With exponential growth in online transactions, detecting and mitigating fraud is now more complex than ever before. You need to handle AI and machine learning workloads, perform real-time statistical analysis, and provide consistently high write throughput at low latency. Redis Enterprise is the answer to fast, accurate detection of fraudulent transactions.
Today’s digital and mobile payments platforms are much more complex and distributed,which present many more software vulnerabilities. And they operate with a level of interconnectedness that traditional fraud detection techniques weren’t designed to address.
Historically, personal identity information was verified with physical documents. That information is stored online, which adds speed and convenience. But the same data is easily accessible for a single big data breach to put millions at risk due to identity theft, account takeovers, and the creation of fake identities.
We now only use 30% of the DRAM storage we previously used, with no sacrifice in latency. That equates to hundreds of thousands of dollars in infrastructure savings each year.
Senior VP of Engineering
Using Redis Enterprise in our fraud-detection service was an excellent decision for our organization. It is enabling us to easily manage billions of transactions per day, keep pace with our exponential growth rate, and speed fraud detection for all of our clients.
Head of Engineering
We initially looked to Redis Enterprise for caching, but quickly discovered that it is really good as a database—not just a simple database, but also a system configuration database. Most of our data now resides in Redis Enterprise because it’s always available and it’s always highly responsive, no matter how you query it.
VP of Operations & CISO