Latest news with #DataVisor
Business Wire
26-06-2025
- Business
- Business Wire
DataVisor Named 'AI-based Fraud Prevention Solution of the Year' in 2025 Artificial Intelligence Breakthrough Awards Program
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- DataVisor, the world's leading AI-powered fraud and risk platform, today announced that it has been selected as winner of the 'AI-based Fraud Prevention Solution of the Year' award in the 8 th annual AI Breakthrough Awards program conducted by AI Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies and products in the global Artificial Intelligence (AI) market today. DataVisor's platform rises above a crowded AI landscape by combining three core breakthroughs—patented Unsupervised Machine Learning (UML), adaptive Supervised ML (SML), and Generative AI-driven automation—into a single, high-impact fraud and financial crime prevention solution. This empowers institutions to identify unknown threats in real time, reduce false positives, and automate fraud operations at scale. DataVisor's UML identifies emerging fraud patterns without requiring historical labels, pinpointing coordinated attacks that might involve thousands of accounts acting in concert. This approach enables real-time, proactive detection of new threats, allowing organizations to stay ahead of rapidly advancing crime rings. DataVisor's UML captures over 80% of coordinated and previously unseen fraud attacks, enabling early detection with more than 98% precision and clear, explainable detection reasons. DataVisor's SML enhances detection by learning from historical fraud patterns, filtering out noise, and significantly reducing false positives. Unlike other vendors that only offer generic, pre-trained models, DataVisor customizes each SML deployment to the customer's specific data and fraud typologies, resulting in higher detection accuracy and fewer manual reviews. For organizations without a strong data foundation or historical fraud labels, DataVisor will also provide the option to leverage a consortium model for specific use cases, ensuring effective detection from day one. DataVisor continues to redefine AI-driven fraud defense with AI Co-Pilot, a generative-AI automation engine that reduces manual workloads. For example, its intelligent rule-tuning module mines historical data, runs thousands of threshold and logic simulations, and automatically fine-tunes detection rules—cutting false positives by up to 50% and dramatically boosting operational efficiency. 'AI has been at the core of DataVisor since day one, powering everything from unsupervised machine learning to today's generative-AI Co-Pilot,' said Fang Yu, co-founder and Chief Product Officer at DataVisor. 'Our mission is—and always has been—to stay one step ahead of fraud, detecting both known and emerging schemes in real time so our customers can shut down attacks before they start. We're truly grateful to AI Breakthrough for this award, and we'll keep pushing the boundaries of AI innovation so every client can instantly adapt to novel threats and unlock deeper insights from their own data.' The AI Breakthrough Awards shine a spotlight on the boldest innovators and most impactful technologies leading the charge in AI across a comprehensive set of categories, including Generative AI, Computer Vision, AIOps, Agentic AI, Robotics, Natural Language Processing, industry-specific AI applications and many more. This year's program attracted more than 5,000 nominations from over 20 different countries throughout the world, underscoring the explosive growth and global importance of AI as a defining technology of the 21st century. 'DataVisor's single, high-impact fraud and financial crime prevention solution provides an all-encompassing AI shield against fraud. Fraud detection relies on quickly and precisely identifying abnormal patterns and behaviors to uncover hidden threats and mitigate risks before they escalate. However, this requires tools that can accurately handle huge amounts of data,' said Steve Johansson, managing director, AI Breakthrough. 'DataVisor is a self-evolving, enterprise-grade solution that harnesses AI to tangibly improve efficiency, reduce fraud losses, and help businesses scale securely in a fast-moving digital world. As a result, we're thrilled to award DataVisor with 'AI-based Fraud Prevention Solution of the Year!'' Renowned for its adaptability and data-driven methodology, DataVisor is the trusted partner of choice for Fortune 500 companies and leading organizations globally, specializing in serving financial services, banking, credit unions, fintech, and payments companies. About DataVisor DataVisor is the most comprehensive fraud and financial crime prevention platform powered by sophisticated AI and modern machine learning capabilities. DataVisor empowers customers to protect against future attacks before they happen by detecting and acting on rapidly evolving fraud patterns in real time. DataVisor's adaptable solution and data-driven approach provides businesses with unparalleled protection in an ever-evolving digital landscape. DataVisor's award-winning solutions and continuous innovation make them the trusted partner of choice for Fortune 500 companies and leading organizations worldwide, specializing in financial services, banking, credit unions, fintech, and payments. About AI Breakthrough Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the AI Breakthrough Awards program is devoted to honoring excellence in Artificial Intelligence technologies, services, companies and products. The AI Breakthrough Awards provide public recognition for the achievements of AI companies and products in categories including Generative AI, Machine Learning, AI Platforms, Robotics, Business Intelligence, AI Hardware, Computer Vision and more. For more information visit Tech Breakthrough LLC does not endorse any vendor, product or service depicted in our recognition programs, and does not advise technology users to select only those vendors with award designations. Tech Breakthrough LLC recognition consists of the opinions of the Tech Breakthrough LLC organization and should not be construed as statements of fact. Tech Breakthrough LLC disclaims all warranties, expressed or implied, with respect to this recognition program, including any warranties of merchantability or fitness for a particular purpose.
