Partnering with CPI Card Group has been nothing short of exceptional! 🌟This collaboration is focused on driving meaningful advancements in #fraud prevention and delivering tangible results for financial institutions. Together, we are leveraging the power of AI, machine learning, and predictive analytics to create a smarter, more proactive approach to protecting cardholders. Looking at the road ahead with our partners CPI, we’re excited to build on this momentum and continue innovating for the future of fraud prevention. Here’s to achieving even greater milestones ahead! #collaboration #fraudprevention #innovation #ai #teamwork Megan Meek, Natalie Shooter, PMP, PMI-ACP, Donna S. Davis Rob Dixon
Rippleshot
Financial Services
Chicago, IL 2,085 followers
Rippleshot's predictive analytics helps financial institutions proactively detect and stop credit and debit card fraud.
About us
Rippleshot is transforming the way that banks and credit unions detect fraud through a cloud-based technology solution that leverages machine learning and data analytics to distinguish fraudulent activity more quickly and efficiently. Rippleshot’s award-winning technology processes millions of payment card transactions to proactively pinpoint when and where a data breach occurred. Following detection, Rippleshot provides financial institutions with the tools they need to update fraud detection rules in order to lower their fraud losses while avoiding unnecessary card re-issuance.
- Website
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http://www.rippleshot.com
External link for Rippleshot
- Industry
- Financial Services
- Company size
- 11-50 employees
- Headquarters
- Chicago, IL
- Type
- Privately Held
- Founded
- 2013
- Specialties
- fraud analytics, data analytics, data breach detection, information security, credit card fraud prevention, fraud detection, machine learning, and artificial intelligence
Locations
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Primary
Get directions
321 N. Clark Street
Suite 2550
Chicago, IL 60654, US
Employees at Rippleshot
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Lon Chow
Venture and Angel Investor
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Canh Tran
Co-Founder and CEO at Rippleshot. Proponent of Artificial Intelligence. Believer in the human heart.
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Sam Das
Managing Director at TruStage Ventures
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Douglas W.
Operating Partner at SixThirty Ventures | Fintech Venture Capital | Board Member | Corp Dev + M&A | Startup Operator
Updates
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Check out the top #fraud trends of 2025 that financial institutions need to be aware of – and on top of – to protect account holders and preserve trust. We also look at how the right solution provider can make all the difference when it comes to your fraud strategy. There's no question that fraud moves fast – and in 2025, faster than ever. Thanks to technology and forward-looking companies like Rippleshot, you're able to move faster.
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Your phone rings. Caller ID says it’s your bank. “Hi, this is your bank calling. I need to verify changes made to your account?” This is exactly how an alleged spoofed credit union phone number scam started. Would you have reacted differently to the members of this credit union from whom thousands of dollars were stolen? Read on to hear more about this scam: According to https://lnkd.in/dy25UiCU, fraudsters would impersonate credit union employees, deceiving members into handing over sensitive banking details. Here’s what happened: 📞 Fraudsters spoofed the credit union's caller ID to appear legitimate. 🔍 They convinced members to share ATM card details, user IDs, and one-time verification codes. 💸 Once inside the accounts, funds were transferred to accounts tied to the scheme and withdrawn by the alleged ringleader. These tactics demonstrate the importance of advanced fraud detection tools and proactive security measures for financial institutions. At Rippleshot, we help credit unions and banks stay one step ahead of fraudsters. By leveraging proprietary #AI, #ML, and a #data consortium analyzing 50M+ daily transactions, we identify threats like spoofing, card compromises, and suspicious patterns before fraudsters can complete their strike. 🔐 Fraudsters are evolving, but so are we. Rippleshot enables financial institutions to protect their account holders and reputation with the most advanced fraud prevention tools available. Learn more at rippleshot.com #fraudprevention #ai #creditunionsecurity #spoofingscams #bankinginnovation
