Use Cases

Fraud Detection

Fraud has grown to epidemic proportions as our digital lives become increasingly interconnected, dependent, and exploitable. In-memory solutions such as Hazelcast IMDG and Jet enable real-time fraud detection at speeds and scale that drive security enablement to a new level.

Speed

Hazelcast delivers microsecond speed that allows multiple fraud detection algorithms to run faster than a card swipe, keeping customers, merchants, and payment processors focused on the business.

Scalability

Events like Black Friday, Singles Day, or even the day-to-day transaction volume of a successful site are a constant challenge. High security at low volumes is simple, but delivering the same security millions of times per second can lift your organization to a new level.

Stability

While speed and scalability can deliver the operational framework to keep your workflows operating smoothly and securely, Hazelcast's distributed architecture ensures your systems are well-prepared against compromising behavior.

Security

Security is by far the first order of business for in-memory enablement, because if it’s compromised nothing else matters. The world’s largest financial institutions, card processors and e-Commerce sites deploy Hazelcast as a critical component of the tech stack focused on delivering a fraud-free experience, regardless of complexity, volume or speed requirements.

Nothing impacts your relationship with customers or business partners more than dealing with fraudulent behavior. The speed and complexity of today's information technology ecosystem increase the risk of fraudulent behavior more than ever. Hazelcast's in-memory solutions are designed from the ground up to provide the infrastructural capability to minimize or eliminate the threats associated with fraud, in all its variants. Whether it's retail banking, capital markets, e-Commerce, payment processing, access control, or any of a myriad of other potential targets, nothing gets under your skin faster than being a victim of fraud. Hazelcast enables the world’s most sophisticated companies and government agencies with industry-leading fraud prevention and detection infrastructure.

Real-time fraud detection

We enable our customers to process fraud detection algorithms or fraud detection machine learning in microseconds, not seconds or even milliseconds. When looking for fraudulent behavior, speed is your friend.

Scalability that delivers

Systems unable to scale efficiently place you at a significantly higher risk of fraud when things get busy. With its distributed architecture, Hazelcast scales effortlessly to volumes that enable our customers to stay focused on their core competencies.

Improved satisfaction across the board

Eliminating the confusion associated with fraud keeps customers, suppliers, regulators, and investors satisfied and focused on the core of the business, rather than fighting fires.

Consumer financial transactions are the easiest targets for hackers using sophisticated systems when today’s detection systems are facing increasing volume pressure. Through the use of Hazelcast’s solutions, one of the largest credit card providers has been able to reduce their fraud write-downs by $800M per year.

The rate of change means that today’s fraud detection systems must be flexible to change, not only in the core logic but also in system topology. They must report anomalies in near real-time and be highly available 24/7. The Hazelcast In-Memory Data Grid® and Hazelcast Jet®, an in-memory stream and fast batch processing engine, are proven to deliver these capabilities for the largest banks, e-Commerce, and payment processing companies in the world.

Hazelcast can store account details, recent transaction history and scoring in one instantly accessible location for robust, comprehensive checks executed in real-time. As we already operate at sub-millisecond speed, we are comfortably exceeding SLA requirements of 500ms or less.