Associated Press
26-06-2025
- Business
- Associated Press
DataVisor Named 'AI-based Fraud Prevention Solution of the Year' in 2025 Artificial Intelligence Breakthrough Awards Program
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Jun 26, 2025-- DataVisor, the world's leading AI-powered fraud and risk platform, today announced that it has been selected as winner of the 'AI-based Fraud Prevention Solution of the Year' award in the 8 th annual AI Breakthrough Awards program conducted by AI Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies and products in the global Artificial Intelligence (AI) market today. DataVisor's platform rises above a crowded AI landscape by combining three core breakthroughs—patented Unsupervised Machine Learning (UML), adaptive Supervised ML (SML), and Generative AI-driven automation—into a single, high-impact fraud and financial crime prevention solution. This empowers institutions to identify unknown threats in real time, reduce false positives, and automate fraud operations at scale. DataVisor's UML identifies emerging fraud patterns without requiring historical labels, pinpointing coordinated attacks that might involve thousands of accounts acting in concert. This approach enables real-time, proactive detection of new threats, allowing organizations to stay ahead of rapidly advancing crime rings. DataVisor's UML captures over 80% of coordinated and previously unseen fraud attacks, enabling early detection with more than 98% precision and clear, explainable detection reasons. DataVisor's SML enhances detection by learning from historical fraud patterns, filtering out noise, and significantly reducing false positives. Unlike other vendors that only offer generic, pre-trained models, DataVisor customizes each SML deployment to the customer's specific data and fraud typologies, resulting in higher detection accuracy and fewer manual reviews. For organizations without a strong data foundation or historical fraud labels, DataVisor will also provide the option to leverage a consortium model for specific use cases, ensuring effective detection from day one. DataVisor continues to redefine AI-driven fraud defense with AI Co-Pilot, a generative-AI automation engine that reduces manual workloads. For example, its intelligent rule-tuning module mines historical data, runs thousands of threshold and logic simulations, and automatically fine-tunes detection rules—cutting false positives by up to 50% and dramatically boosting operational efficiency. 'AI has been at the core of DataVisor since day one, powering everything from unsupervised machine learning to today's generative-AI Co-Pilot,' said Fang Yu, co-founder and Chief Product Officer at DataVisor. 'Our mission is—and always has been—to stay one step ahead of fraud, detecting both known and emerging schemes in real time so our customers can shut down attacks before they start. We're truly grateful to AI Breakthrough for this award, and we'll keep pushing the boundaries of AI innovation so every client can instantly adapt to novel threats and unlock deeper insights from their own data.' The AI Breakthrough Awards shine a spotlight on the boldest innovators and most impactful technologies leading the charge in AI across a comprehensive set of categories, including Generative AI, Computer Vision, AIOps, Agentic AI, Robotics, Natural Language Processing, industry-specific AI applications and many more. This year's program attracted more than 5,000 nominations from over 20 different countries throughout the world, underscoring the explosive growth and global importance of AI as a defining technology of the 21st century. 'DataVisor's single, high-impact fraud and financial crime prevention solution provides an all-encompassing AI shield against fraud. Fraud detection relies on quickly and precisely identifying abnormal patterns and behaviors to uncover hidden threats and mitigate risks before they escalate. However, this requires tools that can accurately handle huge amounts of data,' said Steve Johansson, managing director, AI Breakthrough. 'DataVisor is a self-evolving, enterprise-grade solution that harnesses AI to tangibly improve efficiency, reduce fraud losses, and help businesses scale securely in a fast-moving digital world. As a result, we're thrilled to award DataVisor with 'AI-based Fraud Prevention Solution of the Year!'' Renowned for its adaptability and data-driven methodology, DataVisor is the trusted partner of choice for Fortune 500 companies and leading organizations globally, specializing in serving financial services, banking, credit unions, fintech, and payments companies. About DataVisor DataVisor is the most comprehensive fraud and financial crime prevention platform powered by sophisticated AI and modern machine learning capabilities. DataVisor empowers customers to protect against future attacks before they happen by detecting and acting on rapidly evolving fraud patterns in real time. DataVisor's adaptable solution and data-driven approach provides businesses with unparalleled protection in an ever-evolving digital landscape. DataVisor's