Security News > 2020 > May > Alipay enhances its AI-powered risk engine to protect businesses amid accelerating digitization

Alipay, the world's leading open digital lifestyle platform operated by Ant Financial Services Group, unveiled the enhanced version of the AI-powered risk engine AlphaRisk, the core of its world-leading risk and security technologies.

"The pandemic has accelerated digital transformation across the globe. Businesses and services which can adapt quicker to this growing trend will be in a stronger position to serve customers. Meanwhile, rapid digitization also comes with new challenges in risk and security," said Dr. Zhao Wenbiao, Vice President of Ant Group and Chief Scientist of Alipay Security Lab in his keynote speech.

With four main features, namely AI Detection, Evolution, Perception and Auto Pilot, AlphaRisk offers best-in-class real-time risk detection and management capabilities.

Alipay's risk engine and technology have also been adopted by leading mobile financial services providers in the region, including GCash, the leading mobile wallet in the Philippines.

"The risk engine allows for real-time protection of transactions and risk intervention through API. Its authentication platform also supports dynamic verification for efficient fraud prevention without hampering user experience. As a result, we have significantly decreased promotion abuse to less than 1%, and improved our security capability."

News URL

http://feedproxy.google.com/~r/HelpNetSecurity/~3/onp6lYNx7oY/