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The US Government’s The Office of the Comptroller of the Currency (OCC) has issued a stark warning: fraud threats targeting #banks are increasing in frequency and sophistication. From traditional schemes like check and wire #fraud to advanced attacks exploiting vulnerabilities in third-party providers, the financial sector is facing unprecedented challenges. 📊 Key Takeaways from the OCC Report: 🔵 Fraud Complaints Are Rising: The OCC noted a significant uptick in check fraud complaints with 88% of Bank Secrecy Act reports linked to fraud. 🔵 Sophisticated Scams on the Rise: Threat actors are leveraging innovative tactics, targeting third-party vendors to exploit weak links in banks' operational chains. 🔵 Customer Harm Amplified: "Unfair or deceptive acts or practices" (UDAP) risks are highlighted, as delayed investigations and account access restrictions erode customer trust. 💡 How Banks Can Respond: 🔵 Educate Account Holders on emerging fraud tactics, including impostor scams and the limits of authentication. 🔵 Train Staff to identify red flags, unusual transactions, and signs of financial exploitation. 🔵 Strengthen Collaboration among fraud prevention, BSA compliance, and account holder protection teams. Fraud is fast. Rippleshot is faster. At Rippleshot, we’re empowering financial institutions to stay ahead of these challenges. Using AI-driven fraud detection tools and analyzing 50M+ daily transactions, we proactively pinpoint fraud patterns and protect financial institutions and their customers by giving fraud teams the tools to succeed. www.rippleshot.com #fraudprevention #bankinginnovation #ai #riskmanagement #customertrust Source: https://lnkd.in/dNZmEf33
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#AI has generated significant fraud risks for financial institutions. It's also the only way FIs can effectively protect their account holders. Read our latest article to explore: 👉 How AI-powered fraud detection adapts to evolving threats, surpassing traditional systems in accuracy and speed. 👉 How regional banks and credit unions benefit significantly from AI tools enhancing fraud prevention. 👉 How to (safely!) bring AI fraud detection into your financial institution #fraud #paymentfraud #bankingfraud #cu
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Bank Director #AOBA25 was incredible, and our very own Canh Tran's presentation together with Sarah Grooms from Wintrust Financial Corporation sparked conversations that lasted well after the event concluded. As Canh puts it, "Transformative ideas don’t come cheap or easy. But done right they can have lasting strategic and competitive advantages." At Rippleshot, we're dedicated making this lasting impact. To bringing the best of these ideas to bear for our customers and the broader ecosystem. Leveraging the latest in technology coupled with exclusive access to vast data consortiums, we stop fraud before it strikes – protecting great businesses and the amazing people they serve. Here’s to those transformative ideas that are instrumental in building smarter, faster fraud defenses, delivering real long-term impact.
Co-Founder and CEO at Rippleshot. Proponent of Artificial Intelligence. Believer in the human heart.
This is my first time at Bank Director #AOBA25 and it feels like I crashed a not-so-secret annual party in the desert for community bankers, sort of like Burning Man for Bankers. I am not sure I belong here as I prepare to co-present with Sarah G. from Wintrust Financial Corporation. I am that kid who wore lobster printed white Bermuda shorts in a cringe attempt to fit in only to be separated by invisible socio-economic and spectrum barriers. My high school counselor smiled in relief after seeing my test scores and said, “you will have no problem getting into a trade school.” Armed with a Finance degree, I couldn’t get a job at Goldman Sachs, Citibank, or any bank. My first job was at an obscure PR firm in a dingy 3-floor walkup off Dupont Circle. I repped the two worst pariahs of our time, Muammar Gaddafi and Saddam Hussein, and wrote position papers like ‘Strength and Stability in the Middle East” #DictatorsAreTheBomb. (Harvey Hudes, Grace Keith Rodriguez, Tracy Samantha Schmidt) RNC, I come with a particular set of skills, you know where to find me should you need my services. In business school, while my peers were busy securing job offers from their summer internships, my American Express internship boss said, “Something tells me you are not interested in coming back next year.” That’s