award-winning solutions and continuous innovation make them the trusted partner of choice for Fortune 500 companies and leading organizations worldwide, specializing in financial services, banking, credit unions, fintech, and payments. About AI Breakthrough Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the AI Breakthrough Awards program is devoted to honoring excellence in Artificial Intelligence technologies, services, companies and products. The AI Breakthrough Awards provide public recognition for the achievements of AI companies and products in categories including Generative AI, Machine Learning, AI Platforms, Robotics, Business Intelligence, AI Hardware, Computer Vision and more. For more information visit Tech Breakthrough LLC does not endorse any vendor, product or service depicted in our recognition programs, and does not advise technology users to select only those vendors with award designations. Tech Breakthrough LLC recognition consists of the opinions of the Tech Breakthrough LLC organization and should not be construed as statements of fact. Tech Breakthrough LLC disclaims all warranties, expressed or implied, with respect to this recognition program, including any warranties of merchantability or fitness for a particular purpose. View source version on CONTACT: Media Contact: The Fletcher Group [email protected] KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA INDUSTRY KEYWORD: SECURITY DATA MANAGEMENT TECHNOLOGY ARTIFICIAL INTELLIGENCE SOFTWARE SOURCE: DataVisor Copyright Business Wire 2025. PUB: 06/26/2025 07:26 AM/DISC: 06/26/2025 07:25 AM
Business Wire
28-05-2025
- Business
- Business Wire
Fraudsters Have the Edge, but Financial Institutions Are Fighting Back: New DataVisor Report Unveils 2025's Top Threats and Strategic Priorities
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- DataVisor, the world's leading AI-powered fraud and risk platform, released its 2025 Executive Report, highlighting the escalating challenges organizations face in combating sophisticated fraud schemes. The report underscores a significant shift in the fraud landscape, with 75% of surveyed institutions acknowledging that bad actors are leveraging generative AI more effectively than legitimate organizations. From deepfakes to synthetic identities, criminals are exploiting emerging technologies faster than defenders can respond. 'AI has become a double-edged sword in fraud prevention,' said Yinglian Xie, CEO and Co-founder of DataVisor. 'Fraudsters are innovating without regulation or legacy constraints, while organizations are still working to scale AI defensively. The institutions that move first—building AI governance, linking systems, and reducing manual effort—will define the new standard for fraud resilience.' ' The 2025 Fraud and AML Executive Report ' draws on insights from banks, fintechs, credit unions, and digital platforms to map the evolving risk landscape. The findings are stark. One of the most compelling findings is the surge in first-party fraud, now ranked the second-greatest challenge by 68.8% of decision-makers. The surge reflects a growing trend where legitimate account holders engage in deceptive practices, such as falsely disputing charges or claiming lost deliveries. As economic pressures rise and liability shifts from consumer to bank, the distinction between customer and criminal is blurring, necessitating more advanced detection methods. "Identity alone is no longer a sufficient line of defense," the report notes. "When the fraudster is the legitimate account holder, detection requires going beyond verification—toward behavior monitoring, transactional intelligence, and adaptive risk models." Compounding the issue, siloed operations and legacy infrastructure continue to slow down even the most sophisticated institutions. 75% cited system fragmentation as a top AML challenge, while 56% named false positives as the leading pain point in fraud operations. Yet there is growing momentum for convergence. Adoption of a unified FRAML (Fraud + AML) strategy is rising, with nearly 40% of organizations already implementing or planning integration within two years. The report also underscores that institutions no longer need to choose between customer experience and security. With AI-powered real-time decisioning, more organizations are aiming to reduce losses and friction. 'You can't afford to choose anymore,' said Xie. 'The best fraud prevention today is invisible to the customer.' As Xie emphasized, 'This is not just a technology race—it's an organizational shift. The winners will be those who stop treating fraud as a backend risk and start embedding it into every layer of customer acquisition, onboarding, and transaction flow.' The 2025 Executive Report is available now at DataVisor is the leading AI-powered fraud and risk management platform, empowering financial institutions to detect and prevent modern fraud attacks in real time. Trusted by Fortune 500 companies and digital disruptors alike, DataVisor unifies fraud, AML, and risk operations into a single decisioning hub, safeguarding the entire customer lifecycle.
