Your Ultimate Defender Against Financial Crime
Embrace the Power of Holistic Risk Orchestration
Real-time risk management with an all-in-one platform. A simple solution to streamline all the risk processes!
Hayat Finans
Building Safer Digital Banking Together
Fraud Management Director – Eyüp Erdem
As Hayat Finans, we position our collaboration with Formica not as a traditional customer-supplier relationship, but as a true solution partnership. From the very beginning of the integration …
Solutions & Use Cases
One Platform, Holistic View
Transaction Monitoring
Prevent fraud by monitoring transac-tions from a holistic perspective. Reduce revenue loss and boost customer confidence.
Payment Optimization
Reduce 3DS redirection by monitoring customer payment and order activity. Minimize customer friction and maximize conversion.
Account Opening
Reduce friction and build trust with real-time smart onboarding. Eliminate potential fraudsters during registration.
Account Protection
Monitor every user interaction to detect and prevent account theft attempts. Safeguard and retain customers.
Scam Prevention
Monitor user interaction to identify all kinds of scams. Proactively protect your customers and enhance trust.
AML & KYC
Automate rules to identify criminal networks by investigating customers. Maintain compliance and ensure safety.
Formica AI in Industry
Boost Your Business with Confidence
Formica AI in Industry
Banking
All-in-one-platform to detect and restrict financial crime. Take charge of risk management by eliminating threats and fraudsters.
$0B
That’s how much consumers reported losing to fraud in the US in 2023.
Formica AI in Industry
Payment Facilitator
Strengthen relationships with merchants. Handle payments safely with a multi-layered solution
£0B
is the amount of fraud committed in the UK in 2023.
Formica AI in Industry
E-Commerce
Prevent chargebacks by monitoring transactions from a holistic perspective. Optimize PSD2, reduce customer friction and maximize conversion.
~$0B
is lost by the global e-commerce industry every year due to online payment fraud.
Formica AI in Industry
Travel & Ticketing
Advanced data enrichment to detect hospitality fraud. Improve customer trust and satisfaction.
>£0M
was stolen by fraudsters in the first half of 2024 in the UK.
Formica AI in Industry
BNPL
Use risk scoring to identify applicants. Determine the eligibility of potential customers.
$0B
is the projected global cost of e-commerce fraud in 2029.
Formica AI with Numbers
Embrace the Power of Holistic Risk Orchestration
Transactions
Monitored Annually
Formica AI Risk Orchestration Platform monitors over
>20B transactions annually, safeguarding businesses with its comprehensive suite of risk management tools.
0
Fraudulent
Activities Stopped
Formica AI’s cutting-edge Risk Orchestration Platform has successfully stopped >5B fraudulent activities, protecting businesses from significant financial losses.
0
Average Latenc
(in milliseconds)
With an average latency of just <10 milliseconds, Formica AI significantly outperforms the competition, delivering unparalleled speed and efficiency.
0
Transactions Processed
in Real Time Every Day
Formica AI’s highly scalable platform processes millions of transactions in real time every day, ensuring seamless risk orchestration for our clients.
0
Quick Onboarding.
Intuitive Experience.
Smooth and hassle-free onboarding journey with a user-friendly platform. Quickly implement risk flows with the help of our proactive support team, without the need for your IT.
Customer Testimonials
Boost Your Business with Confidence
We easily integrated Formica tools for all of
our products. It gives us chance to view
all transactions regarding to current
fraud patterns effectively.”
“The user-friendliness of Formica is irreplaceable. This allows us to take immediate action to protect ourselves from all potential risks. Everything is working flawlessly so far.”
“We can easily keep track of fraudulent activities with Formica’s 360-degree platform. Moreover, the product has effortless access to insights, especially with real-time alerts, empowering us to make solid decisions.”
“Formica has user-friendly interface which shows real-time data whenever we need and gives instant alerts. We don’t have to readopt the app every time for updating the alerts constantly, this…
“The product is extremely user friendly. When I started to use it and faced any issue, the point of contacts supported me whenever I need help. On the other hand,…
Blogs
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