Waylay monitors the real-time performance of equipment and vehicles and provides tools to create new business models to optimize their life cycle.

Waylay enables solution providers to have full visibility over the position and the condition of goods in transit, at all times throughout the logistics chain.

IoT Logistics Solution

Solution providers use Waylay software to capture, process, analyse and visualise data from multiple IoT sources, tracking non-powered assets in transit directly, not just the vehicles transporting them, as with traditional track-and-trace.

Moreover, the Waylay platform connects to existing IT infrastructure and systems and to any other third-party service that may be used in order for operational teams or customers to have an integrated experience around the assets.

Download our solution brief to learn more.

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FraudAway: The Next Revolution Of Fraud Prevention For Financial Services

We are thrilled to announce a significant transformation in our payment solution, one that reflects our commitment to innovation, security, and providing a seamless experience for our valued users. As part of this exciting development, we have rebranded our payment solution to "FraudAway."
This rebranding is not merely a change in name; it represents a comprehensive evolution in our approach to online transactions and the ever-evolving landscape of digital commerce. Here's a closer look at what you can expect from FraudAway:

The Threat of Transaction Fraud and Its Impact

The risk of transaction fraud is more prevalent and sophisticated than ever before, causing significant financial losses and reputational damage with credit card losses predicted to hit $17 billion annually by 2030. Chief credit risk officers must develop better tactics to minimize fraud losses as payment fraud costs them 10% of their revenue whereas business users struggle to comply with regulations that take three to six months to update, leading to poor customer service and operational risk. This and more while fraudsters continue to exploit weaknesses and new tactics emerge regularly, leading to higher costs, lower trust, and legal risks.

Mitigating the Risks of Fraud in Transactions

Waylay's fraud monitoring solution uses a combination of rule based systems (that have been built and tested over the decades by finance experts), in combination with the latest advancements in AI. It reduces the operational costs associated with fraud while enhancing customer experience, making it easier to transition from a rule-based approach to a combination of artificial intelligence and business/compliance rules. It has a modular approach toward fraud management, allowing legacy modernization programs to evolve gradually. Waylay's payment solution seamlessly operates across cloud, on-premise, and in hybrid environments, harnessing the full capabilities of modern cloud-native applications.

Our cloud-native fraud monitoring solution offers many advantages over traditional payment solutions, making it an attractive option for organizations looking to improve their fraud detection capabilities, including:

Scalable

Real-time

Fusion of rules and ML

Flexible

Cost-effective

Digital Twin Cloud icon

Advantages of Combining Real-Time and Batch Processing

Our solution is capable of processing up to 20 mil transactions per day in batches or in real-time with a response time of less than 1ms per transaction—quickly improving fraud detection and prevention capabilities while reducing operational costs and bettering customer confidence.

Solution Blueprint

An AI-based hyperautomation fraud detection solution is cloud neutral and combines machine
learning with a business rules engine to minimize fraud losses while reducing false positives.

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Threat of Card Transaction Fraud and its Impact on the Financial Ecosystem

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A New Approach to Credit Card Fraud Transaction Prevention

With the extensive use of e-commerce, credit card fraud has become a major issue that every bank, payment processing platform or web-shop site is facing. Big loss in business is not only related to fraudulent transactions, but also in denying legit transactions, which are deemed to be fraudulent leading to loss in revenues, high levels of customer traveling and more.

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Low-code and No-code Automation Accelerates User Experience

Today, the competition in the financial services landscape is growing rapidly with entry from the non-banks. Small fintech companies are nibbling away at large financial institutions’ market share for their products and services. The major value proposition from fintech is top of the line end-to-end customer experience.

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Just Browsing? Here Are Some Good Reads.

Asset Visibility And Monitoring For Salesforce
  • Intelligent data processing application for Salesforce.

  • No-code IoT solution for field service operations, asset management and remote maintenance.

  • Bridges the gap between connected assets and business processes.

  • Enables users to monitor and manage critical assets remotely.

Asset Visibility And Monitoring For ServiceNow
  • Intelligent data processing application for Salesforce

  • No-code IoT solution for field service operations, asset management and remote maintenance.

  • Bridges the gap between connected assets and business processes.

  • Enables users to monitor and manage critical assets remotely.

Any To Any Workflow Orchestration

  • Waylay provides Hyperautomation layer on top of AWS stack.

  • Available on AWS Marketplace.

  • Benefit from existing Enterprise Discount Programs.

  • Consolidated billing with AWS.Usage Monitoring and Analytics.

Waylay GenAI for Field Service Operations

Efficiently handling customer support tickets is vital for maintaining high levels of customer satisfaction. Discover how, in this blog post.

Optimizing Service Management for Specialty Vehicles with Hyperautomation

By harnessing the power of cloud technology and implementing condition-based and predictive maintenance strategies.

Waylay Joins AWS Marketplace

Waylay joins Amazon Web Services Partner Program to revolutionize enterprise operations with its cutting-edge automation technology.