Pleo, the leading financial platform for businesses, has announced a strategic partnership with Taktile, a category-defining decision automation platform.
By integrating Taktile's advanced technology, Pleo is strengthening its anti-money laundering (AML) and fraud detection capabilities.
As Pleo continues to scale - providing over 37,000 businesses with a seamless and secure financial platform - so does the complexity of the transactions it processes. By leveraging Taktile's advanced AI and machine learning technology, Pleo is able to detect fraud, analyse transaction patterns, stay ahead of emerging threats and prevent financial crime with enhanced precision and speed —all while ensuring the highest levels of security and compliance.
The bespoke tools offered through this partnership are designed to give Pleo the agility to quickly adapt and evolve its fraud detection methods as new, sophisticated fraud patterns emerge. This has become increasingly important in an AI world. Despite the ability of AI to help teams predict and prevent financial crime with remarkable accuracy, the technology also gives bad actors the tools to develop increasingly sophisticated attacks. By working with a dynamic solution like Taktile, Pleo can stay one step ahead of those attempting to abuse financial systems, all while ensuring a seamless experience for all its users.
The integrated partnership with Taktile brings key benefits to Pleo including:
• Predictive, risk-based monitoring: Transactions are analysed in real-time, easily adapting to emerging fraud patterns.
• Fewer false positives: Customers can make purchases with less unnecessary friction.
• Stronger compliance: Pleo’s system meets evolving regulatory requirements across key markets in the UK and Europe.
• Protection as customers scale: As criminals become more sophisticated, so do Pleo’s AI-powered tools, ensuring continued security as customers grow.
Hannah Becher, Senior Lead of Decision Intelligence at Pleo, commented, “When evaluating potential partners for our risk management solution, Taktile quickly emerged as the right choice. Their ability to detect threats with precision, combined with an intuitive interface for designing, testing, and validating new scenarios, made a significant impact on our decision. Their superior detection capabilities and intuitive user interface for new scenarios enable our teams to become better decision-makers. This matters greatly in today's fast-paced financial landscape.
"With Taktile, we're looking forward to moving away from manual processes and becoming more data-driven in our approach to fighting financial crime. The ability to quickly adapt to emerging threats while maintaining a smooth customer experience aligned perfectly with our goals at Pleo.”
Maximilian Eber, Co-Founder and Chief Product and Technology Officer at Taktile, added, “We’ve seen a critical shift in the financial services industry, where AI and machine learning are transforming how fraud and compliance teams combat financial crime. Pleo’s adoption of Taktile’s Decision Platform shows their commitment to securing their product while also providing a seamless experience for their growing customer base.”