The company reports that a model built on this approach ranks fraud 14% better than its predecessor and catches 32% more fraud dollars while flagging the same number of transactions. The figures are Ramp’s reported results; the source does not establish independent validation or generalizability beyond its system.
Raw SignalOct 8, 20261 min read1 source
Putting a Transformer Inside Every Card Authorization
In one minute
Ramp says its card transformer reads each cardholder’s previous transactions in real time at every card authorization.