JEWEL PAYMENTECH AWARDED AI PATENT (SINGAPORE PATENT NO: 11201908270Q)

Jewel Paymentech has just received patent application approval for Singapore Patent 11201908270Q – Apparatus and Method for Real-Time Detection of Fraudulent Digital Transactions, a technology developed to detect anomalous transaction behavior in all channels of epayments.

The technology is important given the rise of aggregation of e-identities (Meta, Google, Apple) and anonymization services such as on-the-fly email alias generation (i.e. Apple’s iCloud+ Hide My Email Service) and VPNs. This allows for the deployment of next generation fraud prevention services without relying on primary account risk scores (ala email address, phone number).

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17 Nov / 2021

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