Formica AI company logo
Formica is a cloud-native streaming data platform helping companies to solve business challenges by11-50 Employees
  • Early Stage
    Startup in initial stages
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Formica is a cloud-native streaming data platform helping companies to solve business challenges by
Interaction takes place on a website, mobile app or any channel and in real-
time, the data from this transaction or interaction is streamed to the Formica
platform using an easy API gateway. Then Formica Fraud assesses the
transaction and data in real-time and process it with complex rule and
workflows.
Depends on the requirement, rules and workflows, the transaction is either
confirmed, refused or transferred to the alarm management system. Here it
awaits investigation by fraud analyst and actions can be taken directly. After
analysing numbers of transaction, data and behaviour, the AI-powered
detection provides fewer false positives and more accurate investigations.
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