Lusis Continues Global Expansion with Launch of Canadian Facility
SAN FRANCISCO & PARIS — Lusis Payments, a global innovator of mission-critical payments software and data science technology, is pleased to announce its first North American support center. The new office is opening June 1st in Toronto Canada.
Lusis is best known for its TANGO solution, an online transaction processing engine for mission-critical 24x7 solutions including payments, retail, loyalty, finance, fraud, utilities, and transport. TANGO delivers performance, availability, and scalability, with a rich set of functionalities, all from a single architecture. TANGO is built on a highly performing micro-service architecture providing agile delivery for business needs. Lusis has also made significant advancements in Data Science, Artificial Intelligence, FX Trading, ISO 20022, Fraud and Blockchain.
“Lusis Payments is pleased to launch its first North American support center. The support center will be based in Toronto Canada and will be comprised of fresh talent and experienced expert engineers who are fully trained on TANGO. This will contribute to project success in local support for our production systems,” said Philippe Preval, President and CEO of Lusis Payments. "North America is now our primary market. The new support center is a major step in solidifying our footprint in North America.” Until recently, Lusis had only sales and consulting teams in North America. The addition of this facility and the team being assembled will dramatically accelerate new and current project deployments of TANGO.
“We are very happy to achieve this milestone which has been brought on by our success with North American companies. We look forward to new challenges with enthusiasm and determination," added Preval.
CREATION OF THE RESEARCH CHAIR "ARTIFICIAL INTELLIGENCE APPLIED TO THE DETECTION OF PAYMENT FRAUD AND TRADING"
Romain Soubeyran, Managing Director of CentraleSupélec and Philippe Préval, Managing Director of Lusis, launch the Chair "Artificial intelligence applied to the detection of payment fraud and trading". Through this partnership, Lusis and CentraleSupélec are strengthening their collaboration in the field of artificial intelligence applied to the banking sector.
Lusis is the publisher of TANGO, a high-performance payments transaction platform for the finance industry. With the TANGO platform, Lusis provides a complete retail payment system that includes fraud detection, as well as extremely rich and complex “front to back” trading platforms.
In order to give a formal framework to this permanent R&D approach, in June 2017 Lusis created an Artificial Intelligence department responsible for working on Machine Learning / Deep Learning approaches mainly applicable to fraud detection on payments and trading strategies in the financial markets.
For its part, CentraleSupélec gives very high priority to artificial intelligence by dedicating focus to a of 3rd year to AI. The laboratories of CentraleSupélec are also present in this field by participating in numerous projects. This chair is the first signed by CentraleSupélec with a French high tech SME.
Strong involvement of students and researchers
Thanks to the long-standing collaboration between Lusis and CentraleSupélec, the student-engineers of the School have the opportunity to carry out, within the framework of "industrial study contracts" (« contrats d’étude industrielle » CEI), projects that focus on solving complex problems using statistical or machine learning approaches.
Involving students allows Lusis to generate and capture new ideas created in the laboratory that are usable in industrial approaches, and to access a pool of skills (researchers, students and collaboration network) conducive to the development of the various projects carried out.
Scientific objectives and research themes
The Chair supported by Lusis and CentraleSupélec provides a structured working framework allowing the two partners to carry out research work of specific interest by relying on a dedicated research team. It is housed in the Computer Science Research Laboratory (LRI), a joint research unit at Paris-Saclay University, CNRS and CentraleSupélec.
The themes studied include the detection of fraud on payments and trading strategies.
As far as fraud detection is concerned, the essential points to take into account are both the appearance of new fraud strategies and the essentially online nature of the process, as well as the ability to provide an explanation for the refusal or the acceptance of a transaction.
With regard to trading strategies, the work undertaken highlights the share of random time series in financial market data. This is the major difficulty of research in this area.
"Artificial intelligence is a game changer in the world of IT and business in general. It will completely redraw the landscape of whole sections of the industry. We want Lusis to be part of this revolution, particularly in our preferred areas of trading, payments systems, on-line banking, and customer-centric programs. For us, being an AI player means being a stakeholder in AI research. This is why, we are both happy and proud to be able to give a new dimension to our long-standing partnership with CentraleSupélec. Our teams like those set up by CentraleSupélec are enthusiastic about exploring these new universes,” declares Philippe Préval, CEO of LUSIS.
“Artificial intelligence is a young science whose recent successes and advances open up enormous potential for innovation in all fields and sectors of activity, which is at the heart of CentraleSupélec's strategy. We train, through dedicated courses, the engineers and researchers who will build tomorrow's intelligent systems at the service of society. With a wide disciplinary variety, our research activities cover a wide spectrum of AI," says Romain Soubeyran, Managing Director of CentraleSupélec who adds"The artificial intelligence chair applied to the detection of payment fraud and trading with LUSIS allows us to reinforce this strategy with a very ambitious scientific program.”
CentraleSupélec is a public scientific, cultural and professional establishment, born in January 2015 of the merger of École Centrale Paris and Supélec. Today, CentraleSupélec consists of 3 campuses in France (Paris-Saclay, Metz and Rennes). It has 4,300 students, including 3200 engineering students, and brings together 16 laboratories or research teams. strongly internationalized (30% of its students and almost a quarter of its international teaching staff), the school has established over 170 partnerships with the best institutions in the world. Leading school in higher education and research, CentraleSupélec is a benchmark center in the field of engineering and systems sciences, ranked among the best institutions world. It is a founding member of Paris-Saclay University and chairs the Groupe des Ecoles Centrale (Lyon, Lille, Nantes and Marseille), which operates international establishments (Beijing (China), Hyderabad (India), Casablanca (Morocco)).
Lusis is a technology supplier allowing to implement solutions of:
• Payment HUB
• Advanced messaging
• Fight against fraud
Lusis payments is a major player in the payments world. We focus on R&D, innovation, performance, time to market, disruption. We
take advantage of SCRUM both for our developments and for the projects we carry out with our customers. The architecture of our micro-service (Tango) solution and benefits from a constant investment of R&D on new payments, AI, distributed ledgers, performance.
We have clients all over the world, operating directly or through partnerships from:
• Paris: HQ, R&D
• London: EMEAA Sales
• San Francisco: America’s sales
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