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 โ€œbrainโ€ of the offering consists of multiple models working together to analyze each individual transaction within 10 millisecondsโ€”the time frame in which a transaction can be safely blocked.