February 4, 2023

MagForbes

All Richest People

dLocal Introduces The World’s First AI Powered Fraud Detection Tool

We all know that fraud is a serious problem in the e-commerce industry. It causes financial losses, reputation losses and damages the trust of the customer. dLocal’s fraud detection technology can help prevent these financial losses and make customers feel more confident when they are shopping online.

dLocal’s Background

dLocal is a cross-border payments company that operates in Latin America, Asia, and Africa.

dLocal’s mission is to make it easy for businesses to sell to customers in emerging markets. The company does this by providing a platform that makes it easy to accept payments in local currencies. dLocal also offers fraud protection and other services to help businesses succeed in emerging markets.

dLocal has raised $40 million from investors including Accel Partners, Tiger Global Management, and Bezos Expeditions (the personal investment vehicle of Jeff Bezos).

There are many different types of fraud, but all share the common goal of taking advantage of unsuspecting victims.

This tool uses artificial intelligence to analyze data and identify patterns that may indicate fraudulent activity. By flagging potential fraud before it happens, dLocal can help businesses avoid the costly losses associated with this crime.

How does dLocal’s fraud prevention technology work?

dLocal’s fraud prevention tool is powered by artificial intelligence (AI). It analyses data points related to online transactions, such as the user’s IP address, location, and device type. Based on this information, the AI system assigns a risk score to each transaction.

This is important, as false positives can lead to legitimate customers being unnecessarily blocked from completing a transaction.

Overall, dLocal’s AI-powered fraud detection tool is a powerful way to protect your business from fraudulent activity.

What are the benefits of this new technology?

The new AI Powered Fraud Detection Tool from dLocal is said to have many benefits. These benefits include the ability to more accurately detect fraud, the ability to do so in real-time, and the ability to do so with less false positives.

Conclusion

dLocal’s new AI-powered fraud detection tool is a game changer for businesses that rely on online transactions. Not only does it provide unprecedented protection against fraudsters, but it also offers a level of convenience and peace of mind that was previously unavailable. If you’re looking for a way to protect your business from the ever-growing threat of online fraud, dLocal is definitely worth considering.