Corsight AI has enhanced its computer vision solution with a novel capability that extends its utility in retail beyond security and into anti-fraud monitoring: it can now watch for “sweethearting”, a common practice in which retail workers intentionally manipulate transactions in order to benefit someone they know—for example, by applying a discount for a friend, even if the proper conditions of the discount haven’t been met.
“Our technology identifies unusual patterns of interaction by flagging very frequent or atypical connections between staff and customers, enabling security teams to review cases of potential fraud,” explained Gal Biton, Corsight AI’s Global VP of Sales.
The enhancement builds upon a platform that already supports the use of facial recognition for flagging individuals on a watch list, a security solution that can help retailers to immediately spot known shoplifters and any other individuals who might be barred from the premises.
And it arrives shortly after Corsight AI’s announcement of a partnership with RaptorVision, the provider of an AI Event-Based Product Engagement & Integration Platform. RaptorVision has integrated Corsight’s computer vision-powered security into its own retail automation solution, enabling it to offer its own customers a better value proposition, and extending Corsight’s presence in the retail sector.
These efforts build upon an already established presence in public security, with its facial recognition technology being used in Smart City policing systems and even in the famous Mall of America. in Bloomington, Minnesota. Though Corsight is a young startup – it has only been offering its technology since 2019 – it has made a name for itself with sophisticated computer vision and facial identification technology that can even recognize masked faces with considerable accuracy.
In the retail setting, Corsight’s technology is increasingly being used for security and anti-fraud purposes. Beyond recognizing known high-risk individuals and – with its latest upgrade – flagging sweethearting, its computer vision can also keep an eye on restricted areas and watch for suspicious activities like loitering and shoplifting.
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October 25, 2024 – by Alex Perala
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