Lynx is an advanced multichannel fraud detection solution that effectively detects fraud across different payment systems in real-time


Lynx's technology allows intervening in the authorization process of financial transactions, taking into account the specific characteristics of a given channel (ATM, Commerce, Internet Banking, Telephone Banking, etc.).

The software has been developed by the Spanish Institute of Knowledge Engineering (IIC), in collaboration with IBM, Santander Bank, Gas Natural Fenosa and Universidad Autonoma de Madrid.


Main Features

Lynx is the Fraud Detection solution of choice for 99% of Spanish banks, and for a great number of European ones. Some of the largest financial institutions such as VISA or Santander Bank. Some of its main features are the following:

Real-time: capable of delivering its risk assessment score online and so can intervene in the authorization process, preventing temporary attacks.

Multi-channel: analyses transactions made in any channel using the information relevant or particular to that channel.

Client approach: analyses the client’s global activity, i.e., all their accounts, all channels used and all types of operations (monetary or non-monetary).

Fraud patterns: Lynx’s statistical models are built to detect fraudulent behavior in generic terms. Thanks to its Neural Networks technology, Lynx is able to detect implicit behaviors and to automatically learn individualized long-term patterns for each single client. It’s highly complex statistical behavioral models are able to analyze more than 4,000 variables at once and more than 22 billion transactions per year. 

Access point analysis: monitors the access points used by the client (IP, POS, ATM, Telephone, Beneficiary…) searching for points of fraud concentration (POC) and those suspicious of credentials theft (collusive merchants).

Short amortization of investment period: within 3-6 months, clients’ savings on fraud outweigh the cost of adopting the technology.