because I didn’t want to spend my entire summer figuring out how a card member’s benefits transfer when they upgrade from Gold to Platinum. I wanted to know how Amex will compete when they don’t charge interest, and their competitors are going to roll out premium cards of their own. Now I am walking on stage to a room full of bankers to discuss how Generative AI can transform their business. But that is not my audience. That is Sarah’s. As the Chief Administrative Officer for Wintrust, she evaluates how innovation and technology can help bankers and the associated operational and regulatory risks they carry. My audience is the founder who is brilliant but can’t look VCs in the eye. The entrepreneur who isn’t polished to speak in VC terms. Those who in the middle of the night ask themselves “am I good enough?” Under the Arizona sun, I am speaking to bankers about how wrapping their data and analytics in a data lake will get rid of their legacy stack, reduce their operational costs by 30-50%, help them better connect to their customers and prepare them for the era of Generative AI. It’s a big ask. Transformative ideas don’t come cheap or easy. But done right they can have lasting strategic and competitive advantages. I know I can create that future. It turns out I was built for this. Thank you Lisa Gold Schier, Katherine Tracy
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#AcquireorBeAcquired is the industry’s premier growth and strategy event for bank and credit union CEOs, boards and executive teams. Attending #AOBA25? See you there! Don’t miss Rippleshot CEO Canh Tran’s presentation, and the opportunity to meet with other team members including Lisa Gold Schier. Canh will be discussing “Understanding The Strategic, Competitive and Regulatory Landscape of #GenerativeAI ” together with Sarah G. from Wintrust Financial Corporation. #banking #genAI #fraud #AI #communitybanking #customerexperience #creditunion #stopfraud #fraud #innovation #machinelearning #fintech #banktech
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💡 Fraud is evolving. Fast. And financial institutions must move even faster. A new report reveals APP (Authorized Push Payment) fraud losses in the U.S. will hit $3.08 billion by 2028 – a worrying 42% increase. 🚨 Real-time payments are fueling this rise, making fraud smarter, quicker, and harder to catch. APP fraud happens when scammers trick people into willingly authorizing payments to fraudsters, making it harder to reverse since the transactions seem legitimate. Here’s the good news: AI is fighting back. 🛡️ Solutions like Rippleshot use cutting-edge tech and real-time insights that give financial institutions the tools to block fraud before it happens. 🔍 How? ✴ 50+ million daily transactions analyzed ✴ Fraud trends shared across 5,000+ financial institutions ✴ Predictive AI identifies threats early To stop fraud, speed matters. Collaboration matters. Smarter tools matter. Let’s make real-time payments safer for everyone. 💬 Curious how Rippleshot can protect your institution? Let’s connect: www.rippleshot.com #FraudPrevention #RealTimePayments #AIInnovation (Source: https://lnkd.in/gQkzdxU2)
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“As Payments Speed Up, Slowing Down Fraud Is More Critical”. This Payments Journal article highlights how fraudsters are evolving faster than ever, exploiting every weak link in the payments ecosystem. Here’s what financial institutions need to know: 📈 Fraud is skyrocketing with faster payments. According to experts, the sophistication of scams – from deepfake ID verification to authorized push payment (APP) fraud – has reached unprecedented levels. ⏱️ Why? One reason is instant payments mean instant vulnerabilities. The buffer time for vetting transactions is disappearing. 💔 The impact is real: - Account holders trust is compromised - They’re more likely to switch financial institutions - They look for a bank or credit union that prioritizes their ongoing protection 🔒 What can financial institutions do? 1. Implement multi-layered defenses at every critical touchpoint. 2. Embrace data-driven solutions like Rippleshot's fraud detection platform to stay ahead of fraudsters. 3. Prioritize agility: fraudsters don’t wait for meetings to innovate their tactics At Rippleshot, we understand that fraud prevention is not a one-size-fits-all solution. It's about staying one step ahead of the game. 💡 Want to learn how we can help protect your cardholders from modern-day fraud? Let's talk: www.rippleshot.com #RealTimePayments #FraudPrevention #RegionalBanks #Rippleshot #PaymentSecurity (Source: https://lnkd.in/eKz3Dksy)