The Mobile Money Revolution
Mobile money has transformed financial services in Africa. With over 500 million registered accounts and $1 trillion in annual transactions, it's become the primary way many Africans access financial services. But with growth comes fraud.
The Fraud Challenge
Mobile money fraud takes many forms:
Traditional rule-based systems struggle to keep up with evolving fraud patterns. That's where AI comes in.
Our ML-Based Approach
Real-Time Transaction Scoring
Every transaction is scored in real-time by our ML models. We analyze:
Behavioral Biometrics
We use typing patterns, interaction speed, and other behavioral signals to verify user identity. This adds a layer of continuous authentication beyond passwords and PINs.
Graph Analysis
Fraud often involves networks of accounts working together. Our graph neural networks identify suspicious clusters and patterns that would be invisible to transaction-level analysis.
Results
For our clients, we've achieved:
Challenges and Considerations
Building fraud detection systems for African markets requires special consideration:
Looking Forward
We're investing in:
The cat-and-mouse game between fraudsters and defenders will continue, but AI gives us powerful new tools to protect users and institutions.