Swiggy Leverages SHIELDโ€™s Device-First Risk AI Platform to Enhance Its Fraud Prevention and Detection Capabilities

NewsBizTechSwiggy Leverages SHIELDโ€™s Device-First Risk AI Platform to Enhance Its Fraud Prevention and Detection Capabilities
Business Wire IndiaSwiggy, Indiaโ€™s leading on-demand convenience platform, today announced its partnership with SHIELD, a device-first risk AI platform, to enhance its Fraud Prevention and Detection capabilities. SHIELDโ€™s Device Intelligence will enable Swiggy to reduce promo abuse and deter fraudulent practices within the Delivery Partner ecosystem.Dolly Sureka, Vice President –ย Assurance & Business Advisory and lead for Trust and Safety at Swiggy, said โ€œSwiggyโ€™s vision is to elevate the quality of life of urban consumers by offering unparalleled convenience. Our partnership with SHIELD has enhanced Swiggyโ€™s Fraud Prevention and Detection mechanisms through device-first risk intelligence. This has empowered us to focus our resources on genuine users and proactively manage potential abuse on the platform.โ€

Promo abuseโ€”including the exploitation of platform discounts, sign-up incentives, referral bonuses, and monopolisation of limited-time dealsโ€”is rampant across online businesses globally. To carry out promo abuse, fraud syndicates use app cloners and tampered apps to create fake accounts at scale. This not only hurts return on investment in user acquisition but also makes it unfair for genuine users who miss out on these benefits.

Delivery partners can also use malicious tools and techniques to falsify their location and meet targets and unfairly collect incentives they have not earned. These impact Delivery Partnersโ€™ perception of platform fairness and hence their experience with the platform.

SHIELDโ€™s device-first risk AI platform has enhanced the Swiggy Trust & Safety teamโ€™s capabilities to proactively detect fraud and abuse on the Swiggy platform, by accurately detecting fraudulent devices as well as the use of malicious tools and techniques.

Gautam Sehgal, Director, SHIELD, added, โ€œSwiggy has established itself as the standard for convenience within the competitive Indian market, and SHIELD is proud to support Swiggy in establishing itself as the standard for trust and fairness as well.โ€

Related News

    Subscribe


    By completing and submitting this form, you understand and agree to YourTechDiet processing your acquired contact information. As described in our privacy policy.

    No spam, we promise. You can update your email preference or unsubscribe at any time and we'll never share your details without your permission.