Experian backs Resistant AI

Experian is investing in Resistant AI to launch a new fraud detection solution that uses AI to stop scams like Authorized Push Payment (APP) fraud, which is the top fraud affecting UK businesses. The tool will help banks and payment providers catch suspicious transactions in real time without overhauling their existing systems.

Founded in 2019, Prague-based Resistant AI has a team of over 100 employees and reported 9% growth in the past year. The company has raised $30 million to date, excluding this undisclosed round.

For insurers, Resistant AI offers document fraud detection technology already used by Lemonade, Payoneer, Finom, and others. Its insurance-specific offering helps carriers verify claims documents in under 20 seconds, identify manipulated files, and fast-track clean claims. On average, the company finds 8% of claims documents are fraudulent, with up to 92% safely processed straight through, enabling carriers to cut manual reviews by 90% and reduce fraud losses.