fedwise

Fighting fraud using collaborative machine learning | Building a platform that enables multi-parties (banks and financial institutions) to collaboratively train machine learning model to detect and fight fraud without sharing their private data. The increasing use of sophisticated AI tools by fraudsters, coupled with the rise of generative AI, has made fraud detection and mitigation increasingly challenging. Global organizations have reported a significant 71% incidence of fraud. By leveraging our collaborative federated platform, Banks can enhance its fraud detection capabilities through collective intelligence while safeguarding the privacy of customer data.