First things first @thirdwatchai. What is transaction fraud and why is it important? #Babapitch— Ritesh Banglani (@banglani) March 19, 2017
@banglani We prevent digital transaction fraud in real time leveraging our deep learning platform Mitra #BabaPitch— ThirdWatch (@thirdwatchai) March 19, 2017
@banglani there are multiple types like people will order but no recieve tjis is particularly big in India #Babapitch— ThirdWatch (@thirdwatchai) March 19, 2017
@banglani promo fraud, payment abuse, Daniel of delivery, decline of receiving order and ask for chargeback #BabaPitch— ThirdWatch (@thirdwatchai) March 19, 2017
Ok, so transaction fraud is rampant in India and costs real money to ecom companies. Is it preventable? @thirdwatchai #Babapitch— Ritesh Banglani (@banglani) March 19, 2017
@banglani yes definitely it is preventable, this is exactly where our platform fits in #Babapitch— ThirdWatch (@thirdwatchai) March 19, 2017
@banglani Our partners get a red flag if the transaction is risky and green flag if it is genuine, while the green flagged #Babapitch (1)— ThirdWatch (@thirdwatchai) March 19, 2017
@banglani Our AI engine Mitra works on the principle of Anomaly Detection which is implemented by Deep Learning. #Babapitch— ThirdWatch (@thirdwatchai) March 19, 2017
@banglani There are other kind of frauds like denial of delivery, payments frauds, fake item return fraud, promo fraud #Babapitch— ThirdWatch (@thirdwatchai) March 19, 2017
@banglani We define transaction as any purchase happening online wether its COD or Prepaid #Babapitch— ThirdWatch (@thirdwatchai) March 19, 2017
@thirdwatchai what are some of the parameters which make the transaction fall under red flag?— Simran Chopra (@Simran__Tweets) March 19, 2017
@Simran__Tweets There are around 200+ parameters which capture while order like time to order, device cost, transaction medium.. #BabaPitch— ThirdWatch (@thirdwatchai) March 19, 2017