How they describe themselves: Since 2016, Bleckwen has been investing in state-of-the-art real time and explainable AI-based systems for use in real time financial crime detection. We believe the combination of Human Intelligence with AI enables faster, smarter and more effective fraud defence systems. With 35 people based near Paris, France, Bleckwen is dedicated to help Banks and Financial Institutions to defeat fraud and make a safer world. The company has already won 2 major customers since the product was released, including a tier-1 global bank.
How they describe their product/innovation: Leveraging behavioural analysis via artificial intelligence, Bleckwen provides an effective and robust solution for financial crime detection. Our real-time, dynamic behavioural analytics & explainable AI-engine is well placed to detect the surging fraud threats in payments, such as Authorised Push Payment fraud. The platform also protects banks from the emergent risks of open banking under PSD2, where banks will no longer have full control of the end-to-end user experience and security perimeter, presenting a completely new threat dimension.
Product distribution strategy: Direct to Business (B2B), through financial institutions, licensed