NC Company Overview
Fraugster is an anti-fraud solution that aims to help businesses in the e-commerce world to protect themselves and avoid risk. Using innovative artificial intelligence technology, Fraugster is designed to help its customers protect profits while also being an efficient and cost-effective solution.
Fraugster, based in London, England, was created in 2014 as a German-Israeli company. Its aim was to advance anti-fraud technologies to the point where a fraud-free online world would be within reach.
Fraugster’s founders believed that existing anti-fraud solutions were backed by outdated technologies and that using expensive rule-based or machine learning-based technologies meant that systems couldn’t evolve to deal with new threats in real-time and gave inaccurate results. Fraugster is their response to the challenges facing e-commerce merchants when it comes to combating fraud and uses advanced AI in place of outmoded tech.
As of May 2019, Fraugster has a global outreach with partners and customers all over the world. The original founders Chen Zamir, formerly of PayPal, and Max Laemmle, who also co-founded Better Payment, take on the roles of CTO and CEO respectively. Fraugster has received a lot of positive coverage in industry media, including in Banking Technology, as well as in mainstream media such as Forbes.