Fraugster partners with Dalenys to fight fraud

Berlin-based fraud specialists Fraugster has partnered with omnichannel payment solution provider Dalenys to combat modern fraud for its merchants.

The announcement claims that online merchants lose over 1.5% of their revenue to fraud every year.

Both companies expect working in collaboration will maximise its clients incomes, predicted uplift in revenues of up to 30%, due to Fraugster’s proprietary AI technology.

“We are excited to be working with Dalenys and a payment giant like Natixis Payments and are looking forward to deliver impactful results for their merchants with our AI technology,” said Max Laemmle, CEO, Fraugster.

Fraugster has developed its technology using “human accuracy with machine scalability” to be able to detect fraudulent activities in real-time.

A subsidiary of Natixis Payments, Dalenys covers the entire sales cycle from customer acquisition to in-store, on-line and mobile payment.

“We are always looking for opportunities to bring the most advanced solutions for our clients, and teaming up with Fraugster can solve a painful problem and deliver meaningful business results for them,” explained Ludovic Houri, CEO, Dalenys and head of merchant business unit, Natixis Payments.

The French firm will offer its merchants the choice between ‘FraudFree’ – a fully outsourced AI risk management service, and Fire’ – an AI risk management suite that merchants can use to manage their own risk.