Our Solutions
RiskAct
AI-Powered Cyber Security and Compliance for SMBs
As we highlight in this infographic, the world of cybersecurity is evolving rapidly, creating a minefield of threats as new regulator disclosure rules place executive liability under the spotlight.
In the financial services and insurance space, CISOs face the rising threat of sophisticated cyber attacks, while navigating the impact of post-COVID digital transformation, embedded finance, generative AI, open banking, advanced fraud and CBDCs.
NetraScale understands the forces at play and uses the power of advanced AI/ML, Zero Trust and Distributed Ledger Technologies to put game-changing cyber solutions in the hands of small to medium size Financial Services and Insurance Institutions at affordable prices.
Our first product is RiskAct: a transformative AI-powered app that helps our clients identify, quantify and mitigate cybersecurity threats and vulnerabilities.
To help our clients build resilience and adapt to the fast-changing regulatory landscape, RiskAct helps converge the realms of cybersecurity and fraud detection using our data-driven SemanticRisk Adaptive Platform.
Benefits:
- Harmonizes and simplifies operational risk.
- Reduces reliance on expensive domain experts
- Cuts the cost of training data acquisition, AI/machine learning model engineering, and associated legal and compliance services.
- Mitigates the growing risk of cybersecurity vendor sprawl, software complexity, and misconfiguration.
Whether its ransomware, supply chain attacks, cloud security risks, social engineering, or phishing attacks, our transformative suite of data-driven products plug right into your environment to enhance cyber security, improve your risk posture, and strengthen operational resilience.
Preparing Clients For Emerging Risks
Collaborative AI Ecosystem
NetraScale is creating a data-centric ecosystem that responds to client needs as threats and regulations evolve.
With our extensive domain experience and deep knowledge of financial and insurance market infrastructure and operations, we differentiate our AI and machine learning strategies by focusing on integrity, ethics, trust and innovation.
We're contextualizing risk management by applying security by design principles, human-centered automation, and adaptive thinking, supported by community-driven threat intelligence.
This multi-faceted approach minimizes risk and strengthens operational resilience for our clients over the long-term.
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ChainRegs
Real time transaction monitoring like no other
ChainRegs leverages the latest AI technology to track and flag a whole host of potential issues. From behavioral analytics to pattern recognition, from anomaly detection to geo and device tracking, and more, ChainRegs identifies issues in real time.
The underlying technology increases accuracy and reduces false positives, leaving your investigators focused on keeping your institution safe.
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Automating High-Risk Business Processes
In scenarios involving mission-critical systems, combatting cybercrime is most effectively achieved through the automation of manual-intensive security and other high-risk procedures.
This is especially true where highly complex digital ecosystems are in scope and advanced threat hunting skills are in short supply. Our SemanticRisk AI Framework connects you to the right automation partners, providing mission-critical systems with consistency, accuracy, and scalability.
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Open Risk Lab: Collective Threat Intelligence
As the ISACA points out, strengthening collaboration for cyber resilience is the key to security and resilience.
Fostering a culture of collaboration is essential for attaining comprehensive operational resilience in today's hyper-connected digital economy. This is particularly crucial for smaller organizations and startups that don't possess the vast datasets and advanced AI/ML skills required to safeguard digital assets.
Register early for Open Risk Lab and prepare to unlock the advantages of countering cyber threats through shared technological advances, best practices, and collective risk innovation.
Sol
The NetraScale Difference
Rapid advances in technology, macroeconomic headwinds, consumer demands, new regulations and supply chain shocks mean financial and insurance firms face mounting operational risks, and potential disruption as they embrace digitalization.
So how can our breakthrough AI solutions and shared intelligence approach help in this challenging environment, and what makes us different?
- Where incumbent technologies tag Machine Learning and AI onto existing solutions, NetraScale technologies are built with the latest AI algorithms and datasets at their core.
- We leverage breakthroughs from research institutions and tech innovators such as Berkley, MIT, Oxford, Netflix, Google and others.
- Our solutions pre-emptively detect, analyze, and isolate cyber threats using game-changing technologies.
- Where appropriate, we neutralizes the cyber threat before damage is done.
- Intelligently captures key data points, and uses contextualized analytics to deliver fresh operational insights and actionable reports.
- Our valued partnerships enable us to help you mitigate the risk posed by skilled cybersecurity staff shortages faced by many SMB and midmarket firms.
Benchmarks
SemanticRisk: AI-Powered Framework
The abundance of cybersecurity and risk frameworks and industry standards can overwhelm small and midmarket financial and insurance firms, leading to complexity, resource constraints, compliance burdens, and significant costs.
To this end, our AI-Powered SemanticRisk Framework is tailored to the specific needs and regulatory requirements of financial and insurance firms seeking simplicity and peace of mind.
With our comprehensive risk assessment, cost analysis, and customized capabilities, SemanticRisk is tailored to the needs of your organization, ensuring alignment with your business objectives, regulatory obligations, and changing customer demands.
Data-Centric Strategy
360 Degree Risk Intelligence
The diverse data sets we assess provide unique perspectives on threat detection, risk management, and mitigation controls.
Applying an unwavering holistic approach is important because as a 2022 report by the European Central Bank (ECB) found, vulnerabilities ultimately cluster around targets at the intersection of high technological dependence, weaker financial resilience and low awareness.
The ECB report goes onto conclude that large data gaps is one of the key challenges when designing policies tailored to mitigate risks associated with cyberattacks.
NetraScale uses a blend of data engineering techniques and advanced technologies to identify weak signals and threat intelligence gaps that can lead to vulnerability exploitation by cybercriminals.
Market Segment
Helping financial and insurance firms embrace innovation and agility in cyber
According to McKinsey, malware such as ransomware can pose an existential threat to small and midsize businesses (SMBs) and midmarket companies in a way it often doesn’t to large enterprises.
For midmarket fintechs, challenger banks, payment providers, insurance providers, etc., the impact of a cyberattack can range from financial loss, increased cyber premiums, reputational damage and the irreversible loss of customer trust (an earlier study by McKinsey found that nearly 10% of respondents reported stopping business with a supplier after learning of a data breach).
Contact us to learn about NetraScale's track record in the financial and insurance services space, and how we can your organization address operational risk challenges in today's digital economy.
Launch
Product Roadmap
RiskAct: Your gateway to cyber fortification
Secure your spot in our SemanticRisk beta program today to gain early access to our cutting-edge AI/ML based solution that's set to redefine cyber resilience and compliance.
Designed for small to midmarket financial services and insurance organizations, RiskAct is your trusted digital partner for today's fast-moving inter-connected economy where every second counts during a zero day attack, data breach, supply chain attack or social engineering compromise.
Be ready to bolster your defenses and future-proof your operations.
ChainRegs: State-of-the-art fraud detection
Elevate your cyber security posture effortlessly with our upcoming ChainRegs fraud detection solution.
Targeted for launch in Q1 2024, this differentiated solution built on proprietary machine learning models with a highly intuitive user interfaces, and is aimed at midsize market financial services firms with high operational risk profiles.
We simplify cyber resilience and compliance, ensuring peace of mind for your customer's assets, while you focus on growth.
Quantum Advantage: Staying ahead of Evolving Cyber Threats
After eight years of following R&D projects in the quantum computing market, the NetraScale team understands the significant opportunities this technology brings to our target audience.
With an increasingly interconnected cyber attack surface including critical financial market infrastructure, open banking, online payment networks, and the API economy, our early experiments with quantum-enabled AI and risk modelling aim to help our clients stay ahead of the curve. Contact us to learn more.