Nets, a Europe-based payment service provider, has collaborated with KPMG to develop Nets Fraud Ensemble, a fraud monitoring and prevention solution.

Nets Fraud Ensemble is an AI-powered anti-fraud engine designed to assist fraud prevention teams in real time. The “brain” of the offering consists of multiple models working together to analyze each individual transaction within 10 milliseconds—the time frame in which a transaction can be safely blocked.

The solution is programmed to learn from the results of its analysis and adjust accordingly.