Meet Graphomaly: an AI-powered research project for fraud prevention in the banking industry

2 min read >

News & Success Stories

Tremend, in partnership with the University Politehnica of Bucharest and the University of Bucharest, started a research project for developing Graphomaly, an AI-based solution for detecting anomalies in patterns of financial transactions.

Born out of the need to tackle the increase of fraudulent transactions across the European space, this advanced Python software package will automatically discover illicit behavior like money laundering, illegal networks, tax evasion, and scams.

The Graphomaly toolbox will use financial data models evaluated as individual data points, graphs, or time series, for anomaly detection. Given a large dataset of transactions, this toolbox will be able to produce the subset of anomalous data in the following basic scenarios:

  • Starting from known patterns, modeling and analyzing sub-graphs through community detection;
  • Finding new, unseen patterns, in an unsupervised/semi-supervised manner.

Graphomaly uses AI algorithms and automated procedures to save time and money for companies and banks. This new tool will be able to process large graphs, so that reaction time is decreased and, thus, frauds can be discovered in their incipient stages.

The project is aligned with Tremend’s general strategy and focuses on research and innovation, in Artificial Intelligence and Machine Learning, within the financial services industry.

This work was supported by a grant from the Romanian Ministry of Education and Research, UEFISCDI, PNCDI III (Programme 2), and CCCDI (Subprogramme 2.1). Project registration code: PN-III-P2-2.1-PED-2019-3248, Project title: Graphomaly – a software package for anomaly detection in graphs modeling financial transactions.

Tremend is acquired by Publicis Groupe

Tremend is acquired by Publicis Groupe

Publicis Groupe today announced the acquisition of Tremend, one of the fastest-growing and largest independent software engineering companies in Central and Eastern Europe. Tremend currently reaches 60 million of its clients’ end-users with its proven technology and will serve as a global delivery center for Publicis Sapient.  Based in Bucharest, Romania, Tremend was founded in 2005 by Ioan Cocan and Marius Hanganu and…

Discover Tremend Studio, the place where ideas turn into seamless Digital Experiences

Discover Tremend Studio, the place where ideas turn into seamless Digital Experiences

Tremend Software Consulting presents Tremend Studio, the new virtual place for companies looking to drive growth, explore proven ways to address customers’ needs and gain a competitive edge through a compelling User Experience strategy. Here they can find the best UX experts to enable them to bring their vision to life and build impactful digital products. Featuring an ever-growing library…

Meet Graphomaly: an AI-powered research project for fraud prevention in the banking industry

Meet Graphomaly: an AI-powered research project for fraud prevention in the banking industry

Tremend, in partnership with the University Politehnica of Bucharest and the University of Bucharest, started a research project for developing Graphomaly, an AI-based solution for detecting anomalies in patterns of financial transactions. Born out of the need to tackle the increase of fraudulent transactions across the European space, this advanced Python software package will automatically discover illicit behavior like money…

Unlock innovation and digital transformation for your business.

Get in touch

We are always happy to talk

Phone

+40-21-223-7700

Email

hello@tremend.com

Address

165 Splaiul Unirii, Timpuri Noi Square,
TN Office 2 building, 4th floor,
District 3, Bucharest, Romania, 030134