Professional2024-08
Invoice Fraud Prevention Platform
At Vloto, payment defaults were a serious problem. I built a fraud prevention system that uses behavioral pattern recognition to identify high-risk customers before invoicing.
Key Highlights
- It implements dynamic risk profiles based on transaction history and payment behavior, and pioneered a micro-invoicing approach that splits monthly invoices into smaller periodic payments based on risk scores
- The results: 73% reduction in payment defaults, 45% improvement in cash flow, and €2M+ recovered in outstanding payments across 50k+ monthly transactions
Technology Stack
Core
LaravelPHPREST APIs
Infrastructure
MySQLPayment APIsMollieBackend DevelopmentAPI Integration
AI
Risk Analytics