Product Overview of Ravelin
Ravelin is a cutting-edge, AI-based fraud prevention solutions provider designed to protect businesses from online fraudulent transactions. Founded in 2014, Ravelin has established itself as a major player in the fraud prevention industry, serving a diverse portfolio of international clients including JUST EAT, Deliveroo, MyTaxi, and Quiqup.
What Ravelin Does
Ravelin specializes in real-time detection and analysis of fraudulent transactions, leveraging advanced technologies such as machine learning, behavioral analytics, and graph networks. The platform integrates seamlessly into the checkout flow of online merchants, enabling rapid identification and mitigation of fraud attempts.
Key Features and Functionality
1. Real-Time Fraud Detection
Ravelin’s system can review orders in as little as 800 milliseconds, flagging potential fraudsters and providing merchants with immediate insights to make informed decisions.
2. Machine Learning Algorithms
The platform employs machine learning models to analyze transactions and identify patterns indicative of fraudulent activity. These models can be continuously improved through feedback from merchants’ manual fraud review teams.
3. Behavioral Analytics
Ravelin uses behavioral analytics to monitor user behavior in real-time, helping to distinguish legitimate transactions from fraudulent ones. This includes tracking device fingerprints, geolocation data, and other behavioral metrics.
4. Customizable Rules Engine
Merchants can set their own rules-based fraud prevention systems, which are then executed in combination with machine learning algorithms. This allows for a tailored approach to fraud prevention that aligns with the specific needs of each business.
5. Transaction Monitoring and Risk Scoring
The platform continuously monitors transactions and assigns risk scores based on various factors, enabling merchants to quickly assess the likelihood of a transaction being fraudulent.
6. Chargeback Management and Case Management
Ravelin offers tools for managing chargebacks and handling fraud cases efficiently, including features for reporting, analytics, and collaboration.
7. API Integration and Data Encryption
The platform integrates with existing systems via APIs and ensures the secure storage and analysis of sensitive data, including card details and personal identifiable information, while complying with standards such as ISO/IEC 27001 and PCI DSS.
8. Fraud Prevention Dashboard
Ravelin provides a highly visualized dashboard that allows merchants to monitor sales and detect fraudulent activity in real-time, facilitating quick action against fraudster networks.
9. Multi-Factor Authentication and User Authentication
The platform includes robust authentication mechanisms to ensure that only legitimate users can complete transactions, further enhancing security.
10. Historical Data Analysis and Anomaly Detection
Ravelin analyzes both real-time and historical data to identify anomalies and evolving fraud patterns, ensuring that the system remains effective against new and sophisticated fraud methods.
By combining these advanced features, Ravelin provides a comprehensive and highly effective solution for businesses to prevent online fraud, optimize conversion rates, and enhance overall transaction security.