Brighterion

Brighterion (est. in 2000) is an artificial intelligence company owned by Mastercard. Brighterion is headquartered in San Francisco, CA with a Canadian office in Vancouver, BC. The company delivers an artificial intelligence and machine learning platform that provides real-time intelligence from any data source, regardless of type, complexity, or volume.

Brighterion has been cited by analysts for its advanced scalability.[1] Brighterion is best known for its fraud prevention solutions, notably with Mastercard and Worldpay, and 74% of the top 100 U.S. banks. The company also offers credit risk and delinquency solutions[2], and detection of fraud, waste and abuse for the healthcare sector[3].


History

Brighterion was founded by Dr. Akli Adjaoute in 2000 and acquired by Mastercard in 2017.[4]

In 2002, Raymond Kendall, a three-time Secretary-General of Interpol joined the company as its chairman. Since the founding of Brighterion, the core technology was adapted and improved for real-time applications in the fields of homeland security, payment, compliance, IoT, healthcare, and marketing.

In September 2019, Sudhir Jha was named Head of Brighterion[5]. In June 2020, Sudhir Jha was named to the Constellation Research Business Transformation 150 (BT150) for 2021.[6]

Brighterion has received multiple awards including: the Payment Security Excellence Award, the 2017 Cool Vendor by Gartner, Inc.[7] the Morgan Stanley Fintech Award[8][9] and in 2019 was named Most Scalable Platform by Aite Group in its report, AIM Evaluation: Fraud and AML Machine Learning Platform Vendors[10]. In October 2019, Brighterion received “Best Use of Payments Data or AI in Financial Services” at the Emerging Payments Association Awards, London, UK. [11].

Brighterion holds several patents.[12]


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References
  1. AIM Evaluation: Fraud and AML Machine Learning Platform Vendors (Report). Retrieved 2020-08-10.
  2. PYMNTS (2020-01-13). "Using AI to Keep Issuers on the Right Side of Credit Risk". PYMNTS.com. Retrieved 2020-08-13.
  3. PYMNTS (2020-03-02). "Mastercard: Using AI To Cure Healthcare's $240B Fraud, Waste And Abuse Problem". PYMNTS.com. Retrieved 2020-08-13.
  4. "Mastercard Enhances Artificial Intelligence Capability with the Acquisition of Brighterion, Inc". Retrieved 2018-09-05.
  5. PYMNTS (2019-09-26). "Unlocking Full Potential Of AI Now, In Future". PYMNTS.com. Retrieved 2019-09-26.
  6. "Constellation Research Reveals 2021 Business Transformation 150". Retrieved 2020-08-10.
  7. "Cool Vendors in Identity and Fraud Management, 2017". Retrieved 2018-09-05.
  8. "Morgan Stanley Recognizes Brighterion with Fintech Award at Firm's Annual Fintech Summit 7". Retrieved 2018-09-05.
  9. Tom Groenfeldt (2017-11-20). "Brighterion's Artificial Intelligence Software Wins Morgan Stanley's First Fintech Award". Forbes. Retrieved 2018-08-09.
  10. "AIM Evaluation: Fraud and AML Machine Learning Platform Vendors | Aite Group". aitegroup.com. Retrieved 2019-09-26.
  11. "Banking Circle and Konsensus Crowned Winners at the Emerging Payments Awards 2019". thepower50.com. Retrieved 2019-10-17.
  12. "Brighterion's patents". Retrieved 2018-09-05.
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