It is said that the deeper you dig, the more you find. The same goes for analyzing payment data, tracking customer disputes, and dealing with chargebacks in international payments. The more data points, customer and payment information you have, the better!
And that is exactly what Razorpay’s advanced Shield Risk Engine does for your business: analyzes the numbers from a large data set, runs thousands of checks in an instant, and makes sure that your time and money are saved from intricate challenges of fraud risks, chargebacks, and declined payments.
What is a Risk engine and what does it do?
Imagine you’re an e-commerce business processing thousands of transactions daily. Each transaction contains a plethora of data points: payment information, customer details, transaction history, and more. Analyzing this vast amount of data manually for potential risks is not only impractical but also highly inefficient. This is where a risk engine comes into play.
At its core, a risk engine is a sophisticated system designed to analyze and assess the risk associated with financial transactions in real time. It sifts through massive volumes of data, identifying patterns, anomalies, and potential security threats. By leveraging advanced technologies such as Artificial Intelligence (AI) and Machine Learning (ML), a risk engine can make rapid, data-driven decisions to authorize or flag transactions based on predefined risk parameters.
In layman’s terms, this means that every transaction with a variation from the usual pattern is flagged and analyzed for fraud. The risk engine, in short, connects the dots for you and forms the big picture! And, with Razorpay’s AI-ML-powered risk engine, be confident to focus on your core business and forget about the intricate challenges of fraudulent transactions.
Shield Your Business, Embrace Growth with Razorpay’s Advanced Risk Engine
Razorpay’s Shield Risk Engine stands out as a best-in-class AI-ML powered solution, bolstered by Razorpay’s extensive international presence and industry expertise. With over 50,000 businesses relying on Razorpay’s cross-border payment stack, the risk engine benefits from a wealth of data and trust, ensuring unparalleled precision in risk assessment.
- Leveraging the power of data: Having processed over 10 million unique cards since its inception, the Razorpay Shield Risk Engine has amassed a vast repository of data. This wealth of information fuels advanced, industry-specific models that continuously evolve to adapt to emerging threats and trends, enhancing the system’s effectiveness over time. With each transaction scrutinized against approximately 10,000 data points, the system gains comprehensive insights into potential risks.
- AI-ML Mastery: The heart of the Razorpay Shield Risk Engine lies in its mastery of Artificial Intelligence (AI) and Machine Learning (ML). Trained on millions of data points across the extensive Razorpay network, the system harnesses the power of AI and ML to optimize transaction outcomes. By analyzing patterns, detecting anomalies, and predicting potential risks, the AI-ML algorithms empower businesses with advanced insights and decision-making capabilities.
Razorpay’s Shield Risk Engine stands as a beacon of security and efficiency in the realm of payment processing. By leveraging the power of data analytics, AI, and ML, this advanced solution not only shields businesses from fraudulent activities, chargebacks, and declined payments but also propels them towards growth and success. By embracing Razorpay’s Shield Risk Engine, businesses can navigate payment risks with confidence, unlock the power of data, and focus on what truly matters – driving innovation, delivering exceptional customer experiences, and achieving long-term success in today’s competitive landscape.
