What

We, at Credito, visualize a world without fraud. We are building a Global Decentralized Network of Financial Intelligence to fight financial fraud. Credito secures financial transactions by identifying fraudulent transactions as they happen, thus helping financial institutions to mitigate losses due to fraud.

Why

By 2020, card fraud* worldwide is expected to total $31.67 Billion!

In 2015, the global card fraud reached $21.84 billion, up 20.6% over 2014

Existing System and Challenges?

No Real-time fraud prevention

Financial Institutions operate in Isolated business environments

Lack of Financial Intelligence

HOW WE ARE ADDRESSING

Real- time Transaction Scoring

Every transaction is scored and validated against the known fraud patterns across the globe, this is done in real-time within a few milliseconds.

Decentralization of Financial Intelligence

By leveraging Blockchain, AI and Machine Learning, Credito’s Risk models continuously evolve with along with the fraud patterns around the world, creating a decentralized network of Financial intelligence.

Patented Architecture

With the help of our unique patented architecture, Credito’s revolutionary risk models will generate a tamper proof score with the help of our unique consensus mechanism.

Use Cases

E-Payments & M-Payments

According to the statistics from the world payment report Global E-Payments and M-Payments volume in 2017 is around $ 127 Billion . To secure these payments Credito will provide real-time transaction scores.

Card Transactions

According to Nilson Report over $31 Trillion had been spent with cards in 2016, out of which over $22 billion is lost to fraud.
Credito will provide dynamic credit scores for all the transaction, even if we stop at least 10% during the first year, it would be a saving of over $2 Billion.

Online Transfers and Remittance

Bank Transfers and Remittance scams significantly contribute to the global financial fraud. Credito's Transaction Scores help in preventing these kind of frauds by leveraging global intelligence of known scams and Fraud accounts.

Analytics and Insights for Data Scientists

Credito’s Real-time Shared Global Intelligence will make the risk models portable especially online transaction patterns and eventually becoming a playground for data scientists, which will encourage them to mine the up to date data and even come up with revolutionary risk models to safeguard the global community from fraud

OUR TEAM

Srikar Govindarajula

Chairman, CEO

Programmer, Blockchain and Technology Expert with over 12 years of experience in various domains.

Narendra Allam

MD, CTO

Programmer, Entrepreneur and Music Director with over 14 years of technical expertise.

Raja Shekara Reddy Kaliki

Director, Technology

Former Director at Google, Former Director at CISCO, Former Director at NetApp.

Dale Hawkins

Head of Customer Strategy

Executive Manager, Group Advisor Common wealth Bank and Manager, National Australia Bank.

Srikar Govindarajula

Chairman, CEO

Programmer, Blockchain and Technology Expert with over 12 years of experience in various domains.

Narendra Allam

MD, CTO

Programmer, Entrepreneur and Music Director with over 14 years of technical expertise.

Raja Shekara Reddy Kaliki

Director, Technology

Former Director at Google, Former Director at CISCO, Former Director at NetApp.

Dale Hawkins

Head of Customer Strategy

Executive Manager, Group Advisor Common wealth Bank and Manager, National Australia Bank.

CONTACT

Any question? Reach out to us and we’ll get back to you shortly.
[email protected]

Credito Pty Ltd
Australia