Fractals

Fractals is a class leading integrated, intelligent fraud detection and prevention framework for issuers and acquirers of debit, credit and other types of payment cards which can operate in real time, near-real time and batch detection modes and which has been certified as Visa PABP PCI/DSS compliant.
Fractals enables empirical knowledge and experience of fraud analysts to be combined with strategies automatically inferred using Alaric's proprietary inference techniques which are based on Bayesian methods to deliver class leading fraud detection performance.
Fractals can be readily integrated with any authorization or card management system using Alaric's payments integration middleware, Authentic Gateway, enabling real time fraud detection and refer or decline of transactions in flight, at authorization time.
Fractals' Rules Engine enables fraud analysts to rapidly create powerful fraud detection rules, for both issuers and acquirers, via point and click, Windows-based configuration without requiring any programming or SQL/database knowledge.
Fractals' ACE (Adaptive Classification Engine) provides intelligent fraud detection, generating fraud alerts by executing mathematical models against incoming transactions to compute a fraud score. Uniquely, the ACE intelligent detection model is able dynamically self optimize and so detect emerging fraud patterns between model retrains, enabling a much higher detection rate to be maintained than is possible with, say, neural network methods, the detection performance of which tends to drop off shortly after a new model is deployed.
Fractals features highly configurable alert queue management, enabling dynamic allocation of fraud alerts to analysts according to a range of criteria.
Fractals rule configuration and fraud alert interfaces are browser-based and therefore suited to distributed operation.
Fractals is a multi-banking, multi-product system making it ideal for use by processors as well as end user institutions.
Written in Java and running on Oracle, Fractals is platform independent and runs on Windows, UNIX and LINUX operating systems.