Loyalty Juggernaut Expands Patent Portfolio with AI-Powered Fraud Prevention Technology [Yahoo! Finance]
DEUTSCHE TELEKOM AG S/ADR (DTEGY)
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Source: Yahoo! Finance
Nov. 19, 2024 /PRNewswire/ -- Loyalty Juggernaut, Inc., the first modern, cloud-native loyalty technology platform, proudly announces the addition of another U.S. patent to its growing portfolio. It recognizes LJI's innovative use of AI to combat fraud in loyalty programs, ensuring their commercial integrity. Fraud in loyalty programs is a significant concern, with a recent Ernst & Young study estimating annual losses to exceed $1 billion ('Unmasking Loyalty Scheme Fraud,' June 2024 "This new patent exemplifies our commitment to delivering cutting-edge technology solutions that address the loyalty industry's most critical challenges," said Shyam Shah , CEO and Co-founder of Loyalty Juggernaut. "With this innovation, alongside our AI-Sense and AI-Trust technologies, we continue to strengthen GRAVTY® as the most robust defense against fraud in the loyalty industry." The patent also highlights LJI's strategic collaboration with AWS. Renuka Uttarala, Senior Manager at AWS, remarked,
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