Company:Brighterion

From HandWiki
Short description: North American business software company
Brighterion
TypePublic
IndustryArtificial intelligence and machine learning software, software
Founded2000
HeadquartersSan Francisco , California
Products
  • Acquirer and Payment Fraud
  • Credit Risk Suite
  • Healthcare Fraud, Waste and Abuse and
  • Anti-Money Laundering (AML)
Services
  • Software
Websitewww.brighterion.com

Brighterion (est. in 2000) is an artificial intelligence and machine learning company owned by Mastercard. Brighterion is headquartered in San Francisco, CA with a Canadian office in Vancouver, BC. The company delivers an artificial intelligence and machine learning platform that provides real-time intelligence from data sources, regardless of complexity or volume.

Brighterion has been cited by analysts for its advanced scalability.[1] Brighterion is best known for its fraud prevention solutions, notably with Mastercard and Worldpay, and 74% of the top 100 U.S. banks. The company also offers a credit risk suite of tools (origination and lifecycle management to collections,[2] and detection of fraud, waste and abuse for the healthcare sector.[3]

History

Brighterion was founded by Dr. Akli Adjaoute in 2000. In 2002, Raymond Kendall, a three-time Secretary-General of Interpol joined the company as its chairman. The core technology was adapted and improved for real-time applications in the fields of homeland security, payment, compliance, IoT, healthcare, and marketing.

Brighterion was acquired by Mastercard in 2017.[4] In September 2019, Sudhir Jha was named Head of Brighterion.[5] In June 2020, Sudhir Jha was named to the Constellation Research Business Transformation 150 (BT150) for 2021.[6]

The company has received multiple awards including: the Payment Security Excellence Award, the 2017 Cool Vendor by Gartner, Inc.[7] the Morgan Stanley Fintech Award[8][9] and in 2019 was named Most Scalable Platform by Aite Group in its report, AIM Evaluation: Fraud and AML Machine Learning Platform Vendors.[10] In October 2019, Brighterion received “Best Use of Payments Data or AI in Financial Services” at the Emerging Payments Association Awards, London, UK.[11]

Brighterion holds several patents.[12]


References

  1. ↑ AIM Evaluation: Fraud and AML Machine Learning Platform Vendors (Report). https://www.aitegroup.com/report/aim-evaluation-fraud-and-aml-machine-learning-platform-vendors. Retrieved 2020-08-10. 
  2. ↑ TechTarget (2021-03-05). "Mastercard senior VP talks about AI and fraud prevention" (in en-US). https://searchenterpriseai.techtarget.com/feature/Mastercard-senior-VP-talks-about-AI-and-fraud-prevention. 
  3. ↑ PYMNTS (2020-03-02). "Mastercard: Using AI To Cure Healthcare’s $240B Fraud, Waste And Abuse Problem" (in en-US). https://www.pymnts.com/fraud-prevention/2020/mastercard-artificial-intelligence-abuse-waste-fraud-healthcare/. 
  4. ↑ "Mastercard Enhances Artificial Intelligence Capability with the Acquisition of Brighterion, Inc." (in en-US). https://newsroom.mastercard.com/press-releases/mastercard-enhances-artificial-intelligence-capability-with-the-acquisition-of-brighterion-inc-2/. 
  5. ↑ PYMNTS (2019-09-26). "Unlocking Full Potential Of AI Now, In Future" (in en-US). https://www.pymnts.com/news/artificial-intelligence/2019/brighterion-on-unlocking-the-full-potential-of-ais-present-and-future-for-fis/. 
  6. ↑ "Constellation Research Reveals 2021 Business Transformation 150". https://www.constellationr.com/business-transformation-150/2021. Retrieved 2020-08-10. 
  7. ↑ "Cool Vendors in Identity and Fraud Management, 2017" (in en-gb). https://www.gartner.com/doc/reprints?id=1-413QTFK&ct=170524&st=sb. 
  8. ↑ "Morgan Stanley Recognizes Brighterion with Fintech Award at Firm's Annual Fintech Summit 7" (in en-gb). https://www.morganstanley.com/press-releases/morgan-stanley-recognizes-brighterion-with-fintech-award-at-firm. 
  9. ↑ Tom Groenfeldt (2017-11-20). "Brighterion's Artificial Intelligence Software Wins Morgan Stanley's First Fintech Award". Forbes. https://www.forbes.com/sites/tomgroenfeldt/2017/11/20/brighterion-anti-fraud-software-wins-morgan-stanley-first-fintech-award/. Retrieved 2018-08-09. 
  10. ↑ "AIM Evaluation: Fraud and AML Machine Learning Platform Vendors | Aite Group". https://aitegroup.com/report/aim-evaluation-fraud-and-aml-machine-learning-platform-vendors. 
  11. ↑ "Banking Circle and Konsensus Crowned Winners at the Emerging Payments Awards 2019" (in en-gb). https://www.thepower50.com/banking-circle-and-konsentus-crowned-winners-at-the-emerging-payments-awards-2019/. 
  12. ↑ "Brighterion's patents" (in en-gb). https://patents.justia.com/assignee/brighterion-inc. 

External links




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