AdvanThink and Quandela to integrate Quantum AI into payment fraud detection models
AdvanThink, the European leader in payment fraud detection, and Quandela, a French start-up and leader in photonic quantum computing, have formed a scientific partnership to create the future of payment fraud detection.
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The promise? By combining the potential of the two technologies, the two partners will create the solution of the future, which will be even more effective and efficient than today's state-of-the-art solutions.
Detecting payment fraud in real time is a major technological, operational and strategic challenge that concerns us all. Faced with the constant evolution of fraud techniques, AdvanThink has been developing strategic tools based on Artificial Intelligence for 35 years, so that we can learn continuously and adapt. In this race for performance, Artificial Intelligence is emerging as a strategic tool, capable of spotting weak signals on a large scale, with unprecedented precision and speed.
But the demands of tomorrow will be even greater: models that are ever faster, more accurate, more energy-efficient and more resistant to sophisticated attacks. With this in mind, AdvanThink and Quandela are working together to explore the potential of quantum computing to push back the boundaries of state-of-the-art fraud detection.
The aim of the scientific partnership is initially to produce a proof of concept demonstrating the value of integrating a Quantum Machine Learning algorithm into AdvanThink's industrial processes.
"For 35 years, AdvanThink has placed technological innovation at the heart of its development strategy. Quantum AI holds great promise for fraud detection and represents a real innovation lever for building tomorrow's payment security - and financial institutions need to start thinking about this transformation now. We have already succeeded in integrating Quandela's technology into an AdvanThink pipeline with all the prerequisites of an industrial system ready for deployment. This first demonstrator is full of promise for experts in the fight against fraud," says Brice Perdrix, CEO of AdvanThink.
"Quandela has developed a quantum machine learning model to improve credit risk assessment. This algorithm also has great potential for detecting payment fraud. The partnership with AdvanThink means that this model can be integrated into an industrial workflow and compared with the best products available on the market", explains Niccolo Somaschi, co-founder and CEO of Quandela.
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