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.