SG11201908270QA - Apparatus and method for real-time detection of fraudulent digital transactions - Google Patents

Abstract

RecommenderAggregated 'Meaty DelectiOn wiill leniperal,!knalysis FIG. Aggregated Scorna (12) INTERNATIONAL APPLICATION PUBLISHED UNDER THE PATENT COOPERATION TREATY (PCT) (19) World Intellectual Property Organization International Bureau (43) International Publication Date 13 September 2018 (13.09.2018) WIP0 I PCT IiiimmoimiolollmonolomomioominumliflovoimIE (10) International Publication Number WO 2018/164635 Al (51) International Patent Classification: G06Q 20/40 (2012.01) (21) International Application Number: PCT/SG2017/050108 (22) International Filing Date: 08 March 2017 (08.03.2017) (25) Filing Language: English (26) Publication Language: English (71) Applicant: JEWEL PAYMENTECH PTE LTD [SG/SG]; 31 Kaki Bukit Road 3, #06-25 Techlink, Singa- pore 417818 (SG). (72) Inventors: CHU, Benjamin Min Xian; c/o Jewel Pay- mentech Pte Ltd, 31 Kaki Bukit Road 3, #06-25 Techlink, Singapore 417818 (SG). LAM, Jer-Wei; c/o Jewel Pay- mentech Pte Ltd, 31 Kaki Bukit Road 3, #06-25 Techlink, Singapore 417818 (SG). TAN, Jeanette Yi Wen; c/o Jewel Paymentech Pte Ltd, 31 Kaki Bukit Road 3, #06-25 Tech- link, Singapore 417818 (SG). YAZDANI, Azim Adil; c/o Jewel Paymentech Pte Ltd, 31 Kaki Bukit Road 3, #06-25 Techlink, Singapore 417818 (SG). (74) Agent: LINDSAY, Jonas, Daniel; Marks & Clerk Singa- pore LLP, Tanjong Pagar, P 0 Box 636, Singapore 910816 (SG). (81) Designated States (unless otherwise indicated, for every kind of national protection available): AE, AG, AL, AM, AO, AT, AU, AZ, BA, BB, BG, BH, BN, BR, BW, BY, BZ, CA, CH, CL, CN, CO, CR, CU, CZ, DE, DJ, DK, DM, DO, DZ, EC, EE, EG, ES, FI, GB, GD, GE, GH, GM, GT, HN, HR, HU, ID, IL, IN, IR, IS, JP, KE, KG, KH, KN, KP, KR, KW, KZ, LA, LC, LK, LR, LS, LU, LY, MA, MD, ME, MG, MK, MN, MW, MX, MY, MZ, NA, NG, NI, NO, NZ, OM, (54) Title: APPARATUS AND METHOD FOR REAL-TIME DETECTION OF FRAUDULENT DIGITAL TRANSACTIONS 100 • Fraud Model Builder L Data Transformation r Feature Extraction Model Building Semantic Fraud Wall Engine Predictive Anomaly Detection Fraud Rule B Semantic Anomaly Detection 71' 00 (57) : An apparatus (100) for real-time detection of fraudulent digital transactions is disclosed. The apparatus comprises: a transceiver module arranged to receive information data of a digital transaction; a model generator module (102) arranged to dynami- cally generate a predictive model for fraud detection based collectively on historical information data relating to identified fraudulent transactions and the received information data; and a fraud detection module (104) having a plurality of anomaly detection modules (1042, 1044, 1046) arranged to respectively process the received information data differently to generate a plurality of scores, which are aggregated to provide an aggregated score to enable real-time determination of whether the digital transaction is a fraudulent digital transaction. A first anomaly detection module (1042) is configured to process the received information data using the predictive model to generate a first score. A related method is disclosed too. [Continued on next page] WO 2018/164635 Al MIDEDIMOMOIDEIREEMOMOHINIEIDIMOIMEN PA, PE, PG, PH, PL, PT, QA, RO, RS, RU, RW, SA, SC, SD, SE, SG, SK, SL, SM, ST, SV, SY, TH, TJ, TM, TN, TR, TT, TZ, UA, UG, US, UZ, VC, VN, ZA, ZM, ZW. (84) Designated States (unless otherwise indicated, for every kind of regional protection available): ARIPO (BW, GH, GM, KE, LR, LS, MW, MZ, NA, RW, SD, SL, ST, SZ, TZ, UG, ZM, ZW), Eurasian (AM, AZ, BY, KG, KZ, RU, TJ, TM), European (AL, AT, BE, BG, CH, CY, CZ, DE, DK, EE, ES, FI, FR, GB, GR, HR, HU, IE, IS, IT, LT, LU, LV, MC, MK, MT, NL, NO, PL, PT, RO, RS, SE, SI, SK, SM, TR), OAPI (BF, BJ, CF, CG, CI, CM, GA, GN, GQ, GW, KM, ML, MR, NE, SN, TD, TG). Declarations under Rule 4.17: — of inventorship (Rule 4.17(iv)) Published: — with international search report (Art. 21(3))