Home lifeDomestic services apparel Entertainment News Player community More

Loyalty Juggernaut Expands Patent Portfolio with AI-Powered Fraud Prevention Technology

Latest Patent Reinforces GRAVTY® Platform as Industry Leader in Combating Loyalty Fraud at Scale

PALO ALTO,Calif.,Nov. 19,2024 -- 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,"We are pleased to see this innovative use of AWS to drive value in this industry. Loyalty Juggernaut's use of features like Time-To-Live within our NoSQL and Amazon Timestream DB offerings showcases why leading companies continue to look to cloud-native solutions to power their businesses and reduce the high costs typically associated with such systems."

LJI's growing portfolio of patents underscores its leadership in loyalty technology,with innovations that future-proof programs,drive operational efficiencies,and empower brands worldwide with secure,scalable,and impactful solutions. Key patented innovations include:

AI-Driven Mass Individualization: Revolutionizing loyalty programs by delivering large-scale,personalized member experiences.


GRAVTY Visual Rules (GVR):The loyalty industry's only patented no-code rules engine,combining advanced sophistication with user-friendly simplicity (watch).


Multi-Dimensional Behavior Tracking: A patented approach to generating first-party data,vital in today's cookie-less environment,enabling highly individualized customer experiences.

Media Contact: media@lji.io

About Loyalty Juggernaut

Headquartered in Palo Alto,CA,Loyalty Juggernaut Inc. is a leading provider of enterprise-grade loyalty technology solutions. With its flagship GRAVTY® platform,the company is reshaping the loyalty program landscape through advanced AI,serverless,and cloud-native capabilities. Loyalty Juggernaut Inc. powers loyalty programs and ecosystems for some of the world's most recognized brands in 12 industries including WestJet,Deutsche Telekom,Emirates,Viva Aerobus,Liverpool,Global Hotel Alliance. LJI is a three-time winner of the Golden Loyalty Awardfor Best Technology Innovation.

#loyaltyprograms #loyaltyfraud #lji #customerexperience


Follow us on LinkedIn and www.lji.io

Disclaimer: This article is reproduced from other media. The purpose of reprinting is to convey more information. It does not mean that this website agrees with its views and is responsible for its authenticity, and does not bear any legal responsibility. All resources on this site are collected on the Internet. The purpose of sharing is for everyone's learning and reference only. If there is copyright or intellectual property infringement, please leave us a message.

Newest

The launch ceremony of the first China "Zhicai Palace Cup" Carpet Industry International Industrial Design Competition has held grandly

Renowned Chinese Photographer Yin Chao Hosts Sino-French Photography Art Dialogue Exhibition, "Wandering Eyes" at the China Cultural Center in Paris

Bridgewise and Rakuten Securities Inc. Announce Strategic Partnership for the Japan Market

Promoting international cooperation in industrial and supply chains

The MEC Foods (Maruto Egg Circulation Group) hosts an exclusive, eggs tasting event in Singapore

Verified QT: Tinder® announces verification drive to increase user safety and authenticity in partnership with Wesnet

©copyright2009-2020New York Fashion News    Contact Us  SiteMap