compelling, customized excuse that redirects responsibility to the client’s implementation or operational decisions.
All Other Fraud Solutions Companies Will Be Relics
Fraudinator not only obliterates fraud, but other fraud solutions as well, enabling banks to consolidate all their checks into a single system.
“Banks have been running fifteen different fraud solutions that don’t talk to each other, like having fifteen locks on your door but leaving all the windows open. Fraudinator not only closes the windows and latches it shut, but we change all the locks and will keep the key in a safe place for the banks as long as they continue to pay the monthly subscription.”
The CEO estimates all other fraud solutions will be museum relics within 18 months.
Not Everyone Is A Believer
While Fraudinator touts their instant success on the fraud scene, not everyone is a believer. One of those people is Hailey Windham, a fraud expert and advocate for credit unions and fraud analyst everywhere.
“Their so-called quantum detection is about as revolutionary as a square wheel, and the only thing it detects with 300% accuracy is the gullibility of C-suite execs who fall for for their pitch. You’ll never get rid of the fraud analysts – if fact we need them more than ever to identify snake oil AI sales people like these yahoos!”
Read The Press Release
You can check the full blockbuster press release right here! Happy April 1st everyone!
