Garda: Revolutionizing Fraud Detection with Confluent

Empowered by Confluent's Build with Confluent Initiative

PT Mitra Integrasi Informatika (MII) is proud to be a part of Confluent's "Build with Confluent" program by delivering Garda, a cutting-edge fraud detection solution. This partnership ensures that Garda is built on a robust and reliable data streaming platform, validated by Confluent experts.

Confluent: The Foundation for Real-Time Data

Confluent is a pioneering data streaming platform that sets data in motion. It acts as the connective tissue for real-time data, enabling organizations to stream data from various sources across their operations. This empowers businesses to deliver exceptional customer experiences and transition to software-driven back-ends.

Garda's Role in Fraud Detection

In the banking sector, traditional fraud detection methods often struggle with time-consuming manual reviews, scalability issues, delayed detection and High Costs. Garda addresses these challenges by leveraging Confluent's real-time data streaming capabilities.

Key Features of Garda:

In this use-case, MII has incorporated Confluent into Garda solution as follows:

• Garda Connector: Allows efficient ingestion of data from multiple sources, including Databases, Card Transactions, and Digital Channels, ensuring a comprehensive views of activities
• Garda detects anomalies and patterns indicative of fraudulent behaviors in real-time
• Confluent Platform: Confluent enterprise cluster enable Kafka more enterprise ready with feature that needed for fraud detection system. First, by using Kafka technology to enable flow of data in real time, second, ksqlDB acts as stream processing to implement rules on data anomalies classified as fraud, third, the sink connector will connect to Elastic which functions as machine learning on Garda
• Elastic: Applying advanced analytics and machine learning algorithms within the anomaly detection which is available in elastic
• Garda Dashboard: used to monitor data identified as fraud by Garda and also to configure the rules that will be applied to the fraud detection system

Benefits of Garda:

• Improved Efficiency: Garda automates the fraud detection process, significantly reducing the time and resources required for manual reviews
• Real-Time Detection: By processing data in real-time, Garda can detect and prevent fraudulent activities before they cause harm
• Enhanced Security: Garda's advanced analytics and machine learning capabilities provide a robust defense against sophisticated fraud schemes
• Reduced Costs: By automating fraud detection, Garda can help organizations reduce operational costs associated with manual review processes

Conclusion

Garda, powered by Confluent, offers a comprehensive solution for organizations seeking to improve their fraud detection capabilities. By leveraging real-time data streaming and advanced analytics, Garda can help banks enhance security, reduce losses, and improve operational efficiency.