Ai solutions Artificial Intelligence Based Services for Real-Time Banking

SHAPE SECURITY

Location: Mountain View, Calif.

How it's using AI in finance: Utilized by top banks in the U.S., Shape Security curbs credit application fraud, credential stuffing, scraping and gift card cracking by pinpointing fake users.

The company's machine learning models are trained on billions of requests, allowing the software to effectively distinguish between real consumers and bots. Shape Security's Blackfish network also uses AI-enabled bots to detect compromised login credentials, alerting both customers and companies to security breaches instantly. 

Industry impact: Shape's solutions have helped one major bank protect customers from account highjacking and detected one million credential stuffing attacks in the first week of use, according to information provided on the company's website. 

 

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