Associated Press
02-04-2025
- Business
- Associated Press
DataVisor Names Technology Leader Tony Kueh as Company's First Chief Operating Officer
DataVisor, the world's leading AI-powered fraud and risk platform, today announced the appointment of Tony Kueh as the company's first Chief Operating Officer (COO), a strategic move to accelerate its next stage of scale and growth. As COO, Kueh will lead the expansion of DataVisor's global go-to-market (GTM) engine — including marketing, sales, and customer success — to unlock new revenue opportunities and operational efficiencies at scale. Kueh brings a wealth of experience spanning both product innovation and GTM execution, most recently as EVP & Chief Product Officer of Anywhere Real Estate, and VP of Products at VMware. Over the past two decades, he has repeatedly scaled technology companies from early-stage growth to industry leadership — including taking multiple businesses from less than $25M to over $500M in annual recurring revenue — by aligning cross-functional teams across product, engineering, marketing, sales, and customer success. As real-time payments and money movement accelerate, fraud is becoming more complex. DataVisor's platform detects sophisticated threats across use cases like RTP, card, ACH, and wire — all in real time. As financial fraud continues to escalate and digital ecosystems expand, Kueh's expertise will be pivotal in scaling DataVisor's operations to capture this growing market — expanding both its customer base and product footprint. 'We are delighted to welcome Tony to our executive team at this exciting time in DataVisor's growth,' said Yinglian Xie, CEO and Co-founder at DataVisor. 'As we continue to innovate and expand our AI-powered solutions for fraud detection and risk management, Tony's operational expertise and strategic vision will be invaluable. His leadership will help us deepen market penetration, scale customer impact, and accelerate our momentum in a fast-evolving threat landscape.' DataVisor's impressive growth trajectory continues to solidify its position as a leader in the fraud and risk management space. The company has consistently demonstrated its ability to innovate and deliver cutting-edge AI-powered solutions, resulting in significant market expansion and customer adoption. This momentum was further underscored by DataVisor's recent inclusion in the prestigious Forbes Fintech 50 list, a testament to its disruptive technology and significant impact on the financial industry. This recognition highlights DataVisor's commitment to addressing the evolving challenges of digital fraud and underscores its potential for continued growth and innovation. 'I'm honored and excited to join DataVisor at this pivotal moment in its growth journey,' said Kueh. 'I've spent my career building high-performing teams and scaling organizations that deliver exceptional value. At DataVisor, my focus will be on building strong relationships with our customers, partners, and employees—ensuring we foster a culture of innovation and collaboration to proactively defend the financial ecosystem from the escalating fraud and risk threats in money movement.' For more information about DataVisor's fraud solutions, visit About DataVisor DataVisor is the most comprehensive fraud and financial crime prevention platform powered by sophisticated AI and modern machine learning capabilities. DataVisor empowers customers to protect against future attacks before they happen by detecting and acting on rapidly evolving fraud patterns in real time. DataVisor's adaptable solution and data-driven approach provides businesses with unparalleled protection in an ever-evolving digital landscape. DataVisor's award-winning solutions and continuous innovation make them the trusted partner of choice for Fortune 500 companies and leading organizations worldwide, specializing in financial services, banking, credit unions, fintech, and payments. Tara Strazdas SOURCE: DataVisor Copyright Business Wire 2025. PUB: 04/02/2025 07:58 AM/DISC: 04/02/2025 07:57 AM
