Location History:
- Vallauris, FR (2015 - 2016)
- Valbonne, FR (2019)
Company Filing History:
Years Active: 2015-2019
Title: Cedric Florimond: Innovator in Fraud Management Systems
Introduction
Cedric Florimond is a notable inventor based in Vallauris, France. He has made significant contributions to the field of fraud management, holding a total of 4 patents. His work focuses on developing innovative systems and methods to enhance the efficiency of fraud screening processes.
Latest Patents
Florimond's latest patents include a "Fraud Management System and Method" and "Predictive Fraud Screening." The fraud management system is a computer-implemented method designed to manage fraud screening in response to requested transactions. It evaluates the efficiency of fraud screening strategies and predicts the effectiveness of new strategies based on the total cost of fraud. By grouping transactions, the system can calculate the total cost of fraud for a representative element rather than for each individual transaction. Additionally, it can identify inefficient rules and suggest modifications based on predetermined conditions.
The predictive fraud screening patent outlines methods, systems, and computer program products for screening transactions. It utilizes a transaction database to establish a statistical basis for determining the probability of fraud for pending transactions. The system assesses the cost of fraud for various actions and selects the one that minimizes overall costs. If the action with the lowest cost would lead to a higher cumulative cost of fraud, an alternative action may be chosen. This dynamic approach allows for continuous optimization of fraud screening processes.
Career Highlights
Cedric Florimond is currently employed at Amadeus S.a.s., where he applies his expertise in fraud management systems. His innovative contributions have positioned him as a key player in the development of advanced fraud detection technologies.
Collaborations
Throughout his career, Florimond has collaborated with notable colleagues, including Dietmar Fauser and Jeremy Meyer. These partnerships have fostered a collaborative environment that encourages the exchange of ideas and advancements in fraud management.
Conclusion
Cedric Florimond's work in fraud management systems exemplifies the impact of innovation in enhancing transaction security. His patents reflect a commitment to developing effective solutions for fraud detection and prevention.