![risk engine risk engine](https://icdesign.co.uk/media/1145/icd_branding_zre-cards2_lr.jpg)
It is also able to detect new fraud patterns and automatically intervene. It automatically analyzes fraud attempts and patterns to adjust risk profiles, and takes countermeasures on the fly. With four main features, namely AI Detection, Evolution, Perception and Auto Pilot, AlphaRisk offers best-in-class real-time risk detection and management capabilities. “Security, more now than ever, has to be the core infrastructure for digital businesses to ensure operational safety and reliability, while continuously improving user experience and performance.” Zhao Wenbiao, Vice President of Ant Group and Chief Scientist of Alipay Security Lab in his keynote speech. Meanwhile, rapid digitization also comes with new challenges in risk and security,” said Dr. Businesses and services which can adapt quicker to this growing trend will be in a stronger position to serve customers. “The pandemic has accelerated digital transformation across the globe.
![risk engine risk engine](https://more.gen10.net/hs-fs/hubfs/Risk.Engine%20reflected-01.png)
This means that for every $10 million worth of payments, fraud induced loss is less than $0.64, which is significantly lower than industry average. Backed by AlphaRisk, Alipay’s fraud loss rate has been kept under 0.64 in 10 million. HANGZHOU, China-( BUSINESS WIRE)-Alipay, the world’s leading open digital lifestyle platform operated by Ant Financial Services Group (“Ant Group”), organized the inaugural Alipay Risk & Security Tech Launch 2020, showcasing its latest technologies that help businesses adapt to digital transformation in a secure way.Īt the event, Alipay unveiled the enhanced version of the AI-powered risk engine AlphaRisk, the core of its world-leading risk and security technologies.