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Simplex uses minFraud data to train their algorithm to detect new cryptocurrency fraud patterns in real time

Simplex has been changing the status quo of crypto purchases since 2014. As the market leader, they pioneered the first riskless global fiat onramp using a credit and debit card, which promises a zero chargeback guarantee. With a zero chargeback guarantee in place, there’s a lot at stake in fraud detection and prevention. When they were putting together their platform, they knew from the beginning that they would need an agile, responsive algorithm at the heart of their fraud detection and prevention solutions. Simplex Data Analyst Talor Kars works closely with that algorithm.

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