Securing digital payments with AI-powered fraud detection

*Orginal story written and published by Slalom for Sionic. See the link below for the full story.

In the ever-evolving landscape of digital payments, Sionic has set out to pioneer the future. Founded in 2010, the company initially began in the mobile commerce loyalty and rewards space. Now, 14 years later, Sionic has transitioned its expertise to an adjacent frontier: real-time, bank-to-bank payments at the point of sale. This strategic move aims to empower financial institutions and retailers by offering a seamless and secure payment solution that caters to small and large businesses.

When planning its new payment solution, Sionic recognized the need to address the growing incidence of fraud plaguing the payments industry. With a commitment to innovation, security, and trust, Sionic’s leaders knew that offering a robust fraud detection and mitigation capability would be necessary.

Originally published at https://www.slalom.com.