2025

Revolutionizing Risk Management & Fraud Detection with Java and AI

Entrant

Category

Innovation in Technology - Software Technology

Client's Name

Country / Region

United States

In today’s digital era, fraud detection, financial security, and regulatory compliance remain critical challenges for financial institutions, healthcare providers, and government agencies. Abhishek Murikipudi, as a Java Full-Stack Developer, has contributed to building and enhancing AI-driven fraud detection systems in PwC’s Risk Command and Risk Detect platforms. With expertise in Java, Spring Boot microservices, AI, and blockchain, Abhishek has helped develop scalable, secure, and efficient financial solutions that proactively detect, prevent, and mitigate fraudulent activities across industries.
Abhishek’s work in real-time compliance tracking, AI-powered fraud detection, and automated risk analysis has significantly improved efficiency, accuracy, and transparency in high-risk industries. The contributions extend beyond corporate security to government institutions and social welfare programs, where AI-based fraud detection helps prevent corruption and ensures benefits reach the right recipients. The system’s advanced anomaly detection models enable continuous fraud monitoring, ensuring that fraudulent activities are flagged before they impact financial stability.
By integrating machine learning for fraud detection, Abhishek has contributed to financial inclusivity, ensuring that underbanked populations gain better access to financial services. The fraud detection system, built using Spring Boot microservices and real-time anomaly detection, helps organizations analyze millions of transactions per day, preventing money laundering, cyber fraud, and economic crimes. The system’s predictive analytics helps financial institutions identify high-risk transactions in real time, minimizing financial losses.
Abhishek’s expertise in OAuth-based authentication, Zero Trust security models, and blockchain-powered fraud auditing has contributed to securing financial transactions and enhancing system transparency. Fraud detection systems have also been adopted in healthcare, preventing insurance fraud and ensuring resources are allocated to genuine patients, thereby strengthening healthcare infrastructure and reducing financial abuse.
Abhishek has played a key role in strengthening cybersecurity in online payment platforms and banking systems, enabling faster fraud response times and enhanced transaction security. By leveraging AI-powered analytics, microservices architecture, and security models, Abhishek has helped establish robust, scalable, and transparent fraud prevention frameworks, setting new benchmarks in risk management, regulatory compliance, and cybersecurity resilience. Additionally, Abhishek has optimized data processing pipelines, reducing latency and improving system performance, ensuring that fraud detection systems operate with minimal downtime and maximum efficiency.

Credits

 
2025
Pioneering AI Agent Orchestration for Enterprise Automation

Entrant

Vidyasagar Reddy Parlapalli

Category

Innovation in Technology - Artificial Intelligence (AI)

Country / Region

United States

 
2025
GFT leverages AWS ecosystem to deliver dramatic cost efficiencies for major private equity firm

Entrant

GFT

Category

Innovation in Technology - Cloud Technology

Country / Region

United States

 
2025
Actor-Asset Dynamics: A New Era in Cloud Defense

Entrant

Praneeth Reddy Vatti

Category

Innovation in Technology - Cyber Security Technology

Country / Region

United States

 
2025
TransCryptor: Tool to transfer encrypted data

Entrant

Dr. Mohan Raja Pulicharla

Category

Innovation in Technology - Artificial Intelligence (AI)

Country / Region

United States