SOUTHBURY, CT (June 15, 2023) — Leading the charge in the evolution of consumer fraud awareness, eFraud Prevention™ today takes a leap into the future with the launch of EFRAUD-GPT, the first purpose-built large language model (LLM) focused solely on fraud awareness education and victim support. This innovative solution represents a paradigm shift in the fight against financial fraud, proactively transforming the banking industry’s approach by mitigating the impact of scams on account holders by equipping individuals with the tools to recognize and prevent scam attempts.
Functioning as a generative AI, EFRAUD-GPT is programmed to deliver rapid, contextually intelligent responses, emulating a human-like conversational experience. This breakthrough tool empowers bank and credit union employees to respond promptly and accurately to support queries, while simultaneously raising account holders’ awareness about imposter scams, phishing attempts, identity theft, and other financial threats in a relatable and digestible manner.
Distinguished for its accuracy, safety, and intuitiveness, EFRAUD-GPT delivers a conversational experience akin to ChatGPT, but with a specific focus on fraud prevention awareness and support.
Since its inception in 2004, eFraud Prevention™ has forged strong partnerships with hundreds of financial institutions. With the introduction of EFRAUD-GPT, these institutions can now equip their customers, members, and employees with next-generation fraud prevention awareness.
Dan Szabo, Founder of eFraud Prevention™, emphasizes, “The launch of EFRAUD-GPT signifies our commitment to leveraging the immense potential of generative AI for the financial sector, albeit responsibly, ensuring compliance and integrity. EFRAUD-GPT has been uniquely trained on our proprietary, industry-leading knowledge base to ensure an accurate and relevant experience. We envision this technology to be a practical, transformative asset for financial institutions of all sizes, aligning with our mission to uphold the banking industry’s highest standards. EFRAUD-GPT represents a significant augmentation of our current offerings, streamlining our clients’ fraud prevention strategies and making considerable strides in safeguarding consumers from identity theft and fraud scams.”
For more information about EFRAUD-GPT, please visit: https://www.efraudprevention.com/ai
eFraud Prevention™ is a comprehensive solution to the challenge of fraud scams. As the leading and widest provider of fraud prevention services, serving over 300 financial institutions in the US, eFraud Prevention™ offers a solid framework to enhance the understanding of fraud tactics among account holders and employees. By working together, we are making a tangible impact in people's lives by weakening the ability of fraudsters to steal money and identities.
Dan Szabo
Founder
dan.szabo@efraudprevention.com
800-606-9623
