Fravity agentic AI platform for fraud, risk and AML compliance teams

Fravity’s ‘human-in-the-loop’ approach delivers instant modernization to fraud, risk, and compliance teams by layering agentic AI onto their existing tools and workflows. This provides analysts with insights to reduce false positives and catch more fraud, all while ensuring they remain in complete control.

Don’t miss the other insights, strategies, and tools to help your institution stay ahead of evolving fraud threats in the Deep Dive: Fraud is everyone’s fight.

TRANSCRIPT

Rushik Upadhyay, Fravity.AI:

Hi everyone. I’m Rushik Upadhyay, Co-Founder and CTO of Fravity.AI. Prior to starting Fravity, I spent almost two decades at PayPal as a distinguished architect where I was deeply involved in designing and building PayPal’s AML financial crime platform from scratch. Over the years, I have seen financial organizations witness thousands of alerts and cases every single day, coming from KYC, KYB, AML screening, dispute and chargebacks, fraud systems, and other financial crime detection platforms. The problem is a significant portion of these alerts are low quality or false positives. Investigators end up spending time pulling data from multiple tools to reconcile information instead of reasoning and making decisions. Often complex cases can take hours to process. Investigators are forced to fight today’s criminal with yesterday’s playbook. All of this slows down investigations, reduces efficiency, introduces customer friction, and ultimately increase fraud losses and compliance exposure.

This is the exact problem we are solving at Fravity.AI. The Fravity platform enables a modern agent AI approach, bringing deep contextual reasoning to investigations, improving alert quality, and delivering smart, more intelligent investigations at scale.

Fravity platform offers 50 plus out of the box, very powerful AI agents. AI agents, which understands public and proprietary data sources such as adverse media, watchlist screening, open source intelligence, website intelligence agents that understand documents deeply, such as identity documents, financial statements, bank statements, business documents. Also agents which understand transaction data for AML pattern analysis, dispute and chargeback pattern analysis, and many, many more. These agents collaborate seamlessly to work agentic workflows and create very powerful and contextual insights for investigations.

Okay, now let’s build AML watch list screening investigation workflow, leveraging Fravity build with AI feature. Fravity is now selecting all the relevant agents from its 50 plus agents and creating the workflow for me. The workflow is ready. As you can see, workflow is using agents like watchlist screening matching enrichment, open source intelligence, adverse media screening, and then the final scoring and recommendation agents here. Now, individual agents can be customized with the ‘build with AI’ feature. Where here I’m adding some more options to my OSINT agent. Also, existing agents from the list of Fravity agents can be added on this workflow or new agents can be created here. Now let me save this workflow.

Once this workflow is saved, it becomes directly usable by investigators inside their existing case manager via Fravity Copilot. Here is an example of one of the case managers. I’m an investigator now reviewing AML screening alerts as part of AML screening investigation queue. I’m opening an alert or a case and opening Fravity Copilot, selecting the workflow, just ‘build’ and clicking on ‘analyze’ case behind the scenes. Now Fravity is running all the AI agents selected as part of workflow, which are gathering information from different sources and creating contextual insights for investigation. Here is an example of adverse media AI agent insights.

The same workflow now can automate the entire queue from the case manager or a CSV file can be uploaded with multiple subjects on multiple cases to run the workflow. And now you can see the workflow is being executed for multiple subjects or multiple cases, and the results will be available in seconds. Here is an example.

Leveraging Fravity AI platform, our customers have reported two to three times increase in investigation efficiency along with 20 to 25% increase in accuracy on investigations. This translates directly into fewer false positives, faster case resolution, and stronger fraud and financial crime investigation outcome. And that’s Fravity AI. An agent AI platform purpose built for fraud and financial crime investigations for instant modernization of your investigations. Book your demo now at fravity.ai. Thanks for watching.