Mondu employs a sophisticated multi-layered approach to fraud prevention:
- AI-Powered risk engine: Mondu’s fraud prevention team leverages AI and machine learning models to create comprehensive fraud detection and prevention policies within their Risk Engine.
- External data partnerships: Collaborations with external data providers ensure Mondu has the necessary tools to prevent fraudulent behavior.
- Buyer identification: All buyers undergo adequate identification through a credit check and in some cases an ID verification before purchase approval.
- Real-time monitoring: Transactions are monitored in real-time for suspicious patterns or behaviors.
- Continuous improvement: Mondu continuously updates its fraud prevention measures based on new patterns and industry developments.
This comprehensive approach allows Mondu to effectively minimise fraud while maintaining high approval rates.