Gaurav Virmani
Technocrat with an ability to identify and focus on conceptualizing business needs and translating them into viable technical solutions.
General Engineer • Product
Delhi, India
Skills
Experience
Co-Founder & CTO @FrauShield • Co-Founder
Identifies fraudulent transactions real time in online e-commerce industry.
Amazing things Gaurav's made
Created multiple Android mobile(B2B & B2C) & web applications(asp.net) from scratch till implementation, including Product Analysis and research.
Part of the team to develop a new behavior score to identify when a legitimate transaction is being made by a customer. This score, when used in combination with existing fraud scores, allowed incrementally better detection of some fraudulent transactions resulting in a reduction in losses. The Fusion Score is a customer level score, developed to provide a fraud score to measure real time transactions against normal behavior for that customer.
• We achieved 35% overall decrease in false positives resulting in $18 M annual savings in expenses.
• Fraud losses decreased by 2% or $9 M.
Part of the team to develop a new behavior score to identify when a legitimate transaction is being made by a customer. This score, when used in combination with existing fraud scores, allowed incrementally better detection of some fraudulent transactions resulting in a reduction in losses. The Fusion Score is a customer level score, developed to provide a fraud score to measure real time transactions against normal behavior for that customer.
• We achieved 35% overall decrease in false positives resulting in $18 M annual savings in expenses.
• Fraud losses decreased by 2% or $9 M.