United Kingdom-based fraud and risk management provider the ai Corporation launched its outcome-based fraud service model this week. Under a performance-based contract, clients can outsource the complete fraud management function to ai who will be fully accountable for any fraud losses (and compensated for stopping it).
Clients avoid significant IT costs as ai’s service is cloud distributed.
“Our outcome-based service model is the culmination of many months of hard work, statistical calculations and focused live service from our alert management team,” ai risk and client service director Matthew Attwell said. “We are able to offer the new service because we are so confident in our man and machine learning technology; that after the initial base cost, we won’t ask our clients for a penny more until we have achieved the promised performance – and that goes for all our clients who sign up to the new service.”
“ai’s success is based on our clients being successful and this service exemplifies how committed we are to performing and becoming a trusted partner within their business,” CEO Mark Goldspink said. “It also clearly focusses our research and development activities, because under a service-based model, it is in our best interests to develop practical and operationally sound products.”