Yiannis Giokas & Ioanna Stanegloudi.
Location: Ireland


3rd Open Call


EDI-2020-21-YKT: Credit Card Fraud Detection

Product Description

We offer creditworthiness and affordability assessment for individuals. Consumers receive the service for free, while businesses (mostly banks) pay for their inquiries. We provide mobility of the individuals’ credit profile and we enable credit assessment based on transactional behavior, which is a huge win for self-employed applicants, first time employees and more social groups.

We need to come up with more, value adding, services to incentivize individuals to keep using our service. To this direction we have evaluated credit card fraud and identity theft monitoring tools for them. This will be something new for the EU where most such systems are operated by banks who are very slow in informing consumers on potentially suspicious cases, mainly because of labor intensive processes. We will automate the process and alert consumers on suspicious activity so as they reach out pro-actively to their bank.

Discover the product’s business and technical approach:

Company description

Finclude was founded in 2018 with a vision to change the way Europeans interact with their financial counterparts. We ride PSD2 to launch services that utilize Open APIs and machine learning.
We have two major offerings: a) Finclude: a scoring platform that allows individuals & financial institutions to commonly assess creditworthiness and affordability for consumers across Europe and b) Finstream: a Data API that aggregates and normalizes the plethora of PSD2 APIs implementations to a single API, allowing financial institutions & fintech companies to launch new services fast.
We are a licensed Account Information Service Provider (AISP) by the Central Bank of Ireland (license passported to most of EEA).
We have received numerous awards from the likes of IBM, Microsoft, UN, European Commission, New York University, Fortune magazine and many more.

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