Brighterion

Brighterion builds artificial intelligence software that detects fraud and manages risk. Its models are strengthened with data from Mastercard's global network. The firm says it has worked in AI for more than twenty years and that its products deploy ready-made rather than being built from scratch.

What Brighterion offers

• Transaction fraud detection — models that flag suspicious payments as they happen.
• Merchant risk — scoring to reduce risk from businesses that accept card payments.
• Healthcare claims screening — spotting fraud, waste and abuse before claims are paid.
• Credit risk management — assessment at origination, then delinquency and portfolio monitoring.

Who it works with

Financial institutions, merchants and healthcare organisations. The company states that 74 of the 100 largest US banks use software it powers, and that more than 2,000 clients use it worldwide.

Key facts

• Parent network: Mastercard
• Experience: more than 20 years in AI
• Awards: several payments, fintech and AI industry awards