To take the RS Software quest forward, let’s focus on their RS IntelliEdge™ EFRM product.
(IP License sale to NPCI in last tender; going forward IP is now shared with NPCI)
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RS IntelliEdge™ includes a combination of the Rule Engine and AI/ML Models addresses the requirement to manage fraud and risk for RTP transactions and multiple other rails. The AI/ML models are already developed as part of the product, and work with the concerned data to get trained and effectively manage fraud and risk. The product is fully market validated for large volumes of data across multiple rails and is probably ready to be deployed in any country where it would work with the local data for that country.
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Leading global Competitors in EFRM space are Feedzai, Featurespace, NICE Actimize and FICO are leading global competitors in the FRM space. Other companies in the space are LexisNexis, FIS, Fiserv, Jumio, GB Group. Refer Top companies in Anti-Money Laundering (AML) Market
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