Fraud Prevention: The Fast and the Fraudulent

Tiago

Hello, everyone! Welcome to another episode of FraudCast! I'm Tiago, your host, and today we're going to talk about high speed... fraud prevention! With the growth of instant transactions, such as PIX here in Brazil, the need to combat transactional fraud has never been more urgent. And to talk about this topic, we have here Thais, founder of Data Rudder. They created a system called DeLorean, which promises to revolutionize real-time fraud prevention. Thais, welcome to FraudCast!

Thais

Hi, Tiago! Thanks for the invitation, it's a pleasure to be here at FraudCast. Today's topic is truly one of the biggest challenges for the financial sector, and I'm excited to share a little more about what we're doing with DeLorean.

Tiago

Excellent! To start, Thais, tell us a little about how DeLorean was born. What pain points did you see in the market that inspired you to create this technology?

Thais

Of course, Tiago! DeLorean was born from the need we identified in many financial institutions that were dealing with an exponential growth in fraud, especially in fast transactions, such as PIX. With the evolution of the digital financial system, we saw that traditional solutions were not keeping up with the speed and sophistication of attacks. And since instant transfer fraud involves amounts that can be lost in seconds, we realized that a system capable of identifying and blocking these actions in real time was needed.